Planned Giving Establish Your Legacy

Choosing to remember Culver-Stockton College with a gift through your will or using another estate planning technique is about more than maximizing financial goals and tax benefits. It’s a way of establishing your legacy and harnessing your passion to make a lasting impact on the future of Culver-Stockton College. By establishing a planned gift, you are strengthening the ties that bind you to our institution. Whether it is your connection to the Christian Church, love for your Greek organization, or strong belief in private liberal arts education, estate planning can help you give differently and make an impact on the lives of deserving students both today and tomorrow.

Ways to Give: Flexibility to Meet Your Needs

Gifts in a Will - Bequests

A bequest is a gift from your estate which is free from federal estate taxes and income taxes. By planning ahead and naming Culver-Stockton College in your will, you can designate your assets for charitable use and ensure that the institution continues to educate students of promise for generations to come.

Bequest Options
Type of Bequest Description
General gift a specific dollar amount to C-SC from your estate
Specific designate C-SC as the future owner of a piece of property or other tangible asset
Residual name C-SC as the owner of your estate after all debts, taxes, expenses, and other bequests have been paid
Percentage gift C-SC a percentage of your estate or the residual of your estate
Contingent identify C-SC as the alternate or contingent beneficiary in the event that your primary beneficiary is deceased or unable to accept your intended gift
Unrestricted Bequest

I give, devise, and bequeath to Culver-Stockton College, a Pro Forma Decree Corporation chartered by the State of Missouri in 1853, and located in Canton, Lewis County, Missouri, X (insert here sum of money, portion of estate, or description of property). OR: the rest and residue of my estate which shall be used for such purposes as the College may designate.

Restricted Bequest

I give, devise, and bequeath to Culver-Stockton College, a Pro Forma Decree Corporation chartered by the State of Missouri in 1853, and located in Canton, Lewis County, Missouri, X (insert here sum of money, portion of estate, or description of property) OR: the rest and residue of my estate which shall be used for X (insert here purposes and conditions for and under which bequest is to be used).

Beneficiary Designation or Ownership

Eligible Assets

Life Insurance Policy (Whole Life)
Retirement Account
Bank Accounts, Certificates of Deposit, or Brokerage Accounts

Beneficiary

By naming C-SC as beneficiary of a life insurance policy, retirement account, or financial asset (bank account, certificate of deposit, or brokerage account), you reduce the future tax burden for your loved ones.

Policy Owner and Beneficiary

There is further opportunity to take advantage of potential tax savings benefits by transferring policy ownership of an asset to Culver-Stockton College while you are still living. When C-SC is named both owner and beneficiary, any premium payments still due on the policy can be made directly to C-SC as a charitable gift (and, therefore, a tax deductible contribution for you) and C-SC pays the premium payment directly to the insurance company or other holder. Once ownership has been transferred, Culver-Stockton College maintains complete control of the policy or account.

Assets - Securities, Property, Real Estate

Property, Securities, Real Estate

There are many ways to gift property, securities, and real estate to Culver-Stockton College, including options which provide tax-savings benefits during your lifetime such as taking advantage of a federal income tax charitable deduction and avoiding paying capital gains tax. For more information about how to make a gift of property, securities, or real estate, please consult your tax advisor or attorney. Because of the nature of these gifts, it is important to consult the Advancement Office at Culver-Stockton College before establishing a gift of this sort.

Charitable Gift Annuity

Charitable Gift Annuities

A Charitable Gift Annuity is a contractual agreement in which the donor gives assets in exchange for the organization's promise to provide the donor with payments for life. When you create a charitable gift annuity with Culver-Stockton College, your donation is divided into two parts: an amount attributable to the charitable gift portion (donation to the scholarship, program, or fund of your choosing) and the amount attributable to your annuity payments. Charitable Gift Annuities can be funded with cash, appreciated securities, closely held stock, real estate, or tangible personal property. Consult your estate planning attorney for current annuity rates and applicable ages for gift annuity eligibility.

*Deferred Annuity: If you are younger than 60 or do not need your payments immediately, you can set up a deferred gift annuity. This allows you to delay receiving payments until a later date—such as when you reach retirement.

Trust - Charitable Remainder Trust, Charitable Lead Trust

Trusts

Together with your estate planning advisor, tax advisor, or estate planning attorney, you can determine which option best fits your needs. Both Charitable Remainder Trusts and Charitable Lead Trusts offer multiple payment options which can benefit you and your loved ones while making a significant impact on Culver-Stockton College.

A Lasting Legacy: Learn More and Connect

Supporting Culver-Stockton College with a planned gift is a deeply personal decision and we are here to help you every step of the way. The Advancement Team is committed to working together with you, your family, and your professional advisors to craft a planned gift that is personal, practical, and transformational. Should you wish to inform Culver-Stockton College of an existing gift, open a conversation about a potential gift, or receive more information about making an estate gift, please contact Courtney Pourciaux, Director of Major Gifts and Estate Giving, at 573-288-6390 or cpourciaux@culver.edu.

Next Steps

Step 1

If you are considering the possibility of planned giving, contact an estate planning attorney or financial advisor to discuss your desire to include Culver-Stockton College in your future plans.

Step 2

Dream BIG about the way you want to impact Culver-Stockton College for future generations. Planned Gifts can support programs, help fund our endowment, provide scholarship support to deserving students, and much more, all while establishing your legacy on “the Hill.” No matter what you are passionate about, a planned gift is a great way to make a transformational difference for Culver-Stockton College while providing yourself or your loved ones with potential tax-savings benefits and the Advancement Office is here for you every step of the way.

Step 3

If you have already included Culver-Stockton College in your future plans, we would love to open a conversation about how you would like the institution to best honor your vision for your legacy gift. Sharing information about your intended estate gift will allow us to have important conversations to ensure that your vision is carried out in the way you intend to leave your legacy at Culver-Stockton College.

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Planned Giving

This information is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor.