Over the years, the planned giving programs of Mount Aloysius College have enabled many donors to make significant gifts to the College in ways that have complemented their personal financial planning.
There are many ways to make a gift to Mount Aloysius College. Some have added benefits for the donor depending on age, type of assets contributed and the form of gift selected.
A gift to Mount Aloysius College can also bring financial benefits to you. Planned gifts can generate lifelong income; convert low-yielding assets into a higher income stream at a reduced capital gains cost; obtain significant income tax deductions; and reduce estate taxes.
Mount Aloysius College will honor your intentions to provide a charitable gift through your will to the College by offering recognition during your lifetime for the documented value of your bequest. Bequests may provide for a specific dollar amount of cash, certain securities, and specific articles of tangible personal property or as a percentage of the residual of an estate.
A donor may contribute to Mount Aloysius College a life insurance policy that is no longer needed for its original purpose. In order to gain the tax advantages and donor recognition the College must be named irrevocable owner and beneficiary of the policy.
The charitable gift annuity is a contract between the donor and Mount Aloysius College wherein the donor transfers cash or securities to the College and receives a lifetime annuity payment for one or more annuitants. The donor receives an income tax deduction based on the age(s) of the annuitant(s). A portion of each annuity payment is tax-free for a period of years (based on the donor's life expectancy). Donors can avoid immediate capital gains tax on the transfer of appreciated securities. Annuity payments can be deferred for up to five years.
A charitable remainder trust is an irrevocable trust, which pays income to the donor's designated beneficiary for life or a number of years based on the value of the property in the trust, with the remainder going to Mount Aloysius College. A charitable remainder unitrust provides a variable income based on a fixed percentage of the annual value of the trust, while a charitable remainder annuity trust pays a fixed income based on the initial value of the trust. These trusts are especially suitable for a donor who desires more flexibility than a charitable gift annuity affords.
A charitable lead trust is an irrevocable trust that allows the College to benefit first, because it receives the trust income during the term that the donor sets for the trust. At the end of the term, the designated beneficiary (who can be the donor or other family members) receives ownership of the trust property.
For more information about ways of giving to Mount Aloysius College, please contact the following people from the Office of Institutional Advancement:
John Anderson (Jack)
Vice President of Institutional Advancement