Planned Giving

Gift and Estate Planning Services

Many Millsaps alumni and friends make their ultimate gift to the College or achieve long-term philanthropic goals through planned gifts. A variety of planned giving options are available including wills and bequests, trust arrangements, annuities, and life insurance arrangements.

Planned gifts are not necessarily large gifts, although they are often much larger than a donor's annual charitable gifts because of their timing, the type of asset used, and the way in which they maximize one's tax benefits.

Anyone can make a planned gift - and those who do find it is a meaningful way to support the academic excellence, leadership, and service we expect of Millsaps College. Our Gift Services include providing both general and specific gift information that will help you select the best gift option for your needs. We can provide you and your advisors with specific gift illustrations for all gift vehicles.

 

Gifting Strategy

Primary Uses/Benefits

Gift of Appreciated Assets

Income tax savings, avoids capital gains tax, estate tax savings. Easier than making a cash gift.

 

Charitable Gift Annuity

Fixed income for life - partial tax-free, income tax deduction, simple contract, estate tax savings

 

Charitable Remainder Annuity Trust

Avoids capital gains tax, fixed income for life or term of years, income tax deduction, flexible payout rate, estate tax savings, diversity investments

 

Charitable Remainder Unitrust

Avoids capital gains tax, variable income for life or term of years, income tax deduction, flexible payout rate, estate tax savings, diversity investments

 

Charitable Lead Trust

Significant gift and/or estate tax savings; transfer assets to heirs at reduced estate costs; provide future inheritance to grandchildren

 

Retained Life Estate

Income tax deduction, retain the use of gifted asset for life, estate tax savings

 

Bequest of IRA or Retirement Plan at Death

Escapes income and estate tax on plan proceeds which can consume 60-75% of plan assets

 

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For more information contact:

Gift and Estate Planning Services
Millsaps College
P.O. Box 151191
Jackson, MS 39210-1191
(voice) 601.974.1035
(fax) 601.974.1088

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