Planning Your Gift to Becker College

Your planned gift to Becker College helps you to accomplish your financial and estate planning goals, while at the same time helping to ensure that future generations of bright, young minds will have numerous opportunities to reach their potential.

For more information, please contact Mary Maloney at 508.373.9525 or mary.maloney@becker.edu

Charitable Gift Annuities:

Guaranteed fixed income for life: earn 6.2% on your savings (age 73)

Don’t outlive your money! Earn a guaranteed quarterly annuity payment at a rate that is fixed for the remainder of your lifetime. This is especially attractive now when savings rates are so low. If, at age 73, you invest $20,000 in a charitable gift annuity at 6.2%, you will receive $1,240 for life. If you deposit $20,000 in a savings account with a low interest rate and withdraw the same $1,240 yearly, your savings account of $20,000 will be depleted by age 90. The process is relatively simple: you make a gift of cash, stocks or other assets to Becker College (we suggest a minimum of $20,000). The College then invests the principal in a high-yield fund, pays you a quarterly or annual dividend for the remainder of your life, and the principal then is retained by Becker upon your demise.

Some of the unstated advantages of the above are as follows:

• Your initial gift is partially income tax deductible.
• Your charitable gift annuity payments are partially income tax-free throughout your estimated life expectancy.
• Your payments are guaranteed for life and not affected by fluctuations in the economy.
• The periodic payments during your life can be to yourself, you and a spouse, or some other designated loved one.
• If you use appreciated stock to make a gift, you can usually eliminate capital gains tax on a portion of the gift and spread the rest of the gain over your life expectancy.

Your Rate:

These rates are the maximum rates recommended by the American Council on Gift Annuities and are adjusted periodically.

EXAMPLE:  Immediate Payment Gift Annuity
If at age 70, Mary transferred $20,000 cash to Becker College in exchange for a 5.8 % annuity rate, she would receive fixed payments totaling $1,160 each year for the remainder of her life, of which $815 is tax-free to her throughout her life expectancy. She’ll also receive a charitable deduction of $7,352 if she itemizes on her income taxes.

Gifts by Will or Revocable Trust

• Leave a specific dollar amount or a percentage of your estate to the College.
• Upon your death Becker College receives the bequest you specified.

Benefits:

• Ability to change your bequest at any time
• Retain unlimited access and control of your assets during your lifetime
• Reduce estate taxes and possibly increase the inheritance of your heirs
• Provide future support for Becker College
• Membership in The Order of the Elm, Becker’s Planned Giving Society