2012-2013 Annual Report

Page 7

Make a planned gift and leave a legacy… There are many ways to give to Aquinas College. You can make a gift through your estate plan without giving any money right now, or you can make a gift that will return an income to you, such as an annuity. Regardless of the method you choose, you may designate your gift to the area that matters the most to you and leave a legacy at Aquinas College. If you have already made a planned gift, please share your plans with us. We would love to hear your story.

Take Advantage of IRA Rollover by December 31, 2013… Thanks to the extended charitable IRA legislation, you can once again make outright gifts using IRA funds without tax complications. This means that you can, if you’re age 70½ or older, make direct distributions from your IRA to a qualified charity or charities, not counting the distribution as income and not itemizing the charitable contribution. If you are required to receive minimum distributions from your IRA, and you do not need the money for personal use, consider using those funds as a charitable gift. While you cannot claim a charitable deduction for the IRA gifts, you will not pay income tax on the amount. We recommend you discuss your particular circumstance with your tax or financial professional. Should you have any questions, please contact: Aquinas Planned Giving Team at (800) 748-0186 or email plannedgifts@aquinas.edu. 7


Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.