How to Invest in a Student's Future
There are many options to consider when investing in scholarship gifts. Tax advantages vary with individual circumstances and type of gift. Among the options:
- A gift of cash, the most direct way to give, can be deducted from your taxable income in the year it is donated.
- A pledge payable over as many as five years may be more convenient for you. No award will be made until the account reaches endowment level. However, you can supplement your pledge payments with an additional amount that will be given as an annual award, under your endowed scholarship name.
- A gift of appreciated securities offers you the advantage of a charitable deduction, plus avoidance of capital gains tax on the appreciated portion of the gift.
- A deferred gift, also called a planned gift, is arranged with the Development Office during your lifetime, but benefits to the College do not accrue until a later time. A bequest, the most common deferred gift, can provide significant estate-tax savings for you. Other deferred gifts include life insurance and annuity income agreements.
All scholarship gifts are received and administered by the Development Office at Westminster College. The Development Staff will assist you and/or your financial advisers in choosing the form of gift that best suits your circumstances.
Office of Development - 501 Westminster Avenue - Fulton, MO 65251
573.592.5370 Toll Free 888.687.9266