Giving to Albertus Through a Planned Gift
The Prospect Hill Society
Planned gifts are just that: gifts that are
made when planning for your future. These
charitable gifts allow you to strengthen
the future of Albertus Magnus College while
possibly providing increased income and tax
savings at the present time.
The Prospect Hill Society recognizes and thanks
alumni and friends who have included Albertus
in their estate planning. Although planned
gifts support the future of Albertus, the College
would like to know of the existence of these
gifts now so we can take the opportunity to
thank our alumni and friends for their generosity.
There are many types
of planned gifts. |
Albertus has been a part of your
life in some way – you have graduated,
or maybe you have a child attending, or perhaps
you just admire the good reputation you have
heard. In any of those cases, you want to
give back in some way.
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Planned
gifts such as bequests, trusts and charitable
gift annuities are a wonderful way to leave
a legacy at Albertus.
The Prospect Hill Society recognizes alumni and friends who have remembered Albertus
in their estate plans.
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Charitable Bequests
- This is a gift made to Albertus in your
will by designating the College as a beneficiary
of a specific dollar amount or a percentage
of your estate.
- These gifts are for the future use of
the College, so your bequest benefits Albertus
most if it is designated for the College's
general use.
- If you wish to designate your gift for
a specific purpose, such as a scholarship
fund in memory of a loved one, please note
that new endowment funds require a minimum
of $50,000 to be established.
How does it work?
- You include a charitable
bequest in your will
- Your will directs assets
to your loved ones as well
as a bequest to Albertus, respectful
of your specifications
Charitable Annuity Trust
- This can be set up with gifts of cash,
stocks, bonds, mutual fund shares or real
estate.
- Benefits to you include receiving a steady
income and certain tax incentives.
How does it work?
- You place a gift in a trust with
guidelines you specify
- The trust pays you a fixed amount for
a specific number of years or for life,
or for the life of a loved one
- The assets pass to Albertus when the
trust ends
Charitable Remainder Unitrust
- This is a flexible plan allowing you to
receive immediate income tax deduction.
- As your circumstances change, so may your
gift.
How does it work?
- You put cash or other securities
into a trust
- The trust pays you or your beneficiaries
a percentage based on the value of the
assets, whether they increase or decrease
annually
- The assets pass to Albertus when the
trust ends
Charitable Lead Trust
- This is the opposite of the Charitable
Remainder Trust.
- Benefits include transferring assets to
your heirs and maximizing tax savings.
How does it work?
- You place a gift in a “lead” trust
- The trust makes payments
to Albertus for a specific
period of time
- When the trust ends, remaining
assets go to you or your loved
ones
Retirement Plan
- You name Albertus as a beneficiary of
your IRA, 401k, etc.
- Anything remaining in your plan upon your
passing is transferred to Albertus
- Under the new Pension Protection Act, if
you are 70 ½ or older, you may direct
lifetime distributions from your IRA to Albertus
without tax liability.
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We advise you to discuss any major
financial decisions and planned gifts with
your attorney and/or financial advisor
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For more information about planned giving
at Albertus, please contact:
The Office of Institutional Advancement
203-773-8502
alumni@albertus.edu
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Learn more about the Pension Protection
Act:
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