Planned Giving

What is Planned Giving?
Planned giving is a wonderful way that donors can make meaningful gifts to Ancilla College that will provide lasting benefits to both the donor and the College.

• Provide an income to the donor for their lives
• Reduce or eliminate capital gains taxes
• Generate a charitable income tax deduction
• Reduce or eliminate gift and estate taxes
• Provide a much larger gift to Ancilla College than was ever thought possible

Bequests
Bequests are an important part of Ancilla College's planned gift program. Many donors, after evaluating family and philanthropic goals, make bequests to Ancilla College to help support its many programs.

Life Income Gifts
Life Income Gifts benefit both Ancilla and the donor. Donors may receive numerous tax and financial benefits by creating a life income gift, such as a charitable gift annuity or charitable remainder trust. The donor makes an irrevocable contribution of assets to fund the trust or annuity, gets an immediate income tax deduction for part of the contribution's value, and receives income for life or a term of between 1 and 20 years. When the trust or annuity term ends, the remaining assets can be directed to support programs at Ancilla College.

Charitable Lead Trusts
Charitable Lead Trusts can make an agreed payment to Ancilla College for a specific term of years or for someone's life. Thereafter, the lead trust assets are either returned to the person who created the lead trust (this person also receives an income tax deduction when the trust is created) or passed on to children, grandchildren, or other loved ones (applicable estate or gift taxes on the value of the gift to the child or other heir are reduced or completely eliminated.)

Outright Gifts
Outright Gifts of assets other than cash and publicly traded securities can have differing tax consequences depending upon how long that asset has been held and whether it is related to the charitable purposes of Ancilla College. These questions should be evaluated prior to making the gift. The Institutional Advancement Office can help assess and direct a gift of tangible personal property, privately held securities, or real estate so that it meets your philanthropic goals.

Please contact the Institutional Advancement Office at 574-936-8898 ext. 355 or for more information email: .