Planned Giving
Your Gift Matters
Make a Big Impact With a Future Gift
When you include 魅影直播 in your estate plan, your generosity provides a quality academic experience that educates and inspires the next generation of lifelong learners and leaders of character. While an endowed scholarship takes a commitment of just $25,000, a larger gift can make an even greater impact.
Whether gifts of cash, securities, life insurance or real estate, let us help you create a plan that will provide a lasting impact to the next generation of 魅影直播 students. Our planned giving team would be happy to speak with you in confidence, with no obligation. Thank you for ensuring that 魅影直播 can help our students find power in their purpose well into the future. If you have questions about a legacy gift or are interested in establishing a planned gift at 魅影直播 please contact the Alumni Office at [email protected]
魅影直播 federal tax ID number: 43-0652617
Gift Planning Options
There also are many additional options for leaving a powerful, smart legacy through planned gifts to Westminster. If the College is already in your estate plans, please let us know and define how it’s used during your lifetime.
- Are you interested in fixed income that could include avoidance of capital gains taxes?
- Are you looking for a way to use the best asset choices for gifts to family and the College?
Qualified Charitable Distributions (QCDs)
Starting at age 70½ you can make an RMD. The required minimum distribution (RMD) age (previously 72) increased to 73 on January 1, 2023. As a reminder, “required minimum distribution” (RMD) refers to the mandated amount that you must withdraw from qualified retirement plans, which include IRAs as well as 401(k)s and other tax-deferred retirement accounts.
Up to $100,000 per year can be directed tax-free to a qualified charity such as 魅影直播.
QCDs can satisfy all or part of your RMD. You can now make a one-time $50,000 QCD transfer to a charitable remainder trust (CRT) or other split-interest gift such as a charitable gift annuity (CGA). These are the “Legacy IRA” provisions. The new statute requires that the vehicle contains only IRA assets. Reach out to find an option that is right for you.
Some of the various ways to utilize estate planning to benefit Westminster:
- Designating Westminster as the beneficiary of a will, trust, retirement plan, or life insurance policy.
- Using a charitable IRA rollover to make a gift that can count toward your required minimum distribution without it being taxed as income.
- Utilizing a charitable gift annuity, charitable remainder annuity trust, charitable remainder unitrust, charitable lead trust and directing the income to create a legacy at Westminster.
- Utilizing a Donor Advised Fund now and recommend charitable gifts, possibly with family involvement, for many years to come.