The College needs
a strong base of future gift commitments to sustain its level of
success. Deferred, or planned, giving also gives those who hold Centre
dear the assurance that the College will continue its valuable work
well into the future.
Methods of deferred giving allow donors to make significant contributions
now without sacrificing their current standard of living; sometimes
their standard of living can even be enhanced. Considering the tax
and income benefits of some life income gift plans, many donors can
make larger gift commitments to Centre than they would have dreamed
possible, often without reducing assets available to pass to their
heirs.
The gift to Centre need not be deferred, though. Certain methods
of giving, particularly charitable trusts, allow a donor to make
significant gifts to charity up front, with the remainder paid out
to the donor or to the donor’s heirs. During times of low interest
rates, it is even more advantageous to utilize charitable lead trusts
to provide current support to Centre and future support to children
or grandchildren. This allows someone, for example, to use a family
business or similar asset to create an endowed scholarship or professorship
for Centre during the campaign and, then, pass the assets to heirs
at a significant savings of gift and estate taxes. |
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Deferred Giving Naming Opportunities
Endowed funds can be established by means of a deferred gift, providing
an opportunity for donors to structure long-term gifts in ways that
are beneficial both to the donor and to Centre. Such gifts can name
one or more of the following campaign priorities:
•
Named endowed scholarship
• Named endowed faculty chair
• Named endowed professorship
• Named endowment for a New Horizons Fund initiative
• Unrestricted (area of greatest need) |
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