Planned giving offers donors flexibility and creativity. Unlike annual gifts that are made from current income, planned gifts are usually made from capital assets. Because of its economic and tax benefits, planned giving allows you to give generously while preserving your financial security, providing for a loved one, reducing estate and income taxes, avoiding capital gains taxes on highly appreciated assets, and/or increasing income from low-yielding securities.
Including Harcum in Your Will
The most common planned gift is a bequest because of its many advantages:
- It is simple to arrange in your will.
- It is revocable, allowing you to make changes if circumstances warrant them.
- If you qualify for the estate tax, your bequest is fully deductible for estate tax purposes, regardless of the amount.
- You may designate your bequest to support areas or programs that matter most to you.
While unrestricted bequests are important to Harcum because they enable the Trustees to match funds with current demands, we are also delighted to receive bequests that match your special interests. For example, you may designate that your bequest be:
HOW DO YOU INCLUDE HARCUM IN YOUR WILL?
- Held as endowment, with the income only to be used for general purposes or a particular use.
- Used to upgrade and support the College’s physical facilities.
- Used to establish a fund in your name or in memory of another.
We encourage you to discuss the best giving method for you and your family with your attorneys and/or financial advisors. There are many ways you may include Harcum in your will:
An outright bequest: A specified dollar amount or specific asset, which you set aside in your will as a gift to Harcum. The wording for an outright bequest may be as follows:
| I GIVE, DEVISE AND BEQUEATH TO THE TRUSTEES OF HARCUM JUNIOR COLLEGE IN BRYN MAWR, PA…
THE SUM OF _________ DOLLARS.
________SHARES OF CAPITAL STOCK OF ________CORPORATION
THE FOLLOWING PROPERTY…
A residuary bequest: A portion of your estate to be used as a charitable gift, to be transferred only after other distributions have been made. An example of a residuary bequest is:
|ALL THE REST, RESIDUE AND REMAINDER OF MY ESTATE, I GIVE, DEVISE AND BEQUETH __________% THEREOF TO THE TRUSTEES OF HARCUM JUNIOR COLLEGE IN BRYN MAWR, PA.
A contingent bequest specifies that your estate, or part of it, passes to Harcum College only if your beneficiaries fail to survive you.
NOTE: By naming Harcum College as a beneficiary of an IRA, 410 (k), or other pension plan, you may avoid the income tax incurred when IRA or pension plan assets are payable to individuals. Please speak with your attorney or pension plan professional for more information.
For more information on other forms of planned gifts including charitable remainder trusts and charitable lead trusts, please contact Dr. Susan E. Barrett, Vice President of College Advancement at 610-526-6005 or email@example.com
Estate planning is a deeply personal process and we recognize that many wish their bequest intentions to remain confidential. However, if you would like to share them with us, we will be delighted to welcome you as a member of our Edith Hatcher Harcum Society. If you are willing, we will also acknowledge your support in our Annual Report of Donors, as an expression of our appreciation and to encourage others to make similar gifts.
THE EDITH HATCHER HARCUM SOCIETY
The College established the Edith Hatcher Harcum Society to honor its alumni and friends who share a vision and commitment to the future by including Harcum in their estate plans. When Edith Hatcher Harcum first founded Harcum College in 1915, she believed in fostering the potential in her students and preparing them for rewarding, well-rounded lives. Today, Harcum continues this focus while offering outstanding career preparation and a sound foundation for further academic study. By including Harcum in your estate plans, you will help ensure opportunities and change lives for generations of students to come.