Keep Wesleyan Forever First

Remember Wesleyan in your estate plans

The Forever First Society honors alumnae and friends who have included Wesleyan in their estate plans. Planned Gifts can provide student scholarships, boost the Wesleyan Fund, and maintain Wesleyan's historic campus. 

Please consider becoming a member of the Forever First Society. There are many methods for designating a gift to Wesleyan:

Sample Bequest Language

When you create your will or a codicil to your will, you can choose to leave a bequest to Wesleyan College. Below are examples of written language that you may use include:

“Wesleyan College, Bibb County, Georgia, is to receive the sum of $________.”


“Wesleyan College, Bibb County, Georgia is to receive _______ % percent of my net residuary estate after payment of all my debts and taxes.”

Both of these examples imply that the bequest is unrestricted and the Board of Trustees or other governing body may use and expend the gift for the benefit of Wesleyan College in the most appropriate or needed manner. Should you wish to make a bequest to Wesleyan College that is restricted to a specific purpose, please contact us for examples of appropriate wording. Always consult your attorney for proper legal advice.

Gifts of Life Insurance

If you own a life insurance policy that is no longer needed, consider it as a perfect vehicle for a charitable gift! To receive a charitable deduction, name Wesleyan as both the owner and beneficiary of the policy. If the policy has a cash value, you can take a charitable deduction approximately equal to the cash value at the time of the gift. In addition, if annual premiums are still to be made and you continue to pay them for Wesleyan, those premiums become tax deductible each year. Please check with your life insurance agent for the details. 

Retirement Income Plans

Individual Retirement Accounts (IRA's), company-sponsored pension and profit-sharing plans, and similar means of saving for retirement may be appealing sources of charitable gifts to Wesleyan College.

If you are over age 70 1/2 and find that you have more than adequate resources set aside for retirement, it may be wise to periodically use a portion of those funds make charitable gifts. Amounts remaining in qualified retirement plans at death may be subject to both income taxes and estate taxes when they are received by their heirs. For this reason, charitable gifts of retirement plan balances may well be the gift of choice from income tax and estate planning perspectives. Please check with your financial advisor for more information about any of these options that could be beneficial for you and for Wesleyan's future.

Retained Life Estate Arrangements

Retained life estates are current irrevocable gifts to Wesleyan with the reservation of the use of the property during life. The retained life estate deduction is only available for remainder interests in a personal residence or a farm.

This type of gift is very simple to make, because it offers no interference with the donor's lifestyle while providing a current tax deduction, which is calculated based on the residence's current value and the age of the donor. The donor remains in her home as long as she lives, can make improvements to the residence and receive additional deductions, assuming the improvements are to the structure or are considered fixtures. The residence passes to Wesleyan only upon the donor's death and passes outside of "probate".

Please check with your financial advisor for more information about any of these options that could be beneficial for you and for Wesleyan's future.




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