Planned Giving Frequently Asked Questions
What are the benefits of making a planned gift to Chatham University?
Planned giving offers many advantages for you financially, and otherwise. A planned gift can:
- Make a significant impact on the future of Chatham University
- Pay life-long income, or income for a period of years
- Reduce or eliminate capital gains on contributions of appreciated assets
- Generate substantial federal income tax deductions
- Eliminate or reduce federal estate taxes
- Produce higher current income than low yielding stocks, bonds, or real estate
- Provide returns based upon the full fair market value of appreciated assets without reduction by capital gains taxes
- Complement retirement and financial planning
- Establish a generous charitable contribution
- Be utilized in family business planning
How do I choose the right gift for me?
We start by looking at your personal financial goals. Then, consider your options and the potential benefits of each type of planned gift. You may want:
- to make a gift and obtain current income tax deductions,
- to make a gift that pays income for life,
- to make a gift and reduce your taxable estate,
- to make a gift to Chatham for a period of years, and then pass the assets to your heirs at substantially reduced estate and gift taxes, or
- to make a gift to Chatham and still provide for your heirs.
After consulting with your financial advisor or attorney, representatives from the College would welcome the opportunity to work with you.
What is the minimum donation required to establish a planned gift?
That depends on the type of planned gift. Here are some guidelines:
- a bequest: any amount
- a charitable gift annuity or deferred annuity: at least $10,000
- a trust, such as a charitable remainder unitrust or annuity trust: at least $50,000
- retirement funds: any amount
- insurance: any amount
How do I join The Dilworth Society?
If you have included Chatham University in your estate planning, please forward a copy of the relevant page from your current will, annuity or trust agreement, or any other pertinent information regarding your gift to Samantha M. Swift, director of Development and Planned Giving, Beatty House, Woodland Road, Pittsburgh, PA 15232, fax 412.365.1610.
|
