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Planned or "deferred" gifts can take many forms, but the four most common
are: Charitable Trusts, Charitable Gift Annuities, Bequests, and gifts of
Life Insurance. The first two of these pay lifetime income to the donor(s).
Charitable Trusts
| Receive good lifetime income
and help Saint Martin's at the same time! Trusts are best funded
with highly appreciated assets, like stock or real estate. In
addition to annual income (for one or two lives), you avoid
capital gain tax and receive a substantial income tax deduction.
One type of trust (a unitrust) offers the potential for
increasingly higher annual payouts as the value of its principal
grows. The minimum trust gift is $50,000. |
David & Sharon Cammarano, right, with Gary Mulhall outside a
6-plex in Olympia they gave to create a charitable trust. |
Charitable Gift
Annuities
| For a gift of $10,000 or more, Saint
Martin's will pay you (and another, if you choose) a fixed
annuity for the rest of your life, plus you receive a
significant income tax deduction. These are funded with
cash or stock. Payout rates are set by age, and for some donors
are much better than certificates of deposit. Also, part of each
payment from the annuity is a tax-free return of principal. |
Saint Martin's Students are the ultimate beneficiaries of "planned
gifts". |
Bequests (by will)
A gift by will is easy and can really make a difference to the University
upon your death. It's best to leave a percentage of your estate, rather than
a specific sum of money, because inflation can erode the value of a fixed
sum over time. One excellent way to give by will is to designate the
University as a beneficiary of IRA assets. Let us know if you include
the University in your will. We want to welcome you as a member of the
Martin of Tours Legacy Society.
Life
Insurance Gifts
You can choose to make Saint Martin's University the owner and
beneficiary of the policy, take a significant tax deduction for
a portion of the current cash value and continue to pay the
premiums which then become tax deductible as well. This strategy
could have significant tax advantages for you now and for your
estate. The same can work for new policies.
For more information on Planned Gifts,
please contact:
Gary Mulhall, Director of Planned
Giving
Office of Institutional Advancement: 800-220-7722 or (360) 438-4366 |
