Planned Giving Brochure - Benedict College

Yes!I want to become a member of theBenedict College Heritage Society.BENEDICTCOLLEGEPlease send me information on aconfidential proposal regarding:CashAppreciated Stock or BondsBequestsCharitable Gift AnnuityLife InsuranceDeferred Gift AnnuityReal Estate GiftsCharitable Lead TrustPartnership InterestNameAddressCity State ZIPYour birth dateTelephone NumberEmail AddressPlease return to:Office of Institutional AdvancementBenedict College1600 Harden StreetColumbia, SC 29204803-705-4798BENEDICTCOLLEGEOffice of Institutional AdvancementBenedict College1600 Harden StreetColumbia, SC 29204Mr. and Mrs. Jimmy DurantClass of 1973Planned GivingCREATE YOUR LEGACY TODAY!“Education is the key that has unlocked thedoors of opportunity for many people. Weare so grateful that someone felt a need togive so we could have a chance to pursue ourdreams. Without their sacrifices, it wouldhave been impossible. We have received, sonow we feel the need to give back.”

Dear Alumniand Friends:We have designed thisbrochure to assist you increating a philanthropicstrategy – tailored to meet your unique financial needs – thatcan provide gift plans that benefit you and Benedict College.Although a gift of cash is always welcomed, there are manyother forms of giving. The information that follows, introducesthe concept of planned giving.You can become a member of our Heritage Society by makinga charitable gift to Benedict College, a gift that requiresconsideration and planning in light of your overall estateplan. Such gifts usually include legal documents and oftenrequire the assistance of a qualified professional advisor tocomplete. Because of the size and potential impact of suchgifts, consultation with your professional advisors is encouragedbefore making your gift. For your convenience, this literaturedescribes a few exciting and generous examples of planned giftsthat can be made to Benedict College.Planned gifts are usually deferred, meaning they are arrangednow and fulfilled later. For example, a person could include aprovision in his or her will to make a bequest to acharitable organization. That arrangement wouldbe a “planned” gift.This may be the first time you have heard theterms, “planned giving” or “deferred giving” orcharitable gift planning.” As you explore thisbrochure and complete research on yourown, your familiarity with these terms andconcepts will grow quickly. In fact, you justmay find yourself wanting to know moreand, we hope, making a planned gift toBenedict College.Thank you for your interest in planned givingand continued support of Benedict College.Best wishes,David H. Swinton, Ph.D.PresidentJoin the Heritage Society Today!create extraordinary opportunitiesCash:Use cash to maximize your deduction and minimize the giftdetails. Claim your deduction against a larger portion of youradjusted gross income, and make an immediate, positiveimpact on Benedict College.Appreciated Stock or Bonds:Afford a larger gift to Benedict College and avoid capital gainsliability. Give appreciated stock or bonds held more than oneyear. Buy low and give high – make a gift that costs you lessthan the benefit it delivers to Benedict College, while avoidingcapital gains tax.Bequests:Make a gift for Benedict College’s future that doesn’t affectyour cash flow or portfolio now. Add a bequest to your will(cash, specific property, or a share of the estate residue).Today – a gift that costs you and your family nothing.Tomorrow – an estate tax deduction.Charitable GiftAnnuity:Retain income benefitsfrom the assets you give toBenedict College– and thusafford a larger gift. Createa charitable gift annuityor a charitable remainderannuity trust or uni-trust.Receive income for yourlifetime; receive a charitablededuction and diversify yourholdings. Reduce high taxliability now; gain additionalincome later.BENEDICTCOLLEGELife Insurance:Create a new life insurance policy or donate a paid-up policywhose coverage you no longer need. This will increase yourability to make a significant gift to Benedict College.Deferred Gift Annuity:Establish a deferred gift annuity, take a larger deduction, at ahigher income rate than other life-income gifts offer. Donateone of the most valuable assets in your portfolio to make a giftto Benedict College.Real Estate Gifts:Make a gift of real estate to Benedict College and avoid capitalgains tax. Receive an income tax deduction – and have theoption of a gift that doesn’t affect your lifestyle.Charitable Lead Trust:Reduce gift and estate taxes and control the timing of passingassets to your children and grandchildren. Create a charitablelead trust to support Benedict College for a fixed, finite periodwith the principal going to your heirs. Reduce gift and estatetaxes, and freeze the taxable value of growing assets beforethey pass to your family.Partnership Interest:Avoid capital gains liability on the transfer of a business orpartnership interest. Contribute the partnership interest orclosely-held stock to Benedict College and avoid capital gainsliability. Receive an income tax deduction, and utilize a giftasset you may have overlooked.Heritage Society Members Receive:• Special Lapel Pin• Reception for gifts valued• Special recognition in College publications