The Southwestern Assemblies of God University just donated $10,000 to a local church. The church is known as Templo Christo Para Todo, and it is located in Alvin, Texas. The donation was one of the final requests made by a donor who passed away.
The estate itself was actually donated to a group known as the Southwestern Foundation, and they passed the donation along in relation with the wishes of the deceased. They gave a statement after doing so in which they noted that they never considered the money to belong to them in the first place. They said that they just wanted to distribute it as instructed.
They also said that this showed how other people who would like to have their estates distributed in this manner could use them as a trustworthy group to take on that task.
The $10,000 was just a fraction of the full $175,000 that the school got from the donor. The money is to be used for scholarships for minority students. The university, which was set up in 1927, is a private, Christian institution. It can be found in Waxahachie, Texas.
The church is far younger, though it is celebrating its 29th anniversary this month, in August of 2014.
There are many options when it comes to wills, trusts and estate planning, and it is good for anyone in Texas to know what these distribution options are whenever they are drafting a will. Knowing how they can give their money can help them create a viable, beneficial plan.
Source: Daily Light, “SAGU fulfills donor’s wish by donating $10K to hispanic church” Aug. 12, 2014