The 1854 Society acknowledges the thoughtful generosity of those benefactors who make St. Ursula Academy a beneficiary of a future gift. A planned gift of any size qualifies for membership in the 1854 Society. In addition to the powerful legacy you will be leaving at SUA, donors may also realize financial or tax benefits, such as increased income or reduced estate tax liability.
Planned Giving Options:
Bequest Through a Will
A bequest through a will is a common way that an individual commits to a future gift. When an immediate cash gift or pledge may not be possible or desirable, an individual may promise an estate gift of a percentage or a fixed amount to SUA. The bequest can be unrestricted, restricted in its purpose, or contingent.
Charitable Gift Annuity
A charitable gift annuity is designed to pay the donor a fixed income for life through a gift of cash or securities or, in some circumstances, real estate. The payout rate is determined by the age and number of beneficiaries at the time the irrevocable gift is made.
A gift of life insurance is an opportunity for a donor to name St. Ursula Academy as the owner and beneficiary of a new or existing policy, with the option of making an annual tax-deductible gift of the premium amount to SUA. The donor may also give a paid-up policy to SUA.
A gift of real estate with a retained life interest allows an individual to deed the property to St. Ursula Academy, while retaining the use of it throughout his or her lifetime. Tax deductions are available through this type of gift.
Several types of trusts in which a future gift is guaranteed to St. Ursula Academy are possible, and the donor receives an annual income from the assets used to fund the trust. The income lasts for the life of the donor and/or the life of another person, or for a certain period. After the trust term, the remainder of the trust’s assets are available for SUA’s use.
There are additional options that donors may consider as they evaluate their circumstances and intention for the present and future use of their assets. A simple consultation with your tax and or financial advisor can help you determine the best option for you and your family.
To learn more about any these programs, please contact Lindsay Jordan ’02, Director of Advancement, at (419) 329-2277 or firstname.lastname@example.org.