A charitable bequest is one of the easiest and most flexible ways that you can leave a gift to Cottey College that will make a lasting impact.

Benefits of a Bequest

• Receive an estate tax charitable deduction
• Reduce the burden of taxes on your family
• Leave a lasting legacy to charity

How a Bequest Works

A bequest is one of the easiest gifts to make. With the help of an attorney, you can include language in your will or trust specifying a gift to be made to family, friends or Cottey College as part of your estate plan, or you can make a bequest using a beneficiary designation form.

Some Ways to Leave a Bequest to Cottey College

• Include a bequest to Cottey College in your will or revocable trust
• Designate Cottey College as a full, partial or contingent beneficiary of your retirement account (IRA, 401(k), 403(b) or pension)

• Name Cottey College as a beneficiary of your life insurance policy

A Bequest May Be Made in Several Ways

• Percentage bequest– make a gift of a percentage of your estate
• Specific bequest– make a gift of a specific dollar amount or a specific asset
• Residual bequest– make a gift from the balance or residue of your estate

Contact Us

If you have any questions about bequests, please contact us. We would be happy to assist you and answer your questions.

Congress has enacted a permanent IRA charitable rollover. As a result you can make an IRA rollover gift this year and in future years.

You may be looking for a way to make a big difference to help further the Cottey mission. If you are 70½ or older, an IRA charitable rollover is a way you can help continue our work and benefit this year.

IRA (Custodian)

Cottey

Benefits of an IRA charitable rollover

• Avoid taxes on transfers of up to $108,000 from your IRA to Cottey College

• Satisfy your required minimum distribution (RMD) for the year

• Reduce your taxable income, even if you do not itemize deductions

• Make a gift that is not subject to the deduction limits on charitable gifts

• Help further the work and mission of our organization

How an IRA charitable rollover gift works

• Contact your IRA plan administrator to make a gift from your IRA to us.

• Your IRA funds will be directly transferred to Cottey and help continue our important work.

• Please note that IRA charitable rollover gifts do not qualify for a charitable deduction.

• Please contact us if you wish for your gift to be used for a specific purpose.

Contact us

If you have any questions about an IRA charitable rollover gift, please contact us. We would be happy to assist you and answer any questions you might have.

You can designate Cottey College as a beneficiary of a retirement, investment or bank account or of your life insurance policy.

A beneficiary designation gift is a simple and affordable way to make a gift to support Cottey College. You can designate the College as a beneficiary of a retirement, investment or bank account or your life insurance policy.

Donor

Designation Form

Account Custodian

Property
(IRA/Investment)

Cottey

Benefits of a Beneficiary Designation Gift

• Support the causes that you care about
• Continue to use your account as long as you need to

• Simplify your planning and avoid expensive legal fees

• Reduce the burden of taxes on your family

• Receive an estate tax charitable deduction

How a Beneficiary Designation Gift Works

• To make your gift, contact the person who helps you with your account or insurance policy, such as your broker, banker or insurance agent.
• Ask them to send you a new beneficiary designation form.

• Complete the form, sign it and mail it back to your broker, banker or agent.

• When you pass away, your account or insurance policy will be paid or transferred to Cottey College, consistent with the beneficiary designation.

Important Considerations for Your Future

If you are interested in making a gift but are also concerned about your future needs, keep in mind that beneficiary designation gifts are among the most flexible of all charitable gifts.

Even after you complete the beneficiary designation form, you can take distributions or withdrawals from your retirement, investment or bank account and continue to freely use your account.

You can also change your mind at any time in the future for any reason, including if you have a loved one who needs your financial help.

Contact Us

If you have any questions about leaving a beneficiary designation gift to us, please contact us. We would be happy to assist you.

If you have already designated Cottey as a beneficiary of an asset or as part of your estate plan, please let us know. We would like to recognize you and your family for your gift.

You transfer your cash or appreciated assets to Cottey College in exchange for our promise to pay you fixed payments (with rates based on your age) for the rest of your life

You may be tired of living at the mercy of the fluctuating stock and real estate markets. A charitable gift annuity is a gift made to our organization that can provide you with a secure source of fixed payments for life.

Stock or Cash

Gift Annuity

Donor

Cottey

Benefits of a Charitable Gift Annuity

• Receive fixed payments to you or another annuitant you designate for life
• Receive a charitable income tax deduction for the charitable gift portion of the annuity

• Benefit from payments that may be partially tax-free

• Further the charitable work of Cottey College with your gift

How a Charitable Gift Annuity Works

A charitable gift annuity is a way to make a gift to support Cottey College.

