You can include the Lansing community College Foundation in your will or trust, including living trusts and charitable remainder trusts. We recommend these provisions be discussed with your attorney and tax advisor. A gift included in your will or living trust can establish a lasting legacy.
A charitable remainder trust provides the flexibility to designate a deductible gift to the LCC Foundation today, while the donor receives an income stream during your lifetime. Gifts that provide an income can be a tax effective way to provide you with regular payments for life or another period of time.
You can name the LCC Foundation as the beneficiary of your life insurance policy in full or in part. A gift of whole life insurance can be made to the LCC Foundation by naming the Foundation as the irrevocable owner and beneficiary of the policy.
Contributions of appreciated securities are popular to people who have had the stocks for a long period of time and the capital gains would take a significant portion of the value if they were liquidated. Direct taxation of the appreciation is avoided for income tax purposes.
A variety of personal assets may be used to establish a fund. The Foundation is responsible for turning the asset into cash. All gifts of real estate must be approved by the Foundation Board of Directors.
A gift of excess retirement funds, such as pension plans or Individual Retirement Accounts (IRAs) may allow you to give more while eliminating taxes that may otherwise largely deplete the assets.
Washington Court Place
309 N. Washington Ste. 201
Phone: (517) 483-1985
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