A charitable gift annuity is an option if you wish to donate assets to Beloit College and supplement your income with fixed, steady payments that are partially income tax free. To make this type of gift, a contract is established with the college who takes your donated assets and invests them while providing you with fixed and regular annuity payments. At the end of the period designated, the assets become available for the college’s use. There are different requirements by state and annuity payments may be delayed if you are younger than 60 or do not need the payments immediately.

This option allows you to make a gift to Beloit College through life insurance policies. You may decide to make Beloit your primary beneficiary or gift the policy to the college for the cash surrender value during your lifetime.

When you give us appreciated property you have held longer than one year, you qualify for a federal income tax charitable deduction. Other benefits include avoid paying capital gains tax; remove the burden of property maintenance costs, property taxes or insurance; and eliminate the hassle of selling the real estate. You can deed the property directly to Beloit or ask your attorney to add a few sentences in your will or trust agreement.

Retirement accounts can benefit the college today or after your lifetime. Naming Beloit College as a beneficiary of your retirement assets can be done by completing a form that is entirely separate from your will, making this both an easy way to give and flexible for adjusting beneficiary designations anytime you want. If you prefer to put your gift to work now and are 70 1/2 years old or older, you can give up to $100,000 from your IRA directly to a qualified charity such as ours without having to pay income taxes on the money. Your IRA qualified charitable distribution can also satisfy all or part of your required minimum distribution for the year.