Ways to Make a Planned Gift

Naming Thomas College in your will or living trust is a popular method of deferred giving.  A charitable bequest can be made in a specific dollar amount, by gifting ownership of a specific asset, or by allocating a percentage of the donor’s estate. 

Insurance Policies
You can make a substantial gift, at a relatively modest cost, by designating Thomas College as owner and beneficiary of a fully paid life insurance policy that is no longer needed to protect your heirs.   With any insurance policy gift, donors will receive a tax deduction for the cash surrender value of the policy in the year the gift was made. 

Retirement Plan Assets
Retirement Plan Assets such as your IRA or 401k make an excellent planned gift because such funds are severely taxed upon the death of the plan recipient, sometimes by as much as 60% of the plan.  Retirement Plan Assets gifted to the College will not be assessed estate or income taxes, providing the full value of the plan as a gift to help secure the future of Thomas College.

Real Estate
You may gift full or partial ownership in a real estate holding.  Property owned for more than a year can yield a tax deduction equal to appraised fair market value, up to 30% AGI carried forward for up to five years.  You also benefit by avoiding all capital gains taxes on gifted properties.  Property gifts are subject to gift acceptance policies and require Board approval.

Charitable Gift Annuity
Charitable Gift Annuities allow you to make a gift while benefiting from a fixed, guaranteed annual payment from the College for themselves (and an optional second beneficiary) for the remainder of your life.  You may also benefit from an immediate charitable deduction determined by the amount of the guaranteed income and the ages of the beneficiaries.  New Charitable Gift Annuities may be established with a minimum gift of $100,000.

Charitable Remainder Trust
A charitable remainder trust pays annual dividends to you, the donor, or another named beneficiary(s) for the beneficiary’s life or for a fixed time period, neither to exceed twenty (20) years.  The remainder of the trust is then transferred to the College.  Tax deductions are dependent on a number of variables and will be determined by your financial advisors and attorneys when the trust is first established.

Publicly Traded Stocks
Gifts of appreciated securities help you receive a double income tax benefit.  Stock gifts are deductible at full market value, up to 30% of AGI. And, like cash gifts, deduction amounts that exceed the annual limit can be carried forward for up to five years.  Also, by gifting appreciated securities, you avoid paying any capital gains tax.

For more information on these planned gift vehicles, or other ways to give to Thomas, contact the Advancement staff.


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