Gift Planning: Frequently Asked Questions
Your Questions, Answered.
We understand that planning your legacy is a big decision. Below are answers to common questions. We are happy to talk further and help you craft a plan that works for you.
Do I have to be wealthy to make a planned gift?
A: Not at all! Many donors are surprised to learn that planned gifts can fit into almost any estate plan, no matter the size. Every gift makes a difference.
Can I change my mind after setting up a planned gift?
A: Many planned gifts, like a bequest or beneficiary designation, are revocable and can be changed at any time during your lifetime.
What if I already have a will or trust?
A: You can easily add Clark to your existing documents with a simple amendment or codicil.
Are there tax benefits to making a planned gift?
A: Depending on the type of gift, you may be able to reduce income taxes, capital gains taxes, or estate taxes. We recommend consulting your tax advisor to understand your specific situation.
What information do I need to include Clark in my plans?
A: You’ll need our full legal name, address, and tax identification number:
Clark University, 950 Main Street, Worcester, MA 01610, Tax ID: 04-2111203
Should I tell Clark about my planned gift?
A: Yes! Letting us know allows us to thank you, ensure your wishes are properly documented, and welcome you into the Fiat Lux Legacy Society.
What is the Fiat Lux Legacy Society?
A: The Fiat Lux Legacy Society honors alumni, parents, and friends who have included Clark in their estate plans.
Benefits include exclusive event invitations and the Fiat Lux Legacy Society Newsletter.
How do I become a member of the Fiat Lux Legacy Society?
A: Simply let us know that you’ve included Clark in your plans. Contact Kate Rafey to share your intentions, and we’ll take care of the rest.
Who can I talk to about my options?
A: Please contact:
Kate Rafey, Director of Gift Planning
krafey@clarku.edu | 508-793-7593
We’re here to guide you through every step of the process. Reach out today and let’s talk about how you can leave your mark on Clark’s future.