Blended Gift
Make your giving go farther than a simple gift of cash or property by combining lifetime and estate gift options.
There are many combination gift options that can make your giving go further than a simple gift of cash or property. Blended gifts are gifts that help you see the impact of your giving today and continue to support Luther?s mission in the future.
Benefits of Blended Gifts
- Increase the impact of your giving
- Preserve wealth for you and your family
- Enjoy greater tax savings
- See the results of your giving today
Blended Gifts Video
How Blended Gifts Work
- A planned gift can be added to your annual gifts of cash or property this year to increase the impact of your giving, provide greater tax savings, preserve wealth for you and your family and further the college's mission.
- Some options to consider include a charitable bequest, charitable gift annuity, or charitable remainder unitrust.
- If you've already included a bequest in your will or established another planned gift, you can begin seeing the impact of your giving today by making outright gifts of cash or property. Gifts of real estate, stock, or other appreciated assets can also help you avoid capital gains taxes while supporting Luther College.
Popular Blended Gifts
1. Gift and Bequest
A "Gift and Bequest" is a combination of a current gift and a charitable gift made in your will or trust. It is an easy way to support our mission today and make a lasting future impact on Luther College.
Benefits:
- Receive a charitable income tax deduction for your gift made to Luther College this year
- Continue to use and control your assets during your lifetime
- Leave a lasting legacy through a bequest to support our mission after your lifetime
How it works:
- You can make a gift to support Luther College this year by contacting us or visiting our website. A charitable bequest is a way to make your giving go further. With the help of an attorney, you can include language in your will or trust specifying a gift to be made to Luther College as part of your estate plan, or you can make a bequest by designating the college as a beneficiary of your retirement account or life insurance policy.
2. Endowment Gift and Bequest
Endowment giving is vital to sustaining the important work of Luther College. An Endowment Gift and Bequest combines a current gift to support our endowment with a charitable gift in your will or trust. It’s an easy way to support Luther College today while creating a lasting legacy for the future.
Benefits:
- Receive a charitable income tax deduction for your endowment gift this year
- See firsthand how your gift makes a difference
- Leave a lasting legacy at Luther by including a bequest to endow your giving
How it works:
- You can make a gift to support Luther College’s endowment this year by contacting us or making a gift online. A charitable bequest is an easy way to continue your support beyond your lifetime. With the help of an attorney, you can include a gift to Luther College in your will or trust, or designate Luther College as a beneficiary of your retirement account or life insurance policy.
3. IRA Rollover Gift and Bequest
A powerful way to support Luther College is to make IRA rollover gifts during your lifetime and include a future bequest. Your bequest extends the impact of your lifetime gifts far into the future. An IRA Rollover Gift and Bequest allows you to achieve your philanthropic goals. Start supporting our work today while building your lasting legacy for tomorrow.
Benefits:
- If over age 70½, you can roll over up to $108,000 from your IRA to Luther College
- No income tax is owed on the IRA charitable rollover
- If you are over age 73, your IRA rollover may fulfill your required minimum distribution
How it works:
- You can begin your IRA rollover giving plan during your lifetime, making gifts each year and continuing with similar gifts in future years. You can also extend the impact of your giving by including a charitable bequest as part of your estate plan. A bequest is an easy way to leave a gift to Luther College and create a lasting legacy.
4. Gift and gift annuity
An attractive way to support Luther College while receiving lifetime payments is to make a gift today and fund a charitable gift annuity. A Gift and Gift Annuity allows you to achieve your philanthropic goals while providing financial benefits.
Benefits:
- Receive a charitable income tax deduction for your gift
- Enjoy fixed payouts for one or two lives
- With a gift annuity funded with cash, a substantial portion of each payout is tax-free
How it works:
- You can make your giving go further and create a lasting legacy by pairing a current gift with a charitable gift annuity. We provide fixed payments to you, along with tax savings, while your gift supports Luther College’s mission. After all payments are completed, your gift continues to advance our work and ensures a lasting impact. A Gift and Gift Annuity is an excellent way to maximize the effect of your generosity.
More on blended gifts
Are you interested in making a significant gift this year, or are you considering a bequest or multi-year gifts? Blended gifts combine the power of current gifts and planned gifts, including bequests, to maximize your impact. They can be an attractive way to achieve your financial, tax, and estate planning goals while supporting Luther College?s mission.
Contact Us
If you have questions about blended gifts, we're happy to help. Contact us to learn more or discuss ways to make your giving go further.