1. You transfer cash or property to Cottey College.
2. In exchange, we promise to pay fixed payments to you for life. The payment can be quite high depending on your age, and a portion of each payment may even be tax-free.

3. You will receive a charitable income tax deduction for the gift portion of the annuity.

4. You also receive satisfaction, knowing that you will be helping further our mission.

If you decide to fund your gift annuity with cash, a significant portion of the annuity payment will be tax-free. You may also make a gift of appreciated securities to fund a gift annuity and avoid a portion of the capital gains tax.

Please contact us to inquire about other assets that you might be able to use to fund a charitable gift annuity.

Contact Us

If you have any questions about charitable gift annuities, please contact us. We would be happy to assist you and answer your questions.

You transfer your cash or appreciated assets to fund a charitable remainder unitrust. The trust sells your assets tax free and provides you with income for life or a term of years.

You may be concerned about the high cost of capital gains tax with the sale of an appreciated asset. Perhaps you recently sold property and are looking for a way to save on taxes this year and plan for retirement. A charitable remainder unitrust might offer the solutions you need!

Stock or Cash

Unitrust

Donor

Cottey

Benefits of a Charitable Remainder Unitrust

• Receive income for life, for a term of up to 20 years or life plus a term of up to 20 years
• Avoid capital gains on the sale of your appreciated assets

• Receive an immediate charitable income tax deduction for the charitable portion of the trust

• Establish a future legacy gift to our organization

How a Charitable Remainder Unitrust Works

1. You transfer cash or assets to fund a charitable remainder unitrust.
2. In the case of a trust funded with appreciated assets, the trust will then sell the assets tax-free.

3. The trust is invested to pay income to you or any other trust beneficiaries you select based on a life, lives, a term of up to 20 years or a life plus a term of up to 20 years.

4. You receive an income tax deduction in the year you transfer assets to the trust.

5. Our organization benefits from what remains in the trust after all the trust payments have been made.

Contact Us

If you have any questions about a charitable remainder unitrust, please contact us. We would be happy to assist you and answer any questions you might have.

You transfer your cash or appreciated asssets to fund a charitable remainder annuity trust. The trust sells your assets tax free and provides you with fixed income for life or a term of years.

You may be looking for a way to receive fixed income for life or a number of years. You may be concerned about the high cost of capital gains tax with the sale of an appreciated asset. Perhaps you recently sold property and are looking for a way to save on taxes and plan for retirement. A charitable remainder annuity trust may offer the solutions you need.

Stock or Cash

Annuity Trust

Donor

Cottey

Benefits of a Charitable Remainder Annuity Trust

• Receive fixed income for life or a term of up to 20 years
• Avoid capital gains tax on the sale of your appreciated assets

• Receive an immediate charitable income tax deduction for the charitable remainder portion of your gift to Cottey College

How a Charitable Remainder Annuity Trust Works

1. You transfer cash or assets to fund a charitable remainder annuity trust.
2. In the case of a trust funded with appreciated assets, the trust will then sell the assets tax-free.

3. The trust is invested to pay fixed income to you or any other trust beneficiaries you select based on a life, lives or a term of up to 20 years.

4. You receive an income tax deduction in the year you transfer assets to the trust.

5. Our organization benefits from what remains in the trust after all the trust payments have been made.

More on Charitable Remainder Annuity Trusts

If you are tired of the fluctuating stock market and want to receive fixed payments, a charitable remainder annuity trust may provide you with the stability you desire. A charitable remainder annuity trust pays a fixed amount each year based on the value of the property at the time the trust is funded.

Contact Us

If you have any questions about charitable remainder annuity trusts, please contact us. We would be happy to assist you and answer any questions you might have.

You fund a trust that makes gifts to Cottey College for a number of years. Your family receives the trust remainder at substantial tax savings.

If you are looking for a way to pass on some of your assets to your family while reducing or eliminating gift or estate taxes, a charitable lead trust is an excellent option.

Property

Lead Trust

Income to Cottey

Trust to Family

Benefits of a Charitable Lead Trust

• Receive a gift or estate tax charitable deduction
• Pass inheritance on to family at a reduced or zero cost
• Establish a vehicle from which you can make annual gifts to charity

How a Charitable Lead Trust Works

1. You make a contribution of your property to fund a trust that pays Cottey College income for a number of years.
2. You receive a gift or estate tax deduction at the time of your gift.

3. After a period of time, your family receives the trust assets plus any additional growth in value.

Contact Us

If you have any questions about charitable lead trusts, please contact us. We would be happy to assist you and answer any questions you might have and to provide you with an illustration demonstrating your specific tax benefits.