Planned Giving Opportunities at BSC

What is a Planned Gift?

A planned gift is a gift made from accumulated assets, i.e., stocks, bonds, mutual funds, real estate or cash, rather than from current income. Usually these gifts are set up to accomplish specific charitable and financial goals and fit into your overall estate plan. A BSC gift planning professional can work with you or your legal or financial advisor to help you choose the right planned gift. Entering into a planned gift will automatically qualify you for membership in Bridgewater State College's 1840 Society. The following are examples of different types of planned gifts.
 

 

For more information please contact the Office of Institutional Advancement at 508-531-1290.

 

 

Bequests and Retirement Plans
A will provision allows you to make a substantial contribution to BSC without diminishing the assets available to you during your life. Since bequests are deductible from your taxable estate, significant estate tax savings may be possible. If you name Bridgewater State College as a beneficiary of your retirement plan, you also avoid income tax when BSC receives its share of your plan.

Charitable Gift Annuity
In exchange for a gift of money or securities, Bridgewater State College will pay you and/or a loved one a fixed amount annually for the rest of your life. A portion of this income is not taxed, and you also receive a charitable deduction for part of your gift as calculated with IRS tables.

Charitable Lead Trusts
You can support BSC and other charities for a term of years or for the life of an individual by creating a charitable lead trust. Income will be paid to Bridgewater State College each year during the term of the trust. When the trust terminates, the assets in the trust revert to you or to individuals you wish to benefit.

Charitable Remainder Trusts
You can use an irrevocable trust to provide yourself and/or a loved one with a fixed annual income or an income which varies with the value of the trust. Part of your gift qualifies for an income tax deduction, as calculated with IRS tables. At the death of the last income beneficiary, the corpus of the trust is distributed to Bridgewater State College.

Life Insurance
When you give Bridgewater State College a life insurance policy, the cash surrender value of the policy or the cost of a replacement policy is deductible as a charitable contribution. If you continue to pay premiums after your gift, these premiums are also deductible.

Real Estate with Retained Life Estate
A residence or other real property may be given as an outright gift, or you may prefer to give your residence, farm or vacation home and retain the right to occupy it for life. You get a charitable deduction in the year you arrange your gift.

Last Modified: September 7, 2007