Planned Giving
Welcome to the McKendree University Planned Giving page.
It’s important that we all consider the impacts we have on other people both during our life and after. Some people choose to avoid this question in its entirety. However, you can make a difference and it may be easier than you think to leave a legacy.
Through proper estate planning, you may save your estate significant taxes and still arrange to provide for the people and institutions you care about after you are gone. I hope you will think about these possibilities and consider including McKendree in your will.
Please contact me if you have any questions on how you can make an impact to McKendree with a planned gift. I would be very interested in discussing the different types that are available.
Scott Billhartz ‘85
Director of Advancement Services
McKendree University
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A Worthy Plan
Gift planning can benefit you and McKendree. Through proper estate planning, you may save your estate significant taxes and arrange to provide for the people and institutions you care about after you are gone. To learn more about any aspect of gift planning, please contact the Office of Institutional Advancement (618) 537-6826.
Here are some ideas for you to explore:
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You can include McKendree University in your Will or Living Trust (or you may already have done so) and be recognized for your gift during your lifetime.
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You can arrange a gift agreement to provide income to you during your lifetime and a future gift to McKendree through a Charitable Gift Annuity or a Charitable Remainder Trust.
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You can arrange to give a new Life Insurance Policy to McKendree, give one that is already established, or you can make McKendree the beneficiary of a Life Insurance Policy.
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You can make McKendree the beneficiary of an IRA or other Retirement Asset.
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You can establish a Charitable Lead Trust to distribute income to McKendree for a stated number of years and the assets then revert back to you or to your heirs.
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Bequests: Gifts through a Will or Living Trust
If you do not have a will or trust, decisions about who is to receive your assets will be made by the state, which may result in a higher tax burden and you may not see those assets distributed as you would wish.
A will or trust with a bequest to McKendree reduces your taxable estate and may give your estate an income tax deduction. By letting the Office of Development know about your plans, you can become a member of the Old Main Society and be recognized now for your future gift.
McKendree is glad to work with donors and their legal advisors on the phrasing of a specific bequest or on creating a named fund through a bequest. Please call the director of gift planning for assistance.
Life-Income Gifts
Through a Charitable Gift Annuity you can give cash, securities or other property to McKendree and receive an income for life for yourself and/or another person immediately or at a future date.
A Charitable Remainder Trust enables you to contribute securities or other property to a trust and receive an income for life for yourself and others. Since there is no capital gains tax on the transfer into the Charitable Remainder Trust, you will earn income on the appreciated value of the assets and receive an immediate income tax deduction based on the value of the gift.
Your Charitable Gift Annuity or a Charitable Remainder Trust can be personally designed by you, the director of gift planning at McKendree and other financial advisors as desired.
Life Insurance
You can make McKendree the beneficiary of a life insurance policy you own. You can receive a tax benefit if you make the College both the owner and beneficiary of the policy. You, your insurance agent and the director of gift planning at McKendree can work together to arrange a gift of life-insurance.
Retirement Assets
If you make McKendree the beneficiary of an IRA or other retirement plan, your heirs can avoid income and estate taxes on the dollars contributed after your death. You or McKendree can talk with your plan administrator to learn the steps needed to arrange this type of gift.
Charitable Lead Trusts
Through a Charitable Lead Trust, a stream of income is distributed to the University for a term of years. As the trust donor, you determine the period of time. At the end of that period, the assets in the trust are returned to you or your heirs. The Charitable Lead Trust provides significant support to the University and valuable tax savings to you.