ELECT TO INCLUDE CENTRE IN YOUR ESTATE PLAN
BECAUSE OF THE PRESIDENTIAL ELECTION THIS FALL, YOU HAVE DOUBTLESS BEEN BOMBARDED WITH COMPETING VISIONS OF THE FUTURE FROM MANY DIRECTIONS. IT CAN BE HARD TO KNOW FOR SURE WHICH CANDIDATE’S VISION IS THE RIGHT ONE.
Rest easy, though. We offer you a guaranteed outcome. If you elect to include Centre College in your estate plans, you will most certainly help shape the lives of generations of students for the better. One of the reasons Centre is such a strong institution, and has weathered the recent economic storms without losing ground, is that alumni and friends of the College have invested generously in the College and its mission, often including Centre in their estate and financial plans, plans that range from simple to complex. Some of these plans have also helped our donors arrange gifts for family and minimize taxes, while increasing their gift to Centre. The benefits of giving are undebatable!
HOW TO INCLUDE CENTRE IN YOUR WILL Please consider including a provision for Centre in your will. Your gift can take any of several forms: • A specific bequest leaves a specific amount of money or a specific asset. For example, “I give $50,000 to Centre College in Danville, Kentucky, to be used for Centre College’s greatest need.” • A percentage bequest leaves a certain percentage of the estate. For example, “I give to Centre College in Danville, Kentucky, thirty percent (30%) of my estate.” • A residuary bequest leaves to Centre all or some part of what is left over after providing for loved ones. This way, loved ones are provided for first and Centre second. For example, “I give the rest and residue of my estate to Centre College in Danville, Kentucky.”
You may leave your gift unrestricted (to be used for Centre’s greatest need) or you may designate a use for your gift. Many of Centre’s endowed scholarships have been created through restricted estate gifts. The following example is a simple way to establish an endowed scholarship fund: “I give $50,000 to Centre College in Danville, Kentucky, to be held as a permanent endowment to be known as the John and Mary Smith Scholarship Fund, the income from which shall provide assistance to students at Centre College who have financial need.” Also, if you have an existing will, you can change it by executing a new one or by executing an amendment, called a codicil.
STOCKS STILL MAKE GREAT
GIFTS!
In searching around your financial “closet” for assets to give away to charity, don’t forget about your stock portfolio. While the last few years might have caused you to wish you’d never invested in the market in the first place, take heart, for stocks or other capital assets with any amount of appreciation can still make fine gifts to Centre. While supporting Centre, you can also: • Reduce Income Taxes. You can take a deduction of up to 30% of your adjusted gross income in the year of your gift and carry it forward up to five years. • Avoid Capital Gain Taxes. You take the full, fair-market value deduction and Centre gets the full benefit of your gift (because Centre is tax-exempt). • Avoid Estate Taxes. You can reduce income taxes and avoid capital gain taxes, and also lower your future estate tax liability. • Increase Your Income. Investing these assets in a life income gift (such as a charitable gift annuity or a charitable remainder trust) can let you avoid taxes and earn income at 5%, 6%, or even higher, all while making a gift to Centre.
A LINK TO VALUABLE RESOURCES: Visit our comprehensive Planned Giving website: http://www.centre.edu/plannedgiving 93
HOW TO GIVE STOCK For stock held by a broker: Instruct your broker to call: Frederick Snyder, J.J.B. Hilliard, W.L. Lyons, Inc. Tel: 877-313-6639 Centre’s account #: 5262-6632 DTC #: 0768
**Please ask your broker to attach your name to the transfer. Please let us know if your broker is with Hilliard-Lyons. We will need to give our broker a special notice.
For stock certificates held by you: Send unsigned certificates by certified mail. Sign but do not complete a stock power form for each security, have your signature guaranteed with the Medallion guarantee stamp, and send separate from the certificates.
Send to the: Development Office, Centre College, 600 W. Walnut St., Danville, KY 40422.
For information on giving mutual fund shares or questions on stock transfer, please call Jamey Leahey ’92 at 859-238-5224 or Bill Breeze ’45 at 859-238-5207.