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Common Planned Gifts


Did you know there are ways to support Mount St. Mary's University that don't affect your current lifestyle or your family's security? You can support Mount St. Mary's with gifts that don't impact the way you live. You can designate Mount St. Mary's University to receive estate assets in the future, or you can make immediate gifts to us of assets that are "out of sight and out of mind."

We call these "Gifts Anyone Can Make" because anyone can make them now without impacting cash flow, lifestyle, or family security.

Gift from a will or trust
Retirement Plan Gifts
Stock and Appreciated Assets Gifts
Life Insurance Gifts


Gifts from Your Will or Trust

How It Works

  • Include a bequest to Mount St. Mary's University in your will or trust.

  • Make your bequest unrestricted or direct it to a specific purpose.

  • Indicate a specific amount, or a percentage of the balance remaining in your estate or trust.

Benefits

  • Your assets remain in your control during your lifetime.

  • You can modify your gift to address changing circumstances.

  • You can direct your gift to a particular purpose (be sure to check with us to make sure your gift can be used as intended).

  • Under current tax law, there is no upper limit on the estate tax deduction for your charitable bequests.


Retirement Plan

How It Works

  • Name Mount St. Mary's University as a beneficiary of your IRA, 401(k), or other qualified plan.

  • Designate us to receive all or a portion of the balance of your plan through your plan administrator.

  • The balance in your plan passes to Mount St. Mary's after your death.

Benefits

  • Avoid the potential double taxation your retirement savings would face if you designated them to your heirs.

  • Continue to take regular lifetime withdrawals.

  • Maintain flexibility to change beneficiaries if your family's needs change during your lifetime.


Stock and Appreciated Assets

How It Works

  • You transfer appreciated stocks, bonds, or mutual fund shares you have owned for more than one year to Mount St. Mary's University.

  • Mount St. Mary's sells your securities and uses the proceeds for its programs.

Benefits

  • You receive an immediate income tax deduction for the fair market value of the securities on the date of transfer, no matter what you originally paid for them.

  • You pay no capital gains tax on the transfer when the stock is sold.

  • Giving appreciated stock could be more beneficial than giving cash.


Gifts of Life Insurance:

How It Works:

  • You transfer ownership of a paid-up life insurance policy to Mount St. Mary's University.

  • Mount St. Mary's elects to cash in the policy now or hold it.

Benefits:

  • Make a gift using an asset that you and your family no longer need.

  • Receive an income tax deduction.

  • In some cases, you can use the cash value in your policy to fund a life-income gift, such as a deferred gift annuity.

 
16300 Old Emmitsburg Road | Emmitsburg, MD 21727
Map & Directions | admissions@msmary.edu | 301-447-6122
Frederick Campus | 5350 Spectrum Drive | Frederick, MD 21703
Map & Directions | inquiry@msmary.edu | 301-682-8315