Gifts of Cash
Gifts of cash are available for immediate use
by Elms College and are tax deductible. Checks should be payable
to Elms College.
Gifts of Securities
These gifts may include stocks,
mutual funds or bonds. Deductions may be deducted at a fair
market value on the
date of transfer to the college. A contribution of highly appreciated
securities will assist the college and at the same time reduce
or eliminate the taxes paid on capital gain.
Personal Property
A gift of capital assets (art objects, rare
books, equipment, etc.) can be given to the college for its
educational purposes. Responsibility for appraisal rests with
the donor.
Real Estate
Gifts of Real Estate can be given to the college
outright or transferred to the college in a bargains sale.
You can also
contribute real estate to the college and reserve the right
to occupy the property
in your lifetime. Each plan has its own tax and income benefits.
Gifts by Bequest
By naming the College of Our Lady of the Elms as
a beneficiary in your will, it is possible to leave a significant
legacy to the college. You may select a specific dollar amount,
designate a fixed percentage of your estate, identify specific
property or after relatives and friends have been provided for,
leave the remainder of the estate to the college.
Annuities and
Trusts
Gift annuities, charitable remainder trusts,
and charitable lead trusts, are examples of life income contributions
to Elms College. These gifts provide an opportunity for one to
make a contribution to Elms College and at the same time increase
annual
income, receive a tax deduction and reduce taxes on capital gain.
Gifts of Life Insurance
The college
may be named as the beneficiary of a life insurance policy. It is
also possible to invest in
the Legacy of Life program and name the college as the owner
and beneficiary
of the policy. Policies are affordable and allow donors to
make a major contribution to the college.
Matching Gifts
Many
businesses and corporations match the donations made by employees,
retirees, and family members. To obtain information
about your company's matching gift program, please contact your
personnel office. It is necessary to send the company's matching
gift form
to Elms College along with your contribution.
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