Notre Dame College is grateful to the alumnae and friends who have either named Notre Dame College in their wills or have established another planned giving vehicle, such as an annuity, a trust or life insurance.
In 1996, the Marian Legacy Society was founded to recognize those who are committed to providing future generations with a values-based education at Notre Dame College.
Through planned giving, members of the Marian Legacy Society affirm their support of the mission of the College and the Sisters of Notre Dame. We are grateful for their thoughtfulness and generosity.
The following information provides you with examples of planned giving options. Our staff is here to assist you in making a gift that can provide significant impact at Notre Dame College, as well as benefits for you and/or your beneficiaries in reducing or eliminating capital gains taxes on appreciated assets and significantly reducing income and estate taxes.
Before making any planned or significant gift to Notre Dame College, we also encourage you to contact your attorney or financial advisor to discuss the benefits of giving.
Making a Cash Gift
Many cash gifts to Notre Dame come from current income and are made in the form of cash, money order or personal checks.
Making a Gift of Stocks and Securities
A gift of appreciated stock or securities is one of the most attractive methods of realizing your charitable intentions towards Notre Dame College. Gifts of stock, bonds, or other securities entitle you to a charitable deduction equal to the fair market value on the date the gift is made, provided you have owned the securities for more than one year. In addition, you do not incur capital gains taxes on the transfer of securities to Notre Dame College.
Life Income Gifts
If you wish to make a significant gift to Notre Dame but are not sure how, you might want to consider a planned gift that generates income back to you. Through a planned gift you can give assets to Notre Dame College, but retain the right to receive income for yourself, spouse and children. The College manages the assets and guarantees a rate of return based on specific restrictions. In most cases, the immediate beneficiary of the assets is Notre Dame College. You will receive a charitable deduction for a portion of the value of your gift in the year the gift is made. You may also be able to avoid or defer capital gains taxes.
Life Insurance Gifts
A life insurance policy may offer a simple way to support Notre Dame College particularly if your family no longer needs life insurance for financial security after your death.
You can make Notre Dame College the owner and beneficiary of the policy for an immediate tax deduction. Notre Dame College works in collaboration with an organization that may give you a cash settlement for your life insurance policy as well. Note: State laws govern the deductibility of life insurance gifts. It is important to consult your attorney or financial planner before making this type of gift to Notre Dame College.
Making a Gift Through a Will
One of the most popular methods for leaving a gift to Notre Dame College is to make arrangements through a will. Over the years, many Alumni and friends of Notre Dame have provided for our students through a charitable bequest.
Making a will does take a little effort. However, a will makes things easier for those left behind, and distributes your assets as you wish.
And, if you tell us, we can recognize your generosity right now and include you as a member of the Marian Legacy Society. Your gift may inspire another person to consider a bequest. Select this link for more information on the Marian Legacy Society.
You have the option of leaving a definite amount (specific bequest), a partial interest in your estate (percentage bequest), or a gift of whatever is left after all the other costs and bequests have been honored (residuary bequest).
I, John Q. Public, do hereby devise and bequeath to the Notre Dame College, an Ohio not-for-profit organization, located in South Euclid, Ohio, the sum of $100,000 to be used (a) for the benefit of Notre Dame College as the Board of Directors may determine; or (b) for the establishment of an ABC Scholarship, the criteria for which are on file at Notre Dame College.
I, John Q. Public, do hereby devise and bequeath to the Notre Dame College, an Ohio not-for-profit organization, located in South Euclid, Ohio, 50% of my estate to be used (a) for the benefit of Notre Dame College as the Board of Directors may determine; or (b) for the establishment of an ABC Scholarship, criteria for which are on file at Notre Dame College.
All the rest, residue and remainder of my estate, both real and personal property, give, devise and bequeath to Notre Dame College, an Ohio not-for-profit corporation, located in South Euclid, Ohio, to be used (a) for the benefit of Notre Dame College as the Board of Directors may determine; or (b) for the establishment of an ABC Scholarship, criteria for which are on file at Notre Dame College.
To discuss any of these options and how to become a member of the Marian Legacy Society, please contact Maureen Ischay, Executive Director of Development, at 216.373.5335(or toll free: 1.877.NDC.OHIO Ext. 5335) or firstname.lastname@example.org.
Giving Clubs and Societies
|President's Club Gold||$10,000 and above|
|President's Club Silver||$5,000 to $9,999|
|President's Club Bronze||$1,000 to $4,999|
|Tower Club||$500 to $999|
|Notre Dame Club||$300 to $499|
|Century Club||$100 to $299|
|Friends||$1 to $99|
|Marian Legacy Society||Planned Gifts|