Franklin College’s Legacy Begins with You
An individual‘s estate plan is a final declaration of his/her values and priorities. For those whose lives were touched or shaped by the Franklin College experience, remembering the college with a planned gift is a remarkable way to perpetuate those values and priorities.
Types of Planned Gifts
A bequest in your will or trust is the most frequently used planned gift and is fully deductible for estate tax purposes. Bequests can take many forms such as a specific dollar amount, a percentage of your estate, or the remainder of your estate.
Life Income Gifts
Charitable gift annuities and charitable remainder trusts offer an immediate income tax deduction and lifetime income payments. If your gift is funded with appreciated securities or real estate, you may also avoid capital gains taxes.
Life Insurance Policy
You may donate a new policy or designate Franklin College as the beneficiary and/or owner of an existing policy.
IRA or 401(k) plans can be subject to both income and estate taxes, greatly limiting the percentage available for heirs. As a result, you may choose to designate Franklin College as the beneficiary, qualifying the gift for an unlimited estate tax charitable deduction.
Charitable Lead Trusts
Charitable lead trusts provide a way to pass significant wealth to your heirs at minimal or no transfer-tax cost, while making immediate gifts to Franklin College.
Please contact us to explore these and other options.
Download more information (PDF) on doing more with a well-planned will.
Download the Statement of Support (PDF) to indicate your support for Franklin College.