Tax Benefits
Think about your goals when deciding to make a current or future gift to Albion College
Make a quick and easy gift
Then you can: Simply write a check or use a credit card to make a gift now
And your tax benefits will be: An income tax deduction and an immediate impact at Albion College
Defer a gift until after your lifetime
Then you can: Include a bequest in your Will (cash, specific property, or a percentage of the residue)
And your tax benefits will be: An estate tax deduction and the ability to keep assets for your benefit during your lifetime
Maximize your heirs' inheritance while benefiting Albion College
Then you can: Name Albion College as the beneficiary of your retirement plan; leave other assets to family
And your tax benefits will be: Reduced estate and income tax for your heirs
Avoid tax on capital gains
Then you can: Give Albion College appreciated stock or certain bonds that you have owned for at least one year
And your tax benefits will be: An income tax deduction and avoidance of capital gains tax
Make a large gift with little cost
Then you can: Give Albion College a life insurance policy you no longer need
And your tax benefits will be: Current, and possible future, income tax deductions
Create a hedge against inflation over the long term
Then you can: Establish a Charitable Remainder Unitrust (CRUT)
And your tax benefits will be: An immediate charitable deduction and a variable income stream for life
Reduce gift and estate taxes on assets you pass to your heirs
Then you can: Create a Charitable Lead Trust that pays income to Albion College for a specific term of years
And your tax benefits will be: Create a Charitable Lead Trust that pays income to Albion College for a specific term of years
Secure a fixed income while avoiding market risks
Then you can: Establish a Charitable Gift Annuity (CGA)
And your tax benefits will be: Tax benefits and often a higher rate of return than from existing investment vehicles
Avoid capital gains tax on the sale of a home or other real estate
Then you can: Give all or an undiluted interest in the property to Albion College
And your tax benefits will be: An income tax deduction, plus the elimination of all or some capital gains tax
Share your enjoyment of a collection or other personal item
Then you can: Donate tangible personal property related to Albion College’s mission
And your tax benefits will be: A charitable deduction based on the appraised value of the item(s)
Create a charitable gift while continuing to enjoy your home
Then you can: Give your personal residence or farm to Albion College while retaining life use
And your tax benefits will be: An immediate charitable deduction and a reduction in estate taxes – if applicable
If one or more of the strategies above interests you, we invite you to contact a member of Institutional Advancement.