Techniques for Giving

There are ways that you can support Wooster without giving up anything today. There are ways of giving that will increase your income, or provide for your heirs, and create your unique legacy at Wooster. Consider some of the strategies described below to help you decide the best and most tax-advantaged way to make a gift.

 

How You Can Give to The College of Wooster

 

 

Wills and Bequests

A charitable gift from your estate is a favored method of giving that enables you to achieve your financial goals and benefit Wooster.

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Beneficiary Designation

While most assets pass through a will, retirement plans and life insurance policies, are governed by a separate document, called a beneficiary designation.

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Charitable Gift Annuities

A charitable gift annuity is a way to make a gift to The College of Wooster, receive income for yourself or others and be entitled to a current income tax deduction for a portion of the assets given to fund the gift annuity.

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Charitable Remainder Trusts

A charitable remainder trust is a way to make a gift to The College of Wooster and receive income for yourself or others. This trust offers the flexibility of variable income or a fixed annuity.  You can reduce capital gains taxes when you fund a charitable remainder trust with appreciated securities. You will be entitled to a current income tax deduction for a portion of the assets given to fund the remainder trust.

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Pooled Income Funds

A pooled income fund is a trust that is established and maintained by Wooster. Your gift of cash or securities is combined with other gifts in the fund and you receive a tax deduction plus income for life.

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Charitable Lead Trusts

Make a substantial gift to The College of Wooster in the form of fixed annual payments and pass assets to your family or other heirs at reduced tax cost.

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Retained Life Estate

Retained life estate is a plan that allows you to donate real estate to Wooster, receive an income tax deduction, while retaining the right to live in it for the rest of your life. Wooster receives the property at the end of your lifetime.

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Bargain Sales

Receive immediate cash and make a gift to The College of Wooster by selling to us a valuable asset, such as real estate, for less than its worth.

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