St. John’s College | Giving | Five Ways to Leave your Legacy

Giving

Five Ways to Leave your Legacy

Contrary to popular belief, you don’t have to be wealthy or famous to leave a permanent, meaningful legacy. All that’s required is concern for others and the desire to be remembered for more than just the assets you have accumulated.

Start by selecting the charitable organization(s), like St. John's College, that you would like to support. Then pick the type of gift that best meets the needs of you and your family. Five of the easiest and most popular ways to establish a legacy of caring are:

Use a will or trust to donate a specific sum of money or a percentage of your estate.
Name a charitable organization, such as St. John's, as the beneficiary of a tax-deferred retirement plan or IRA.
Establish a life income gift such as a charitable remainder trust or charitable gift annuity.
Make a gift of a new or existing life insurance policy.
Donate your primary residence or a vacation home under a life estate agreement.

Once you make a gift, you’ll find that along with establishing a legacy, there will likely be financial benefits. These are based on the type of gift, and may include income tax savings and payments for life.

An estate planning attorney or tax advisor can help you with the specifics of your charitable gift, or St. John's College can provide the assistance you need. Regardless, there is no better way to cement your legacy than by providing help and hope to future generations.

Please call Barbara Goyette at 410-295-5554, or e-mail us at barbara.goyette@sjca.edu, for more information.

The information on this site is not intended as legal, tax or investment advice. For such advice, please consult an attorney, tax professional or investment professional.