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Planned Giving
Have You Considered a Planned Gift?
Your generosity has helped 麻豆社区 create a legacy of excellence, and been a key part of the education of young women and men from every part of this country and around the world. You can ensure this legacy of excellence continues far into the future by remembering Mercy in your estate plans. A bequest to the University costs nothing right now, and can provide future tax advantages to your estate.
For more information, call L. Hanna Gyory, Philanthropy Officer, at (914) 674-7385 or email Lgyory@mercy.edu. If you have already included us in your estate plans, please call and let us thank you!
CONTACT US:
麻豆社区
Institutional Advancement
555 Broadway
Dobbs Ferry NY 10522
914-674-7385
Lgyory@mercy.edu
麻豆社区 Tax EIN #: 13-1967321
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Support Mercy
Simple Gift. Huge Impact. Gifts by will are simple to make.
A planned gift鈥攖hrough your will鈥攁llows you to help ensure that our commitment to high-quality, affordable education will continue to support 麻豆社区 for years to come. A planned gift guarantees that the mission of 麻豆社区 will exist for the next generation.
Planned Giving with FreeWill
Create a legacy gift in your estate plan that continues to empower and inspire Mercy students. To help you get started on your plans and legacy, you can use FreeWill, an online tool that guides you through the process of creating a legally valid will or trust. It鈥檚 easy to use, accessible online, and can be completed in 20 minutes. Use our to create a will at no cost.
How to Give
Create Your Legacy Through a Planned Gift
Charitable gifts help you meet your current philanthropic goals and extend your generosity well into the future. But did you know that a planned gift can also protect your assets, provide for your family, and guarantee you income for life? You can even make a significant impact through a gift that costs nothing in your lifetime (through a charitable bequest under your will).
Ways to Make a Planned Gift
To read about one of the basic ways to make a planned gift, select the one below that best fits your situation.
How It Works
- You include a bequest provision in your will or revocable trust.
- At your death Mercy University receives the bequest you specified.
Benefits
- You may change your bequest or trust designation at any time.
- You control the funding property during your lifetime.
- Your bequest or trust designation will not be subject to any potential federal estate tax.
- You provide future support for Mercy University.
Beneficiary designations are one of the simplest and most flexible ways to make a gift. As you think about ways to arrange your charitable legacies, keep in mind the following reasons why this gift type is so popular and might be a smart way for you to give:
- You can make the gift without having to revise your will or living trust.
- It is easy to modify the beneficiary forms to adapt to changing intentions and circumstances.
- Arranging such a gift is simple and generally entails little or no expense.
- When a charity is a beneficiary of retirement funds, those funds will not be subject to income tax.
- You may save estate taxes, depending on the size of your estate.
- The gift becomes available to the charity with little delay.
How to Make a Gift by Beneficiary Designation
It's simple! You ask your policy administrator for a change-of-beneficiary form, or you can often find this form on your provider's website, and then name 麻豆社区 as a beneficiary of any of the financial instruments below.
Types of Beneficiary Designations
Next Steps
- Request a change-of-beneficiary form from the administrator of your retirement plan, insurance policy, or bank account or download a form from your provider's website.
- Designate what percentage you would like 麻豆社区 to receive and name us and indicate the percentage you chose on the beneficiary form.
- Return the completed form to your provider.
Contact us to let us know your goals for the gift so we can thank you for your generosity and ensure your gift is used as you intend.
Do you want to support Mercy University but worry about having enough income for yourself and your loved ones? Life-income gifts can provide donors with an income stream, significant tax savings, and the satisfaction of providing Mercy University with vital long-term resources. The creation of a life-income gift benefits both the giver and the receiver鈥攁 "win-win" situation. The following life-income gifts are available, and one may be right for you:
This type of gift arrangement allows you to direct gifts to 麻豆社区 for a specified period of time and, in turn, receive either a charitable deduction now for gifts made in subsequent years or a reduction in gift or estate taxes on property you wish to pass to heirs.
Under the nongrantor plan, you irrevocably transfer assets to a trustee and provide that payments be made to 麻豆社区 for a certain number of years (or until the end of your or another's life). Then the principal is distributed to your children, grandchildren, or other heirs. The principal passes to your heirs at greatly reduced gift- and estate-tax rates and sometimes escapes them altogether. The charitable lead trust may appeal to individuals who wish to make a gift but retain the property in their family.
Charitable lead trusts (CLTs) are simple in concept but are complex gift- and estate-planning devices because of the many technical drafting requirements of the IRS. We recommend you consult an attorney who specializes in trusts and estates and has experience with CLTs.
Your retirement-plan benefits are very likely a significant portion of your net worth. And because of special tax considerations, they could make an excellent choice for funding a charitable gift.
Retirement-plan benefits include assets held in individual retirement accounts (IRAs), 401(k) plans, profit-sharing plans, Keogh plans, and 403(b) plans.
How It Works
- You make a pledge of support to Mercy University.
- You execute an estate note to pay off pledge from estate assets in case pledge remains unpaid at death.
Benefit
You are assured that the programs you wish to support at Mercy University will receive all the funds you intend.
How It Works
- You transfer cash to Mercy University鈥攙ia a check through the mail or online by debit or credit card.
- Mercy University can put your gift to immediate use or add it to an endowed fund if you so specify.
- You receive a charitable deduction.
Benefits
- Your gift is made simply and quickly.
- You receive a federal income-tax deduction.
You provide immediate support for Mercy University.
How It Works
- You can send unendorsed stock certificates by registered mail or instruct your broker to make the transfer from your account to our account.
- You receive an income-tax deduction.
- Mercy University may keep or sell the securities.
Benefits
- You receive a federal income-tax deduction for the full fair-market value of the securities.
- You avoid long-term capital-gain tax on any appreciation in the value of the stock.
- Your gift will support Mercy University as you designate.
Special note: Please call or e-mail us to tell us of your intent, and we will be able to assist you with the details of the transfer.
Life Insurance Policy
An important but frequently overlooked role of life insurance is the one it can play in charitable gift planning. Life insurance itself can be the direct funding medium for a gift, permitting the donor to make a substantial gift (face value of policy) for a relatively modest annual outlay (i.e., the premium payment).
How It Works
- Please call us to discuss the type of tangible property, possible uses of your gift by Mercy University, and getting an appraisal.
- You receive a charitable income-tax deduction for the full fair-market value of the property if the gift's use is related to Mercy University's exempt purposes.
- If the use is unrelated to our exempt purposes or if it's understood that we will be selling the property, then the deduction is limited to your cost basis.
Benefits
- You receive a federal income-tax deduction for the fair-market value if the gift's use is related to Mercy University's charitable purposes.
- You avoid capital-gain tax on long-term related-use property.
- You provide significant support for Mercy University without affecting your income.
Special note: Please call or e-mail us to tell us of your intent with regards to the property, and we will be able to assist you with the details of the transfer.
Almost any type of real estate may be donated: undeveloped land, farms, commercial buildings, vacation homes, or your residence.
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What Is The Ronnenberg Legacy Society?
The Ronnenberg Legacy Society was established to recognize alumni and friends who have made a commitment to 麻豆社区 through bequests. As founders, Mary Ellen & Francis Ronnenberg made a charitable pledge to 麻豆社区 in 2001 using the many opportunities available through gift planning.
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Donor Stories
Welcome to our donor stories section, where we celebrate the generosity and impact of individuals who have chosen to support 麻豆社区 through planned giving. These stories showcase the profound difference that planned gifts can make in furthering our mission and creating a lasting legacy.
Disclaimer
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.