Planned Gifts

Planned Gifts enable you to make a substantial gift to Regis College while also providing benefits to you and your family. These gifts include bequests, gifts of real or personal property, naming Regis College as a beneficiary in a retirement plan or in a paid up or partially paid up life insurance policy, and life income gifts such as charitable gift annuities and charitable trusts. Before establishing a planned gift, it is important to speak with your financial advisors to discuss the gift that best suits your overall financial plan. When you make a planned gift, you become a member of the prestigious Founder’s Society. The Founder’s Society was established in 1990 to recognize all Alumni and friends who make charitable planned gifts to the College. Each of these gifts is a vital and significant investment in Regis College.

Click on one of the planned giving options below for more information.

Bequests

Gifts made by will are one of Regis College’s most important sources of individual support. Bequests provide funds for all aspects of education at Regis College. For many donors, a bequest is the best way of making a significant gift to Regis. The bequest may be in the form of cash, securities, real estate, tangible personal property, or other assets. You may provide for Regis by creating a new will, adding a codicil to your present will, including Regis in your revocable trust, or designating Regis as a beneficiary of your retirement plan.

Sample Bequest Language

“I give (the sum of $____) (the following described property:________) to Regis College, a non-profit corporation of the State of Massachusetts, to be used to further its purposes as the Board of Trustees in their discretion may deem appropriate.” For more sample bequest language, please contact Miriam Finn Sherman at 781-768-7222.

Types of Bequests

  • Cash Bequest: Donor gives a specific dollar amount.
  • Specific Bequest: Donor gives specific assets, such as securities, an interest in real estate, or tangible personal property (e.g., works of art, antiques, etc.).
  • Residuary Bequest: Donor gives all or a percentage of the remainder of your estate after the payment of any specific bequests and all estate-related expenses.
  • Contingent Bequest: Donor gives a bequest only in the event of the death of other beneficiaries.
  • Bequest to a Charitable Remainder Trust: One or more named beneficiaries receive income for life or for a specified term of years, after which time the assets pass to Regis.
  • Retirement plan: Donor designates Regis College as a beneficiary of the remainder of an IRA, Keogh, tax-deferred annuity, or qualified pension or profit-sharing plan.
  • Testamentary QTIP plan: The trust provides income, and principal if needed, to your spouse for life, after which a portion or all of the assets pass to Regis.

 

Disclaimer – The information provided above is of a general character only, as the College and its personnel are not engaged in rendering legal or tax advisory services. For advice and assistance in specific cases, please consult with your attorney or other professional advisor. State laws govern wills, trusts, and charitable gifts made in a contractual agreement, and advice from legal counsel should be sought when considering these types of gifts.

 

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Life Insurance Gifts

Life insurance is one asset that can be used to make a substantial gift to Regis College. Detailed here are some examples:

You can donate a paid-up policy originally purchased to satisfy a need that no longer exists. Typically, you would irrevocably designate Regis College as the beneficiary and owner of the policy. You would be entitled to an income tax charitable deduction equal to the “replacement” value or cost basis of the policy, whichever is less.

You can donate a policy that is not fully paid up and take a deduction for the “present value” of the policy – approximately the “cash surrender” value or cost basis, whichever is less. If you then continue to make premium payments, they are deductible for income tax purposes.

Your insurance agent and the Office of Institutional Advancement can provide additional information and help with the details. Please contact Christina Duggan at 781-768-7228 or email christina.Duggan@regiscollege.edu

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Life Income Gifts

You may want to make a substantial gift to Regis College in the form of appreciated securities or cash, but perhaps you are hesitant to give up the steady dividend income that you are receiving. If so, you may choose to participate in one of our life income plans. Investing in a life income gift often provides a significant increase in annual income when compared to the income earned in a savings account or from current dividends. By planning the form and timing of gifts, you may find that you can make a gift while retaining personal security.

Planned gifts that provide an income to you or a loved one include the following

Charitable Gift Annuities

A charitable gift annuity is a simple agreement that allows you to make a gift to Regis College while receiving income and tax benefits. In return for your gift, you and/or another person will receive fixed payments from Regis College for your lifetime(s). The income payments are based upon the age(s) of the income recipients and IRS discount rate at the time the gift is made.

As a gift annuity donor, you will receive:

  • A guaranteed income stream for life
  • Partial tax-free income
  • A significant charitable deduction
  • A reduction in capital gains tax, if applicable
  • Assurance that you are advancing the Regis College endowment
  • To receive a sample projection of how a charitable gift annuity may be beneficial to you, please call 781-768-7228.

Charitable Trusts

Charitable Trusts allow you to provide a gift to Regis College while meeting your specific needs. These types of Trusts combine charitable giving with other financial goals. Income is paid to you or your spouse for life or to another beneficiary for up to 20 years. When the Trust term ends, the principal remaining in the Trust (the charitable remainder) becomes a gift to the College. Charitable Trusts also bring tax benefits because they result in gifts – exact tax deductions depend on a variety of factors, including length of Trust and the amount of income paid to beneficiaries.

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Founder's Society

The Founder’s Society was established in 1990 to acknowledge and celebrate Alumni and friends who demonstrate their deep commitment by including Regis College in their estate plans or as the beneficiary of a planned gift. Through their foresight and generosity, these individuals play a key role in ensuring the future growth and success of Regis College. Since the College realizes these gifts after the life of the donor, Regis established the Founder’s Society in order to honor and thank prospective donors during their lifetimes.

Members are acknowledged, with their permission, in the Annual Fund Report and other College publications. Individuals become members of the Founder’s Society simply by informing the Office of Institutional Advancement at 781-768-7228 of a planned gift made to Regis College. Such gifts include:

  • Making a provision for Regis College in your will or revocable trust.
  • Establishing a charitable remainder trust or a charitable gift annuity to benefit Regis College.
  • Designating Regis College as the beneficiary of an IRA, Keogh, or other qualified retirement plan assets.
  • Naming Regis College as the owner and beneficiary of a life insurance policy.

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Estate Tax Implications

A bequest to Regis College is not subject to federal estate tax. The value of the bequest is deductible in determining the taxable estate, and there is no limit on the amount of the deduction.

A bequest will reduce the size of the taxable portion of your estate, and thus the size of the federal tax liability. The “cost” to the estate, therefore, is not the full amount of the bequest, but rather the net amount after taking into account the tax savings. Your heirs, accordingly, may benefit from the tax savings, while Regis benefits from the full amount of the bequest.

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To make donations

 

 

By Mail

 

Regis College Annual Fund
235 Wellesley Street, Box 30
Weston, MA 02493

By Phone

781-768-7239

Regis College: Planned Gifts
Planned Gifts, donation
Planned Gifts