For those who would like to add Webb to their estates, one way to do this is to include language in a will that specifies an amount to be given to the school (bequest). Bequests can be an individual dollar figure, or a percentage of the total estate. It can be "outright" (given directly), or "residual" - meaning that Webb receives the gift only after certain other provisions have been handled.
Standard bequest language may be inserted into one's will as follows:
"I give to The Webb School, a not-for-profit educational institution located in Bell Buckle, TN, the sum of $XXXXX from my estate to be used for XXXX purpose."
"I give to The Webb School, a not-for-profit educational institution located in Bell Buckle, TN, XXXX % of my estate to be used for XXXX purpose."
For those who do not want to make provisions through a will, there is an option to simply name Webb as a beneficiary by filing paperwork with the custodian/provider of the life insurance, retirement plan, or trust.
beneficiary will be paid directly, so please include on the form specific information
needed for Webb.
Name: The Webb School
TAX ID #: 62-0401875
Address: 319 Webb Road East, Bell Buckle, TN 37020
There are many ways to make planned gifts, and contacting the Alumni and Development Office is a way to begin focusing on these unique opportunities. Once a decision has been made to include Webb as a beneficiary of a planned gift, please contact the Alumni and Development Office to share your potential interest. Webb employs strict confidentiality and discretion regarding any inquiries made about planned giving.
If there is an asset you own that is not mentioned above, please also reach out to the Alumni and Development Office to see if it is one that could be included in a planned gift provision.
For more information: Matt Wilson, Director of Alumni and Development
Burkhead Society Membership Form
More than 100 individuals have made provisions for Webb, and the school is very grateful for all of these that represent sincere commitments to the school. Webb acknowledges there are those who would rather not to complete the form, preferring to keep their intentions as private as possible. Webb does encourage using the membership form as a way for donors to confirm how they would like their gifts to be used.
Unrestricted: No restrictions on how it is used. A decision will be made by the school in conjunction with relevant policies enumerated by the Board of Trust, and any applicable laws.
Restricted - Student Endowment: To be used for student scholarships and to be held in the permanent endowment. Only a percentage of the endowment will be spent each year, with the goal of having the endowment in perpetuity.
Restricted - Faculty Endowment: To be used to supplement faculty compensation and to be held in the permanent endowment. Only a percentage of the endowment will be spent each year, with the goal of having the endowment in perpetuity.
Other: Donors with specific designations describe their plans in as much detail as possible.
Making a planned gift and becoming a Burkhead society member is truly a special gift, and one that inspires others. Thank you.