The future - Special ways to make a difference
Donor recognition
Gift levels
Martin of Tours Society
Legacy Society
Planned gifts
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:
Katie Wojke
Assistant vice president
Office of Institutional Advancement
800-220-7722 or 360-438-4366