Planned Giving
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Below is a brief introduction to several types of planned giving. You may want to investigate one or more that could help both Wesleyan and you. Wills, Living Trusts, and Retirement Plans Planned giving through one of these methods can enable you to make a gift to Wesleyan that is larger than anything you could imagine giving during your lifetime. Gifts made through wills, living trusts, or retirement plans provide several advantages, including the opportunity to alter specific plans over the years. Gift Annuities With a Charitable Gift Annuity, you may transfer assets to Wesleyan and in return receive a lifetime income. You receive an income tax deduction and possibly other tax breaks. A Deferred Gift Annuity can provide you the same benefits, plus you may select a future date to begin receiving income payments. Trusts A common misconception is that trusts are used only by the wealthy to manage complex financial situations. In reality, most trusts are created by people of moderate means. Charitable trusts can combine charitable giving with other financial goals. As a donor, you can place assets in a trust that will pay income to you or someone else for a time that you specify. When the term of the trust ends, some or all of the assets remaining can become a gift to Wesleyan. Life Insurance You may designate Wesleyan as the beneficiary of a new or existing life insurance policy. This is a low-cost way to make a significant gift to the College. Also, you may be eligible for a tax deduction for the policy premium payments. Real Estate Real estate—such as a residence, vacation home, farm, business property, or undeveloped land—can be donated as a gift to the College, even while you continue to live in or use the property, and even if the real estate is mortgaged. Regardless of whether the value of property has increased or decreased, a gift of real estate can offer advantages. Stock and/or Securities Gifts of appreciated stock may keep you from losing part of your earnings to taxes and also may qualify you for a charitable tax deduction equal to the total market value of your securities. Click here (requires Acrobat Reader) for some sample planned giving language that is commonly used. To learn more about making a planned gift to NCWC, call the Office of Development at 252-985-5266. Your inquiry will remain confidential. |
Last modified by webmaster@ncwc.edu on
04/14/05 |
Donors who formally make planned gifts to NCWC are
recognized as members of the College’s Heritage Society. Planned giving provides a variety of tax advantages
as an incentive. Some methods of giving also can provide additional lifetime
income and also allow donors to make much larger gifts to charitable
organizations such at NCWC.