Most of us, given the chance, want to leave a lasting reminder of the gratitude we feel for the institutions we love and support. It is a privilege to make a difference – to show, in some way, that we have contributed to important work or played a part in a cause that benefits society, perhaps for generations to come.
There are many planned gift opportunities available. As you consider ways to support our mission, let us help you find rewarding planning strategies with unique combinations of tax savings and personal satisfaction.
Estate planning is personal. Putting arrangements in place; selecting property; weighing the advantages and disadvantages inherent in individual inheritances, gifts, taxation and philanthropy – all influence your estate plan.
Many of our supporters choose to make gifts in their wills. The advantages are undeniable. These gifts are simple, straightforward, and familiar. They are flexible in amount, form, and type of property. In addition, with a gift through your will, you retain full use of all property throughout your life, and you have the right to revoke or modify your gift if you choose. All bequests – large or small – can have a significant impact on our programs and our students. There is no disruption of your lifestyle and there are no immediate out-of-pocket costs.
Wherever you are on the retirement spectrum, there is one compatible gift planning idea that is worth considering. A charitable gift annuity can help you shelter and arrange savings for retirement, manage income during retirement, and provide welcomed support for our mission.
For decades, families have used charitable remainder trusts to:
The most straightforward way to donate retirement plan assets is to designate us as a beneficiary. To do this, you need to contact the plan administrator, who will guide you through the process (we are happy to assist, as well). You have considerable flexibility when you designate us as a beneficiary. For example, you can specify an amount or percentage that we will receive, leaving the rest to other beneficiaries. Another option is to have your retirement plan assets transferred at death to a charitable remainder trust.
Retirement planning is a process. Whatever your age or stage in life, it’s never too late to get started, and it’s never too early to think about the role philanthropy could play in your planning. This brochure explores some of the planning options available to everybody – from the recently retired, to executives and professionals nearing the end of their careers, to happily retired singles and couples well into their golden years.
Many people own long-term, highly appreciated real estate they no longer use or no longer want to manage. In many cases, owners are looking for tax-efficient ways to pass the property on or convert it into an income stream. If you are one of these fortunate property owners, you may want to consider how philanthropy can unlock earning potential, create tax savings, and make an important difference to our work.
There are many ways to make revocable gifts, including gifts in your will, beneficiary designations of life insurance or retirements assets, and revocable living trusts.
Appreciated stock, held for more than one year, can be the ideal choice for individuals who want their charitable gifts to make the biggest impact for the lowest possible cost. The secret ingredient: double tax benefits.
Deferring taxes, reducing taxes, avoiding taxes – all can play a role in your year-end strategy. Knowing your planning and giving options helps you shape a meaningful charitable legacy while providing important benefits to you and your loved ones. Please contact us for more information about personally satisfying ways to meet charitable goals and help us make a difference.
Nora Lowe Brems ’87
Director of Planned Giving
Tax information provided here is not intended as tax or legal advice and cannot be relied on to avoid statutory penalties. Always check with your tax and financial advisors before implementing any gift.
“An investment in learning always pays the highest dividends.” - Benjamin Franklin