| Wills/Bequests
You can use your will or living trust to make an estate gift to Jamestown College. A bequest is one of the simplest and most frequently used ways to remember Jamestown College. For sample language for a will or living trust, click here or contact Bill Robb, Director of Development, at (701) 252-3467 extension 5573 or send an e-mail to wrobb@jc.edu. For more information on bequest planning, click here. All alumni and friends who include Jamestown College in their planning will be honored in the Jamestown College Heritage Circle.
Income-Producing Gifts
You may want to make a gift to Jamestown College while retaining a source of income for the future. By establishing a Charitable Gift Annuity (CGA) or a charitable remainder annuity trust, you can assure yourself of a fixed amount of income for the rest of your life. Ultimately, the principal used to generate income through any of these gifts will benefit Jamestown College. Establishing a CGA is a great way to move funds from mature certificates of deposit (CD's), bonds or appreciated stock into an instrument that will pay you an attractive interest rate with tax benefits.
If you would like to establish a trust or a CGA with Jamestown College but do not need the income immediately, you may choose to defer receiving the income for a period of time. You may want to begin receiving income when your grandchildren reach college age (you could even fund their college education with the annuity payments) or when you are ready to retire. The income, whether fixed or variable, may be paid to you, your spouse, your children, your parents, or anyone else you name.
CharitableGift Calculator:
Use our calculator to see how one of these income producing gifts might benefit you: CLICK HERE
Current CGA Rates
Single Life (eff. 1/1/2012)
|
Age |
Rate |
|
Age |
Rate |
|
Age |
Rate |
|
5-10 |
2.0 |
50 |
3.7 |
|
73 |
5.5 |
|
11-15 |
2.1 |
51-52 |
3.8 |
|
74 |
5.7 |
|
16-19 |
2.2 |
53-54 |
3.9 |
|
75 |
5.8 |
|
20-23 |
2.3 |
55 |
4.0 |
|
76 |
6.0 |
|
24-26 |
2.4 |
56-57 |
4.1 |
|
77 |
6.2 |
|
27-29 |
2.5 |
58 |
4.2 |
|
78 |
6.4 |
|
30-32 |
2.6 |
59 |
4.3 |
|
79 |
6.6 |
|
33-34 |
2.7 |
60-61 |
4.4 |
|
80 |
6.8 |
|
35-36 |
2.8 |
62-63 |
4.5 |
|
81 |
7.0 |
|
37-38 |
2.9 |
64 |
4.6 |
|
82 |
7.2 |
|
39-40 |
3.0 |
65 |
4.7 |
|
83 |
7.4 |
|
41-42 |
3.1 |
66-67 |
4.8 |
|
84 |
7.6 |
|
43 |
3.2 |
68 |
4.9 |
|
85 |
7.8 |
|
44-45 |
3.3 |
69 |
5.0 |
|
86 |
8.0 |
|
46 |
3.4 |
70 |
5.1 |
|
87 |
8.2 |
|
47 |
3.5 |
71 |
5.3 |
|
88 |
8.4 |
|
48-49 |
3.6 |
|
72 |
5.4 |
|
89 |
8.7 |
|
|
|
|
|
|
90+ |
9.0 |
$10,000 Single Life Charitable Gift Annuity
|
Age |
Annual Annuity |
Taxed Income |
Tax-Free Income |
Income Tax Deduction |
Maximum ND Tax Credit |
|
60 |
$440 |
$106 |
$334 |
$2087 |
$835 |
|
65 |
$470 |
$103 |
$367 |
$2848 |
$1139 |
|
70 |
$510 |
$98 |
$412 |
$3615 |
$1446 |
|
75 |
$580 |
$98 |
$482 |
$4216 |
$1686 |
|
80 |
$680 |
$97 |
$583 |
$4758 |
$1903 |
|
85 |
$780 |
$81 |
$699 |
$5529 |
$2212 |
Life Insurance
You can donate a paid-up life insurance policy to Jamestown College and name Jamestown College as the beneficiary. You can donate a new or partially paid insurance policy to Jamestown College, name Jamestown College as the beneficiary, and continue to pay the premiums. You may also simply name Jamestown College as the beneficiary or contingent beneficiary of a life insurance policy.
Real Estate
Real estate that has appreciated in value is an excellent asset to use for charitable planned giving, either as an outright gift or to fund a charitable trust. You may want to consider giving your home, farm, or other land to Jamestown College, while retaining the right to live there for all or part of your remaining lifetime.
Retirement Plan Assets
Tax-deferred retirement plans are very attractive assets for charitable giving. These include individual retirement accounts (IRAs), 401(k) accounts, and 403(b) accounts. When assets are passed at death to children or grandchildren, they may be subject to both estate taxes and income taxes at rates exceeding 70 percent. Many Jamestown College donors choose to avoid these taxes by directing these retirement assets to the College upon their death by naming the College as the beneficiary of their retirement accounts.
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