GIFTS

Gifts of cash may be deducted from your income in amounts up to 50% of your adjusted gross income.

APPRECIATED PROPERTY

Gifts of appreciated assets, such as stock, mutual funds and real estate offer double tax savings because those gifts may be deducted from your income in amounts up to 30% of your adjusted gross income, and those gifts eliminate capital gains tax. Some individuals give appreciated shares of a favorite stock, recognize the charitable income tax deduction, avoid the capital gains tax, then use available cash to purchase replacement shares of the same stock. They end up with a current cost basis in the new stock, having completely avoided the capital gains on the growth, and they realize a substantial current charitable income tax deduction that can be used over six years.

BEQUEST IN WILL OR
TRUST

You can include Greensboro College in your will or in your living trust. After you provide for your loved ones, you might leave to Greensboro College specific property, a specific amount of money, a percentage of your estate or what is left after other gifts have been completed.

LIFE INSURANCE

You might designate Greensboro College as the beneficiary of life insurance that you no longer need for its original purpose. This gift may be used in addition to or in place of bequests in a will or trust.

RETIREMENT ACCOUNTS

Designating Greensboro College as the beneficiary on your retirement plan proceeds can offer significant tax benefits and may be used in addition to or in place of bequests in a will or trust.

PLANNING GIFTS

You might make a gift (maybe of appreciated property) but keep the right to income from the investment for yourself. Such a gift is usually referred to as a "gift with a retained income interest" or a "planned gift."