Planned and Life Income Gifts are tools for making significant gifts to Olivet College in ways that can have considerable tax advantages for the donor. Estate planning enables donors to leave a legacy at Olivet and support future generations of students. Planned gifts can also allow our alumni and friends to fulfill their financial and estate planning goals.
A basic list of planned giving options follows:
Many individuals choose to include Olivet in their will, providing for a full, percentage or a fixed dollar amount of their estate to be transferred to the college. Any bequest you make can be designated to a specific area or program within Olivet.
For recommended bequest language for wills and trusts, please contact the Office of Advancement at firstname.lastname@example.org or 269.749.7630.
Retirement Plan Gift
Real Estate Gifts and Gifts of Intellectual Property
Charitable Gift Annuity
Also known as the CGA, the Charitable Gift Annuity is one of the safest and simplest of income-producing gifts. In exchange for a gift of cash or marketable securities, Olivet makes lifetime payments to you and/or a designated person.
The minimum amount required to establish a CGA is $10,000.
Charitable Remainder Trust
Also known as CRTs, a Charitable Remainder Trust can provide tremendous financial and estate planning flexibility. CRTs can be a way of providing income for your retirement years and avoiding sizable capital gains. Unlike charitable gift annuities, CRTs accept a large variety of assets and can be customized and invested according to your needs.
Whether you favor the security of a specified payment provided by an annuity trust, or the fixed percentage of income offered by a unitrust, Olivet’s planned giving experts can help you create a plan that is customized for your goals and needs.
Currently, the minimum amount required to establish a Charitable Remainder Trust with Olivet is $250,000.
Charitable Lead Trust
Many planned gifts require the assistance of a financial and legal adviser. This information is prepared exclusively for the information of alumni, friends and donors of Olivet College. Its purpose is to point out current tax situations that may be helpful in tax and financial planning. Donors should always consult with their attorney to determine if any of these charitable gift options are applicable to their own situation.
The Olivet College Advancement Office can help you and your advisers put together unique philanthropic packages to benefit the donor and the college. You or your legal adviser should contact the Office of Advancement at email@example.com or 269.749.7630.