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.