Members of McCormick's Heritage Society are faithful donors who have made longterm, legacy gifts in support of the future of the seminary and of theological education.
If you have not yet included McCormick in your will but wish to explore ways in which an estate gift can make a lasting contribution to the preparation of students for ministry, our Development staff are here to help you through this discernment process. McCormick takes great care to ensure that the appropriation and use of your gift is nothing less than an expression of your deepest values and commitments to Christ's Church.
Please find specific information below on how to include McCormick in your will or estate.
Wills & Bequests
After providing for the needs of loved ones, you may choose one of several ways to benefit McCormick through your estate plan. By having your attorney revise or add a simple amendment to your will (or living trust), you can provide for a gift of:
- A specific dollar amount
- A percentage of your estate
- A specific property or asset
- The residual amount left after all distributions are made
Sample wording for such amendments (codicils) could read as follows:
General Gift to Annual Fund
"I hereby bequeath (name the specific dollar amount, percentage or asset) to McCormick Theological Seminary (including address) as a gift in support of their mission and ministry to be used as the institution best sees fit."
More Specific Intent (typically placed in General Student Aid Fund)
"I hereby bequeath (name the specific dollar amount, percentage or asset) to McCormick Theological Seminary (including address) as a gift to be used exclusively in support of providing scholarship assistance to students in good standing who have a declared financial need (or name the specific program or purpose you wish to support)."
Gift to Establish an Endowed Fund (typically $100,000 or more)
"I hereby bequeath (name the specific dollar amount, percentage or asset) to McCormick Theological Seminary (including address) as a gift to establish a named scholarship fund in honor (or memory) of (name person). Awards from this fund are to be given to ..." (name the restriction – examples include: for PCUSA students; Women; International students, etc.)
Residual Gift (often comes into play when the majority of estate distributions are specific dollar amounts instead of percentage distributions)
"I hereby bequeath any and all residual amount left in my estate, after all other distribution requirements have been met, to McCormick Theological Seminary (include address) as a gift in support of their mission and ministry and to be used as the institution best sees fit."