Benedictine Military School
Leaving a legacy to Benedictine
through gifts to the Endowment
What is a Planned Gift?
What are some examples of Planned Gifts?
· Gifts that Cost Nothing
Include Benedictine as a beneficiary in your
· Life insurance policy
· IRA or 401(k) or 403(b)
· Gifts that Produce Income
These are gifts that can be arranged now using assets that will eventually pass to Benedictine but from which you can draw income during your lifetime. Such life income gifts include charitable gift annuities and charitable remainder trusts.
Life income gifts can be structured to substantially increase the income you are receiving from the assets while also providing you a significant current income tax deduction.
· Gifts that will provide IMMEDIATE Tax Savings and benefit Benedictine NOW
A direct distribution from your IRA to Benedictine is available now for those aged 70 ½ or older. The Tax Relief Act of 2010 allows qualified individuals to make direct distributions from traditional or Roth IRAs without incurring any federal income tax on the amount withdrawn (up to $100,000). The distribution must be made directly from the IRA to Benedictine. This special provision is set to expire at the end of 2011.
For more information about how you can leave a legacy to BC, please contact:
Greg Markiton ‘92
Director of Institutional Advancement
May 20, 2013
May 20, 2013
May 23, 2013
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