Estate planning enables you to leave a legacy at Madison College to support future generations of students. Planned gifts also allow our alumni and friends to fulfill their financial and estate planning goals.
Gift planning integrates your charitable gift into your overall financial, tax and estate planning to maximize benefits both to you and to Madison College. Planned giving expands the educational and economic impact of your gift because the beneficiaries—Madison College alumni—remain in our area to live and work as essential members of our local communities.
You can help ensure the future success of technical and community education tomorrow through gift planning today. Depending on the arrangements you choose, you can also:
- Reduce income taxes
- Avoid taxes on capital-gains
- Increase spendable income now
- Retain payments for life
Wills and Bequests
A gift through your will is the simplest way to make a significant, planned gift.
You may qualify for an estate-tax charitable deduction for the value of your gift through a bequest to the Foundation. Above all, you can be confident that your generosity will support technical and community education for years to come.
Your will or trust can stipulate that a specific sum of money, a percentage of your estate, a piece of property, such as a work of art, real estate or other items are given to the College through the Foundation.
Whatever form of bequest you choose, it is not subject to federal estate taxes, which significantly reduces the tax burden of an estate. The value of the bequest may be deducted when the taxable estate is determined, and there is no limit to the deduction.