For further information about
leaving a bequest to Maryville University, such as designating
your bequest for a restricted purpose or providing income to a
loved one, please contact:
Planned Giving and Development Office
at (314) 529-9643 or (800) 627-9855, Ext. 9343
You should consult your own
professional advisors before making a charitable gift.
Charitable Gift Annuity
You can receive a guaranteed annual annuity for the rest of
your life when you create a Maryville University Charitable Gift
Annuity with cash or long-term appreciated securities. Such a
life income arrangement is a simple contract between you and
Maryville University, and it obligates Maryville to provide you
a guaranteed fixed annuity for the rest of your life. You can
also name another person, such as your spouse, to be an annuity
beneficiary.
The rate of return is based on your age at the time you
establish the gift annuity. The older you are when you establish
the gift annuity, the higher the rate of return Maryville will
provide you.
A portion of the annuity payments you receive will be tax-free
for the period of time that is considered to be your life
expectancy.
When you establish a gift annuity, you can take an immediate
income tax charitable deduction.
How a Maryville University Charitable Gift Annuity Works:
Mary Katherine O’Malley, age 70, establishes a Maryville gift
annuity with a cash gift of $10,000. Mary Katherine will receive
$650 for the rest of her life. Of this amount she receives, $421
will be tax-free for the first 15.9 years. Mary Katherine is
entitled to an income tax charitable deduction of $3,300.
The minimum amount required
for a Maryville University Charitable Gift Annuity is $5,000.
Maryville University also offers deferred-payment gift annuities
that can provide an immediate income tax charitable deduction
while deferring the annuity payments for at least one year. The
minimum amount required for a deferred annuity is $5,000.
To request a gift annuity illustration for your own charitable
planning purposes, please contact:
Planned Giving and Development Office
at (314) 529-9343 or (800) 627-9855, Ext. 9343
You should consult your own
professional advisors before making a charitable gift.
Charitable Trusts
Charitable trust arrangements come in two forms –
“remainder” and “lead”. A charitable remainder trust can provide
income to one or more persons for life, for a period of years
(not to exceed 20 years), or a combination of the two. The
income provided can either be variable (unitrust) or fixed
(annuity trust). The IRS requires that the income recipient(s)
receive at least 5% of the initial gift value. Often times the
income received from a charitable remainder trust is sizeable as
compared to income received from money market funds, CDs and
dividends. A charitable remainder trust can provide very
attractive tax benefits – income, capital gain and estate.
Additional contributions can be made to a unitrust, and the
unitrust can provide the opportunity to defer income for a
period of time or until a certain event occurs. Both the
charitable remainder unitrust and the charitable remainder
annuity trust can be created during life or through one’s estate
plan. When the charitable remainder trust terminates the
residuum passes to Maryville University to be used for the
purpose the donor designated in the trust agreement.
A charitable lead trust can provide a donor
with the opportunity to provide income to Maryville University
for a period of time, with the principal (and any appreciation)
returning to the donor or passing on to loved ones. A charitable
lead trust can either be a unitrust or an annuity trust. If the
principal returns to the donor (grantor charitable lead trust),
the donor will receive an income tax charitable deduction in the
year the charitable lead trust is created, but the donor will be
taxed on the income coming to Maryville. When the principal
passes to loved ones (non-grantor charitable lead trust), the
donor will be entitled to sizeable gift/estate tax benefits, and
the payments to Maryville University will not be taxed to the
donor. Charitable lead trusts can be created during life or
through one’s estate plan.
For further information about
a charitable trust arrangement for
Maryville University, you or your advisor are invited to
contact:
Planned Giving and Development Office
at (314) 529-9343 or (800) 627-9855, Ext. 9343
You should consult your own
professional advisors before making a charitable gift.
Remainder Interest in House, Vacation
Property or Farm
Another planned gift arrangement that can be very attractive
for an individual or couple is the irrevocable transfer of their
residence or farm to Maryville University while retaining the
lifetime right to remain living in the residence or operating
the farm. Such a gift can provide the donor(s) with an income
tax charitable deduction for the present value of the remainder
interest in the residence or farm while providing them with the
enjoyment of such an asset for lifetime. If the residence or
farm is generating income the donor(s) will continue to receive
the income from the property. Upon the passing of the donor, or
the surviving donor if it is a couple, the real property will
most likely be sold and the proceeds will be used by Maryville
University for the purpose stipulated in the agreement when the
gift was made. Any increase in the appreciation of the property
will be free of capital gain tax liability.
For further information about
a gift of a personal residence, vacation home
or farm property to Maryville University, please contact:
Planned Giving and Development Office
at (314) 529-9343 or (800) 627-9855, Ext. 9343
You should consult your own
professional advisors before making a charitable gift.
Charitable Gift of Qualified Retirement Plan
Assets
Such an asset can make a wonderful testamentary gift to
Maryville University. Retirement plans can produce income in
respect of decedent (IRD) issues when left to individual heirs,
other than a spouse. Retirement plans are subject to both estate
taxation, at the decedent’s estate tax bracket, and income
taxation, at the heir’s income tax bracket. As a result, a
substantial portion of the retirement plan assets can be
diminished before being received by the heir. When retirement
plans are left to Maryville University, Maryville will receive
the full amount because it is a tax-exempt entity. Non-IRD
assets, such as long-term appreciated securities or real estate,
can be left to individual heirs without any income tax issues,
and the heirs will receive the non-IRD assets with a stepped-up
basis. Retirement plans can also be used to fund a testamentary
Maryville University Charitable Gift Annuity or a testamentary
charitable remainder trust for Maryville University.
For further information about
a charitable gift of retirement plan assets
to Maryville University, please contact:
Planned Giving and Development Office
at (314) 529-9343 or (800) 627-9855, Ext. 9343
You should consult your own
professional advisors before making a charitable gift.
Charitable Gift of Life Insurance
Maryville University can be named the primary or secondary
beneficiary of one’s life insurance policy. Whatever amount is
received by Maryville will qualify for an estate tax charitable
deduction. If the donor irrevocably transfers ownership of the
policy to Maryville University, that person will be entitled to
an income tax charitable deduction for the lesser of the
policy’s fair market value or the net premiums paid.
Life insurance can also be very instrumental
in replacing the value of assets used to make a charitable gift.
Often times the savings generated by the income tax charitable
deduction for the gift will be used to purchase a life insurance
policy on the life of the donor(s). When placed in an
irrevocable trust, the value of the policy can pass tax-free to
heirs.
For further information about
a charitable gift of life insurance
to Maryville University, please contact:
Planned Giving and Development Office
at (314) 529-9343 or (800) 627-9855, Ext. 9343
You should consult your own
professional advisors before making a charitable gift.
Mouton
Society
Since 1872, the philanthropic spirit of alumni and friends
has blessed Maryville University. Planned gifts, such as
bequests and charitable gift annuities have had, and will
continue to have, a major impact on the future of the
University. The Mouton Society, formerly known as the Legacy
Society, recognizes the importance of planned gifts to Maryville
University. Marie Odeide Mouton, R.S.C.J., Class of 1935, was
the President of Maryville from 1937 to 1956, and was a pioneer
in the field of education who achieved national prominence.
