Types of Gifts
Giving through assets... financial
blessings earned over a lifetime.
Lindsey Wilson College has been blessed by many individuals who
have chosen to make gifts through assets they have accumulated over
a lifetime. These are thoughtful gifts in the sense they are
made in consultation with a person's attorney, accountant, or
financial planner. These gifts are made first and foremost
because a donor wishes to help a charity, but through financial
planning there may be tax and financial advantages to the
donor. Here are some examples of additional thoughtful gifts
which can be made to LWC.
To date, more than 160 individuals have remembered LWC
with a simple bequest in their will. This is an easy process
to pass along assets to LWC when they are no longer needed by the
donor. An attorney can be most helpful in this process.
You may bequeath specific amounts of money, a specific piece of
property, residuary estate (after debts and taxes and other
bequests are satisfied), or a percentage of the residuary estate to
LWC. Lindsey Wilson College has benefitted from bequests
from $1,000 to $3,000,000.
Gifts of Stock
A gift of appreciated marketable securities will help you save
twice. Stocks held for more than one year, and have increased
in value, are subject to capital gains taxes when sold. By
making a gift to LWC, you avoid capital gains taxes.
Life Insurance Policies
You can make a gift of life insurance by designating LWC as the
beneficiary of a new or paid-up policy. Or name the college
as a contingent beneficiary, should your primary beneficiary not
Would you like to make a gift to LWC, earn income for
life, and receive a favorable tax advantage? It may be to
your advantage to request a no obligation Charitable Gift Annuity
illustration. This arrangement with LWC pays you a set income
for life. These annuity rates are highly competitive because
the rates are based on the ages of the income beneficiaries.
And, each annuitant will be partially exempt from income tax for
the life of the annuitant(s). If you are dissatisfied with low
performing investments, you may be interested in this popular
A named endowed
Named endowed scholarships are a wonderful way to honor a friend,
loved one, provide scholarship support for deserving students and
help build the college's endowment. With endowments, the
principal remains intact and funds are invested with other college
endowment funds for the purpose of earning a return on
endowments reach the minimum level for endowing ($10,000), the
practice is to allow one year for the purpose of investing funds so
as to earn a return before awards are made. Awards are
typically made in the first full semester following a one year
initial investment period. Endowments can be funded over a
period of time not to exceed five years.
Endowment funds are invested in such a way as to award five
percent of the principal amount annually. For example, a
$50,000 endowed scholarship would provide an annual award of $2,500
annually. Whatever is earned above the five percent is added
each year to the endowment fund so it can grow. Donors
may choose the criteria for recipients, which can be, for example,
geographic restrictions, grade point guidelines, gender or ethnic
targets, and financial need.
Currently, LWC has 162 named endowed scholarships.