09 autumn reporter 1-20 - Franklin College

Check this out
Personal checks featuring the
Franklin College name and Old Main
bell tower are available through banks
that use Deluxe Corp. printing services.
Choose blue, yellow or green safety
paper, and specify cut number 81692
for the Franklin College design. Be sure
to ask about availability at your bank.
Additional ordering information is
available at www.deluxe.com or
(800) 335-8931.
Hit the road with
school spirit
Franklin College license plates
provide great visibility for our
institution, support the student
scholarship fund and identify you as a
proud member of the Franklin family.
To purchase or renew a plate, you
must be an Indiana resident and make
a tax-deductible contribution of $25 per
plate to the college. Alumni, students,
parents, employees and friends are all
encouraged to show their school spirit
with a college plate.
The license plate form is quick and
easy. View instructions and download a
form at www.franklincollege.edu in the
“Alumni and Friends” section or call
(317) 738-8050 to request a form.
Let’s see how many Franklin
College plates we can put on Indiana’s
roadways!
Ask the Planned Giving Guy
Q: What kind of assets can I use to establish a
planned gift?
PGG: The three most popular assets for setting up your planned
gift are cash, securities (such as publicly traded stock,
bonds or mutual fund shares) or real estate. Two great
assets that many people overlook when establishing
planned gifts are retirement plans and life insurance
policies. You can direct a charitable distribution from the
balance remaining in your retirement plan (IRA, 401(k),
Keough, etc.) after your lifetime, or gift a paid-up life
insurance policy, or you can make Franklin College the
owner and beneficiary of a new life insurance policy.
Q: My elderly parents could use some additional income. Can I use a planned gift to
provide additional income for them?
PGG: Yes. A gift annuity is an excellent plan to create additional income to meet the needs of a
family member. The beneficiary of a gift annuity need not be the donor. You may name
anyone (parent, sibling, friend or employee) as the beneficiary of a gift annuity.
You may be caring for a parent or relative with after-tax dollars. It may be more
advantageous to transfer some cash or property to a gift annuity and have the annuity
payments made directly to the parent. The income will be taxed in the parent’s lower tax
bracket, but you, the donor, receive a current income tax deduction that reduces your income
tax liability. The age of the annuity payment recipient, rather than the age of the
donor, determines the annuity rate, tax deduction and tax-free amount of the annuity
payments.
Q: I am not rich. Are planned gifts really meant for me?
PGG: Many people are surprised by what they do own. Wealth is not necessarily measured by what is
in one’s bank account. One may live in a very modest home but own land, stocks, tangible
property, collectibles, art, life insurance policies, etc. Each of these assets may be a way for you
to make a significant charitable gift and realize tax savings. You may also benefit from the
additional income generated by certain types of planned gifts such as a charitable gift annuity.
The minimum amount needed to establish a Franklin College gift annuity is $5,000.
The additional income from this type of gift could provide extra financial security needed
for an enjoyable retirement.
Have another question? Phone or e-mail the Planned Giving Guy, Paul A.
Beczkiewicz, director of advancement and planned giving, at (317) 738-8045 or
pbeczkiewicz@franklincollege.edu.
70 FRANKLIN REPORTER WWW.FRANKLINCOLLEGE.EDU