Planned Giving

Donor Stories

Gift Annuities

Charitable Remainder Trusts

We know that leaving a legacy for your family and loved ones isimportant. We also know that donors like you understand the importance of planning for the future of Schoolcraft College to ensure that the needs of the College and the students and communities it serves will be met now and in the future. Planned giving is a way to make a charitable gift that is not only favorable to you, but may also provide financial benefits to you and your family.

Through a variety of vehicles including bequests, charitable trusts, insurance programs, charitable gift annuities, charitable remainder trusts and appreciated property, we can work together to create a charitable gift that works best for you while helping Schoolcraft College. By making a planned gift to the Schoolcraft College Foundation, you will become a member of the Henry Rowe Schoolcraft Society

Please review the information below to help guide your conversation with your financial manager and/or estate planner. If you would like more information on planned giving options, please contact the Schoolcraft College Foundation at (734) 462-4455 or via email at development@schoolcraft.edu.

Charitable Bequests Made in Wills and Trusts

One of the easiest and most beneficial gifts you can make to the Foundation is through a will or trust. These gifts enable you to make significant contributions that may not be possible in your lifetime. Remembering the Foundation in this way may reduce your estate taxes, as well.

Life Insurance

Naming the Schoolcraft College Foundation as the beneficiary on a life insurance policy is an inexpensive way to make a substantial contribution. Once the Foundation is named as sole beneficiary, you are eligible for immediate charitable tax deductions on the current value of the paid up policy.

Gift Annuities and Charitable Remainder Trusts

These two gift methods provide an opportunity for you to make a gift to the Foundation while still receiving income from the gifted assets. A Gift Annuity will provide a fixed periodic annuity payment to you, while providing a charitable tax deduction. A Charitable Remainder Trust provides either a fixed annuity amount or an amount that changes each year. You can make a gift of appreciated property and receive payments, while avoiding some capital gains taxes and receiving a charitable deduction.

Appreciated Property 

Gifts of stocks, bonds, mutual funds, or real estate may provide greater tax benefits than a cash gift. You receive a charitable deduction for the full market value while avoiding capital gains taxes.

For more information on planned giving options, please contact the Schoolcraft College Foundation at (734) 462-4455 or via email at development@schoolcraft.edu.

 

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