Charitable gift planning affords you opportunities to have an outsized impact on the causes that matter most to you with the possibility of reducing or eliminating current and future tax liabilities, creating income for you or your loved ones, and preserving wealth for future generations of your family.
Recent and pending changes to the tax code (Tax Cut and Jobs Act, CARES Act, CAA, and BBB) contain provisions incentivizing you to plan how, what, and when you give to charity. If you have recently experienced or are anticipating changes in your personal life or business, we encourage you to partner with us to ensure you're taking full advantage of these incentives.
Holy Cross' Office of Gift Planning is a ready resource for you and your advisors. We welcome you to have a confidential, no-obligation conversation to align your personal financial situation with your philanthropic goals.
A planned gift is a powerful expression of your faith in the future of the College, and allows you to make charitable gifts, continue to meet your current income needs, and take advantage of current tax incentives.
This site is designed to make it easy for you to get the information you need when considering a planned gift. You will also find information to share with your financial advisor and estate planner. When you are ready, you can use this site to reach out to us to share your plans, let us know what you are considering, or just to start a confidential, no obligation conversation about what's possible.
College of the Holy Cross alumni, parents, and friends who support the College by including Holy Cross in their estate plans are welcomed into The 1843 Legacy Society.The society was created to honor the spirit of philanthropy that has nurtured and sustained Holy Cross for more than 170 years.
Planned gifts combine to further the College's ability to help support and affirm the Jesuit, Catholic mission and have allowed Holy Cross to grow and flourish through the years, generation after generation.
The easy way to become a member of The 1843 Legacy Society is to name College of the Holy Cross as a beneficiary of your retirement account or as a beneficiary in your will or trust. The sample bequest language found below will help you complete your plans.
Other planned gifts might include charitable income gifts, such as charitable gift annuities, charitable remainder unitrusts, or gifts of life insurance. If you've included Holy Cross in your charitable plans or intend to do so, please let us know. Sharing your intentions allows us to help you choose the gift that's right for you, and better plan for Holy Cross's future.
Naming College of the Holy Cross as the beneficiary of a retirement plan asset such as an IRA, 401(k), or 403(b) will accomplish a charitable goal while realizing a significant tax savings.
Through a provision in your written and executed will or living trust you can make a gift to the College in the form of cash, securities, real estate or personal property. There are many types of bequests. Consult with your attorney to choose the one that best fits your needs and intentions.
You can turn under-performing assets (cash, stock, CDs, savings bonds, etc.) into a gift to College of the Holy Cross that provides income to you or you and a loved one. Your College of the Holy Cross Charitable Gift Annuity will return fixed, quarterly payments for life and provide tax benefits, too.
When you donate appreciated stocks, bonds, or mutual fund shares instead of cash, your gift costs you less than the amount the College receives. You'll get a charitable deduction for the full amount of your gift and avoid the impact of capital gains taxes.
If you're 70 ½ or older, each year, you can instruct your IRA administrator to transfer all or part of your required minimum distribution (up to $100,000) directly to College of the Holy Cross and avoid paying the tax had you taken it as income.
Like stock, the fair market value of gifts of appreciated assets such as real estate, artwork, and other well-curated collections can be deducted from your income tax today, avoid capital gains, and reduce estate taxes in the future. There are even ways to donate your home and live there as long as you'd like.
Name College of the Holy Cross as a beneficiary of your donor advised fund. Designate the College
to receive all or a portion of the balance of your fund through your fund administrator (you can also make a grant to us at any time from your donor advised fund). The balance in your fund passes to College of the Holy Cross when the fund terminates.
Charitable Remainder Trusts provide you income from an asset that then passes to the College as a gift. Charitable Lead Trusts provide income to College of the Holy Cross before the asset passes to your heirs. For the savvy donor, charitable trusts can provide tax-advantaged income, eliminate capital gains, or preserve assets for your heirs.
Name College of the Holy Cross as the beneficiary of an existing life insurance policy; donate an existing, paid-up life insurance policy you no longer need; or purchase a new life insurance policy and name the College as the owner and beneficiary.
Discussing your charitable intentions with us can lead to a much better result than going it alone - and will ensure that your gift is used just as you wish. Act now to be a good steward of the resources you intend to leave behind. You can use my contact info below, or submit this form to get more information.
Director of Gift Planning