Types of Planned Giving Tools

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Listed below are some of the more common tools used in making a planned gift. Other tools are available to assist in tailoring your gift to meet your specific circumstances. Please contact a qualified financial advisor or development@palmer.edu, CFRE, in the Advancement Office for further assistance.

Gifts of Cash or Services:

The easiest way to give to Palmer College is with a gift of cash, marketable stocks or bonds. If your securities have been owned for longer than one year and have appreciated in value, gifting them to Palmer College allows you to avoid the capital gains tax on those assets.

Wills or Bequests:

You can remember Palmer College by making a gift through your will or a revocable living trust. Your gift can be given as a specific amount, a percentage or the residue of your estate.

The following sample bequest provisions may be helpful for your attorney in drafting will provisions.

"I give, devise and bequeath to Palmer College Foundation, doing business as Palmer College of Chiropractic, an Iowa non-profit corporation which is a public educational tax exempt charity under the Internal Revenue Code, Federal Tax ID # 42-6081293, and which is located in Davenport, Iowa, (Choose one or more of the following)

the sum of $ [ amount here ] AND/OR

all of my interest in the following described property:_____________ AND/OR

[ percent here ] % of the residue of my estate.

For bequests to the permanent endowment, please add: "This gift shall be added to the permanent endowment."

Retirement Plan Assets:

Charities, such as Palmer College, may be named as beneficiaries for all or a percentage of your retirement assets.

Charitable Gift Annuity:

You can establish a charitable gift annuity with a gift of cash or property and receive a guaranteed payment for life. You recieve a tax deduction in the current year and may receive a portion of each annuity payment tax free.

Charitable Remainder Trust:

A charitable remainder trust is a special tax-exempt trust that can be either an annuity trust with a fixed dollar return or a unitrust with a fixed percentage return of trust assets which is determined annually. You will receive an income from the gift for as long as you are living and ultimately the trust will pay the remaining assets to Palmer College. Gifts funded with the appreciated assets enable you to avoid the capital gains tax from the sale of the asset.

Gift or Real Estate:

Real estate, especially real estate that has appreciated in value and is subject to capital gains taxes, is an excellent asset to use for a charitable gift. It can be given as an outright gift or to fund a charitable remainder trust.

Gifts of Life Insurance:

Life insurance policies are an excellent way to remember Palmer College. Many people gift a new or existing policy to the College, with Palmer as the owner and beneficiary. The premiums are paid by the donor and are tax deductible.

Contact Us

Advancement Office
(800) 722-2586, Ext. 3
(563) 884-5612

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