Palmer College of Chiropractic

Development

Palmer College Planned Giving
 

How does the Planned Giving division of the Development Office benefit PCC Alumni?

• By educating, encouraging, and assisting our alumni with their personal Estate Planning, we are helping to assure that your estate is passed to your heirs in the most efficient way possible.
• We assist in helping alumni who want to give something back to their Alma Mater and make major gifts to the endowment of Palmer College that are beneficial to both Palmer College and the donor. Gifting through Trusts and Annuities can provide lifetime income and tax advantages to the donor, and later provide perpetual support for Palmer College. Gifting highly appreciated assets, such as stocks, bonds, and real estate will help the donor avoid paying taxes on the capital gains.
• Estate Planning seminars provided by Palmer College educate our alumni on the importance of correctly preserving and passing their estates on to their heirs.
• Quarterly newsletters provide information on different aspects of gifting and estate planning.

Types of Planned Giving Tools

Charitable Remainder Unitrust:
The donor receives income from the gift for as long as he or she is living. Emphasis on charitable deduction or amount of income will vary the percentage of income. The amount of income is a fixed percentage of the fair market value, determined annually, of the fund value. Gifts funded with appreciated assets enable the donor to avoid the capital gains tax from the sale of the asset. The trust assets become a gift to the charity after the death of the donors.

Charitable Remainder Annuity Trust:
Donors and spouse may receive a lifetime fixed income from the fund. Gifts funded with appreciated assets avoid capital gains tax. A portion of the assets gifted to the trust is an income tax deduction.

Charitable Gift Annuity:
Donors establish the annuity with a gift of cash or property and receive a lifetime income as long as either donor is living. Tax benefits in the form of a contribution deduction benefit the donor in the year of the gift. A portion of the income from the annuity is also nontaxable.

Deferred Gift Annuity:
It is possible to defer income from the annuity for a number of years. Different rules and conditions apply. Benefits to the donor can be higher interest rates on the income and larger income tax savings from an increased contribution deduction.

Gifts By Will:
Bequesting a gift to Palmer College as a percentage or designated amount of your estate through your Will.

Chiropractic Tax and Financial Planning Ideas Newsletter:
Did you know that, "Your Will is the foundation of your estate plan." Or that "The outcome of your estate plan depends on your personal wishes, the size of your estate and the changing impact of tax laws." We all have the capability of planning our own estates. Don't leave it for someone else to decide for you. Palmer College is able to provide you with information regarding your Estate Planning.

Call (800) 722-2586, Ext. 3, Ext. 2, for information regarding Wills, Trusts, Annuities and Estate Planning Seminars.

Stocks And Bonds:
Gifts to Palmer College of Chiropractic in the form of stocks or bonds can have extra tax advantages. The gift of highly appreciated stocks and bonds, that have been held for at least one year, can help donors avoid paying income tax on the capital gains. The full value of the gift amount will pay an annual income to the donor since the charity does not pay tax on the sale of the stocks or bonds.

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