Legacy Society Frequently Asked Questions

1. Why have a Legacy Society?
2. What is a legacy gift?
3. Who should sign-up?
4. Why wouldn't I leave all of my estate to my children?
5. Can assets other than money be donated?
6. How much should I bequeath?
7. Can I change my gift later?
8. What are the ways I can leave a legacy gift?
9. I am early in my career and I don't have money to give now. Can I still participate?
10. How can I give without spending money on a will or trust?
11. Where do ASEEES Legacy Society gifts go?
12. Who manages the ASEEES Legacy Society funds?
13. How do I join the ASEEES Legacy Society?
14. What language can I use to make a bequest to ASEEES?
15. How can I list ASEEES as a benficiary on my retirement plan or life insurance policy?


Why have a Legacy Society?

Sometimes such gifts go unrecognized because they come at the end of the donor’s life. ASEEES Legacy Society provides a way for ASEEES to recognize and thank donors during their lifetimes. You may choose to remain anonymous; however, your participation in the Legacy Society can be an inspirational experience and may encourage others.

What is a legacy gift?

It is a gift of an asset after you pass away.

Who should sign up?

Everyone. This is not just for the wealthy or for seniors. There is no minimum gift required, and no expectation of payment while you are living.

Why wouldn't I leave all of my estate to my children?

Legacy gifts are usually only a percentage of your estate and demonstrate to your heirs your commitment to supporting the intellectual vitality in all aspects of Slavic, East European and Eurasian studies.

Can assets other than money be donated?

Legacy gifts can take many forms: stocks, bonds, real estate, retirement assets, cash, life insurance proceeds, etc.

How much should I bequeath?

There is no correct amount – it varies from person to person – and must be what is right for you. Any amount is appreciated. Some people will choose to give a set dollar amount, some will specify a percentage of their estate, or all or part of a particular asset.

Can I change my gift later?

Yes - if your circumstances change, you can adjust the amount of your gift.

What are the ways I can leave a legacy gift?

There are many ways, including making a bequest in a will or trust, naming ASEEES as a beneficiary of a life insurance policy or an IRA or pension fund, giving a gift of cash or assets, setting up a charitable gift annuity or charitable remainder trust. Please consult your professional advisor to determine which method of giving is best for you.

I am early in my career and I don't have money to give now. Can I still participate?

The advantage of legacy giving is that no money is paid now. The gift is paid after your passing, from what is left in your estate.

How can I give without spending money on a will or trust?

One option is to name ASEEES as a beneficiary of an account you already have. You might also consider a life insurance policy, with ASEEES as a beneficiary.

Where do ASEEES Legacy Society gifts go?

Legacy gifts to ASEEES will be deposited into the ASEEES Fund at Northern Trust. If someone leaves money for a specific purpose, those wishes will be honored.

Who manages the ASEEES Legacy Society funds?

Northern Trust manages our Endowment Fund, along with many others in the community. They have been doing so for many years and have an excellent performance record.

How do I join ASEEES Legacy Society?

The first step is to fill out a Letter of Intent. Download one from this website, or contact Lynda Park.

What language can I use to make a bequest to ASEEES?

Here are some different ways to put in bequest language.

Residual Bequest Language

A residual bequest comes to us after your estate expenses and specific bequests are paid:

I give and devise to ASEEES, located in Pittsburgh, PA, ________% of the rest, residue and remainder of my estate, both real and personal, to be used for [the area of greatest need, unrestricted endowment or designation].

Specific Bequest Language

Naming ASEEES as a beneficiary of a specific amount from your estate is easy:

I give and devise to ASEEES, located in Pittsburgh, PA, the sum of $_________________ to be used for [the area of greatest need, unrestricted endowment or designation].

Contingent Bequest Language

ASEEES may be named as a contingent beneficiary in your will or personal trust if one or more of your specific bequests cannot be fulfilled:

If [name(s)] is not living at the time of my demise, I give and devise to ASEEES, located in Pittsburgh, PA, the sum of $_________________ [or ________% of the rest, residue, and remainder of my estate] to be used for [the area of greatest need, unrestricted endowment or designation].

How can I list ASEEES as a benificiary on my retirement plan or life insurance policy?

There are three easy steps:

1) Request a “change of beneficiary” form from your plan administrator.

2) List ASEEES as beneficiary at the following address:

        Association for Slavic, East European, and Eurasian Studies
        203C Bellefield Hall
        University of Pittsburgh
        Pittsburgh, PA 15260-6424

3) Inform ASEEES of your intentions so we can thank you and recognize you as a member of the ASEEES Legacy Society.