Planned Giving

Each year hundreds of dedicated alumni, parents, faculty, staff, and friends make planned gifts to Concordia University Texas (CTX) that will impact Christian leaders for generations to come.

BEQUESTS

Bequests and other forms of planned giving by CTX alumni and friends are an important and valued support in strengthening the University's commitment to maintaining academic excellence. Today, CTX is preparing for new challenges and the next millennium. Rooted deep in tradition, with a Lutheran heritage, spiritual and social values that have withstood the test of time, CTX continues to provide the highest quality undergraduate education.

QUESTIONS AND ANSWERS

Common questions about Planned Giving:

What is planned giving?

A long-range approach to supporting CTX. It offers donors significant tax benefits while maintaining financial security for themselves and their families.

Why should I consider planned giving?

Planned giving offers a number of benefits to you and CTX.

  • It allows you to participate in the education of generations to come.
  • It offers the opportunity to leave a lasting legacy in the name of a loved one, a friend, or in one's own name.
  • It enhances your lifetime relationship with CTX.
  • It can create a tax benefit for you or for your estate.

What are planned gifts?

Planned gifts can be made during your lifetime or as testamentary gifts. Bequests, cash, stocks, bonds, mutual funds, real estate, gifts of certified cultural property and gifts of tangible property are all considered planned gifts. They can also be life insurance or gifts of residual interest.

How will my gift be used?

It is up to you. Your gift can be used for scholarships or awards, Special Projects, Academic Chairs, or for some other purpose you determine. Unrestricted gifts are most welcome and will be used to continue Concordia's outstanding tradition of academic excellence and service to society.

How will my gift to Concordia be administered?

Your gift will be promptly acknowledged and a charitable tax receipt issued. Donors wishing to establish a special project fund may do so through an endowment fund. All endowment funds are administered by the University and contractual partners.

Have you already included CTX in your will?

If you have, you will automatically be included in The Killian Society. You just need to send written confirmation to the University. You may wish to send the section of your will pertaining to CTX. All information will remain confidential.

YOUR WILL

Your will is more than a listing of property and valuables, you have accumulated during a lifetime. It is your opportunity to leave a legacy to your family, your friends, and future generations. Many people use their wills to distribute their estate to not only loved ones, but also to their favored organizations.

By having your lawyer revise your will or add a simple amendment, you can make a charitable bequest of a specific dollar amount, personal property, a percentage of your estate, or the residue after other beneficiaries have been taken care of.

POPULAR TYPES OF PLANNED GIVING GIFTS

Gifts of Cash

This is the most common type of donation. A charitable tax receipt is available immediately. The unused portion of any tax credit can be carried forward of up to 5 years.

Gifts of Stock and Securities

Changes in federal tax regulations make it very attractive to donate publicly traded securities that have appreciated in value. Gifts of stocks, bonds and mutual funds donated directly to CTX will reduce by one half the taxable capital gains of the donor. A charitable tax receipt will be issued for the value of the security on the date the gift is made.

Gifts of life insurance

Naming CTX the beneficiary and owner of a life insurance policy will provide the donor with the opportunity to contribute a substantial gift at the time of death, and receive a tax receipt for any premiums paid. If CTX becomes the sole irrevocable beneficiary of an existing policy, the donor will receive a tax receipt for the net cash surrender value and for any remaining premiums paid by the donor.

Life Insurance

Because life insurance needs change over the years, many individuals no longer require their insurance for the original purposes. Children grow up and become self sufficient, investments may provide the income and security that was once expected of the insurance, and so on. But individuals may have made substantial payments into their policies, and simply canceling the policy fails to make good use of the payments the policy holder has made over the years.

One of the simplest ways to make a significant gift in the future is to name CTX as beneficiary to receive all or a portion of the proceeds of an insurance policy which is no longer needed for family protection. In that way, you are turning excess insurance coverage into future benefits for CTX.

Donating RRSP's or RRIF's to StFX

If you have named a charity as the beneficiary of your RRSP or RRIF, your estate will receive a tax credit. It is recommended that you also include the charity as the beneficiary of your RRSP or RRIF in your will.

Additional Gift Options

You may also choose other methods of giving such as gifts of residual interest, charitable remainder trusts or gifts of tangible property.

LEARN MORE

To learn more about planned giving options, please contact Beth Atherton at beth.atherton@concordia.edu.

Last updated on Jun. 14, 2017 Contact the Web Content Manager of this page.
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