Consider Your Alma Mater in Your Estate Planning
Think close to home and close to your heart. Planned gifts provide an individual with the opportunity to combine their personal charitable interests with long-range financial and estate planning.
Making a charitable gift to your Alma Mater, be it your college or highschool, is a satisfying and fulfilling way for you to personally see the benefits of your philanthropic efforts.
Charitable Remainder Trusts. In the right circumstances, this plan can increase your income, reduce your taxes, unlock appreciated investments, rid you of investment worries and ultimately provide important support.
You can fund a Charitable Remainder Trust with cash or appreciated property. You received income from assets for your lifetime or for the lifetime of a named beneficiary, qualify for a charitable deduction, and save capital gains and estate taxes. After your lifetime and/or that of a loved one, the trust assets are distributed to your Alma Mater.
Charitable Lead Trusts. Make a donation now while reducing the tax costs for your heirs in the future.
In a Charitable Lead Trust, you transfer assets to a trust that makes payments to your Alma Mater for a specified number of years, after which the assets are transferred back to you or your heirs. The Charitable Lead Trust allows you to pass assets on to your children and grandchildren with little or no estate tax.
Charitable Gift Annuities Planned gifts that pay
A Charitable Gift Annuity is a legal contract between you and your Alma Mater that allows for assets to be transferred to your Alma Mater. In exchange, your Alma Mater agrees to pay you a lifetime income. You get an immediate tax deduction and a portion of your annual income us tax exempt. Pay-out rates can be attractive and estate taxes and probate costs are eliminated. After your lifetime and/or that of a loved one, the remaining assets are distributed to your Alma Mater.
For more information contact your Alma Mater’s Office of Development and/or Alumni Giving.
[…] Consider Your Alma Mater in Your Estate Planning Think close to home and close to your heart. Planned gifts provide an individual with the opportunity to combine their personal charitable interests with long-range financial and estate planning. Making a charitable gift to your Alma Mater, be it your college or highschool, is a satisfying and fulfilling way for you to personally see the benefits of your philanthropic efforts. Charitable Remainder Trusts. In the right circumstances, this plan can increase your income, reduce your taxes, […]