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Tax Benefits

Think about your goals when deciding to make a current or future gift to Albion College

If your goal is to:	Then you can:	And your tax benefits will be:
Make a quick and easy gift	Simply write a check or use a credit card to make a gift now	An income tax deduction and an immediate impact at Albion College
Defer a gift until after your lifetime	Include a bequest in your Will (cash, specific property, or a percentage of the residue)	An estate tax deduction and the ability to keep assets for your benefit during your lifetime
Maximize your heirs' inheritance while benefiting Albion College	Name Albion College as the beneficiary of your retirement plan; leave other assets to family	Reduced estate and income tax for your heirs
Avoid tax on capital gains	Give Albion College appreciated stock or certain bonds that you have owned for at least one year	An income tax deduction and avoidance of capital gains tax
Make a large gift with little cost	Give Albion College a life insurance policy you no longer need	Current, and possible future, income tax deductions
Create a hedge against inflation over the long term	Establish a Charitable Remainder Unitrust (CRUT)	An immediate charitable deduction and a variable income stream for life
Reduce gift and estate taxes on assets you pass to your heirs	Create a Charitable Lead Trust that pays income to Albion College for a specific term of years	A gift or estate tax deduction, tax shelter protection for appreciated assets and retained ownership of assets
Secure a fixed income while avoiding market risks	Establish a Charitable Gift Annuity (CGA)	Tax benefits and often a higher rate of return than from existing investment vehicles
Avoid capital gains tax on the sale of a home or other real estate	Give all or an undiluted interest in the property to Albion College	An income tax deduction, plus the elimination of all or some capital gains tax
Share your enjoyment of a collection or other personal item	Donate tangible personal property related to Albion College's mission	A charitable deduction based on the appraised value of the item(s)
Create a charitable gift while continuing to enjoy your home	Give your personal residence or farm to Albion College while retaining life use	An immediate charitable deduction and a reduction in estate taxes – if applicable

If one or more of the strategies above interests you, we invite you to contact a member of the Development Office.