Planned Giving

York College offers several planned gift instruments that allow you to make a gift to the College and still receive income during your lifetime or the lifetime of a spouse of the designated beneficiary. Planned gifts often allow you to make a more substantial commitment than you might otherwise think possible. Consult with your attorney or financial adviser as you make your plans, and feel free to call our office at any time for information.

Types of Planned or Life Income Gifts

Gifts by Will (Bequest)
This is the most common form of planned giving. A gift is given by provisions made in the donor’s will designating a dollar amount or percentage of the estate to the College. Bequests to York College are free from federal estate tax and the estate and inheritance taxes of most states. Bequests should be drawn and executed with an attorney's advice.

Gifts through a Charitable Gift Annuity
You make an irrevocable gift of cash or securities, and the College agrees to pay you a guaranteed percentage of the asset annually for life. A gift annuity can also have more than one income beneficiary. The rate of return on a gift annuity is determined by the donor’s age. Establishing a gift annuity requires the donor’s signature, the College President’s signature, and the transfer of funds.

Gifts through a Charitable Remainder Trust
You contribute assets, such as securities, to York College, while retaining the income for yourself or others for life. A remainder gift permits you to take an income tax deduction for a portion of the value of your gift. Your gift will be credited for the fair market value of the contributed assets.

Gifts through a Life Insurance Policy or Retirement Fund
You may assign York as beneficiary, co-beneficiary, or a secondary, remainder, or residual beneficiary of your life insurance policy or retirement fund. Annual life insurance dividends also may be assigned to the College. When York is named as owner of a policy, the cash value of the policy may be deducted on your income tax return.

What Opportunities does a Planned Gift Offer to Donors?

• To make larger gifts during their lifetime than otherwise possible
• To make a gift while assuring income for themselves, a spouse, a child, or others for whom they wish to make provisions
• To create a memorial in their name or that of others close to them for those individuals who cannot afford outright gifts
• To offer a tax benefit to the donor

For more information on making a planned gift, other types of planned gifts, or for a gift calculation, contact Billy M. Lones, J.D. at 402-363-5660.