Communities Deferred Gifts
Planned giving is a way to include charitable giving in your overall financial plan and is usually deferred, meaning the gift is created now and fulfilled later. Certain planned gift arrangements offer an opportunity to diversify holdings or turn highly appreciated assets into gifts, often ones that provide income during your lifetime. With careful planning today, you may reduce or eliminate estate, inheritance, or gift taxes, allowing your family to receive the full benefits of your life's work. Often these tax advantages allow you to make a greater gift than you otherwise thought possible, while also benefiting your family and heirs, and Marlboro College.
A bequest to Marlboro in your will is the most common planned gift. Bequests are the simplest way to make significant gifts to both Marlboro and members of your family, while retaining control of your assets. We can work with you and your attorney to determine what assets might come to the college from your estate and, with documentation of an irrevocable bequest, we will recognize your support of Marlboro in your lifetime. A bequest can be unrestricted, or can be restricted to a specific purpose, for example, to establish a scholarship fund or endow a curricular area.
Naming Marlboro as the owner and irrevocable beneficiary of a paid-up whole or variable life insurance policy gives an immediate charitable deduction for income tax purposes equal to the fair market value of the policy.
If you have an IRA or are part of a Keogh or qualified pension or profit-sharing plan, you can name Marlboro College as the beneficiary of any funds not used in your lifetime. You retain complete access to the funds to ensure a comfortable retirement. When the assets pass to the college, your estate is relieved of significant estate or income taxes.