Trusts, Estates & Planned Giving
Through bequests and
other planned gifts to Lewis-Clark State
College, you are choosing the ultimate gesture
of commitment and sustainability to the mission
and vision of our college. This generous gift
shows that you understand the need to support
LCSC through estate planning, and planned giving
allows you to make charitable gifts to LCSC
while you continue to meet your current income
needs and take advantage of tax incentives.
Planned gifts include provisions for LCSC in
your will as bequests; gifts of retirement
assets, stock or mutual funds, real estate, gift
annuities, or life insurance; and gifts that
create income for you. You can make a bequest
through your will, trust, or retirement plan.
Bequests allow you to transfer assets into a
permanent source of support for LCSC. Charitable
gift annuity donors reduce capital gains taxes,
garner income tax benefits, and provide
long-term income for themselves or their loved
ones while making gifts that can transform
Lewis-Clark State College in your estate plan,
you will become a special member of the Heritage
Society. Becoming a member of this society
affords you the opportunity to make sure your
future gift is applied to the area of your
choice, such as student scholarships, academic
programs, or endowments. If you have already
identified LCSC your estate plan, please let us
know so we may acknowledge you.
below are some suggested planned giving options.
If you would like to discuss planned giving
options, please contact the College Advancement
Office at (208)792-2458 or e-mail
The most common
and simplest form of planned giving; a bequest
is a gift that is made through a donor’s will.
Individuals may include Lewis-Clark State
College in their wills by naming LCSC for either
a specific amount or a percent share of their
estate. Donors can also name LCSC as the
residual beneficiary of their estates after
payment of bequests to others.
benefits of making a bequest gift include the
fact that donors do not have to part with any
money until they die, and do not owe any estate
tax on the amount of the bequest.
annuity agreement provides older donors who give
cash, securities, real estate, or personal
property with fixed annual payments for a
specified period of time, usually for life. With
a deferred gift annuity, the annual payments do
not start when the gift is made but begin at a
later time specified by the donor.
annuities are attractive to donors who want to
receive income from assets that have risen
sharply in value, such as cash or stocks. In
return for gifts of such assets, LCSC guarantees
the donor a fixed annual income for the rest of
their lives and helps the donor avoid
capital-gains tax. The donor also gets an
income-tax break on a portion of the earnings
from an annuity; the exact amount depends on the
Estate or Stock
If you are
planning to give a gift to Lewis-Clark State
College, consider donating appreciated real
estate or stock. Your tax benefits from the
donation can be increased.
The deduction for
a donation of property to charity is equal to
the fair market value of the donated property.
When the donated property is a "gain" property,
the donor does not have to recognize the gain on
the donated property. These rules allow for the
"doubling up," so to speak of tax benefits: A
charitable deduction, plus avoiding tax on the
appreciation in value of the property. Shares of
stock have to be held for more than one year and
qualify for the "qualified appreciated stock"
deduction. Please contact your tax professional
to determine if a stock donation is best for