Providing for Mount Ida—now and in the future
Mount Ida can introduce you to several different planned giving strategies designed to maximize your personal objectives – providing for you and your family today – while supporting Mount Ida, realizing valuable tax benefits and protecting your estate for future generations at the same time.
Through a life-income gift, you can contribute assets while retaining the income they generate for yourself or your spouse. This type of gift also allows you to take an income tax charitable deduction for a portion of the value and can eliminate capital gains tax at the time of transfer.
In many cases, an outright gift of appreciated securities entitles you to an income tax charitable deduction for fair market value of the securities. Plus, you can avoid paying capital gains.
You may include a bequest to the college in your estate plan or will. Such bequests can be for a specific amount, a percentage of your estate or a residual portion. Bequests can also fund existing memorials and programs, or endow new scholarships at the college.
Jill Wierbicki Abrahams
Vice President for Advancement