Planning Giving

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.
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
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.

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.

We advise you to discuss any major financial decisions and planned gifts with your attorney and/or financial advisor