Make a Big Impact with a Future Gift

Support Bishop State’s Mission Today and Tomorrow

Planned Giving strategies include easy methods for directing your estate’s future and ensuring the execution of your wishes after your passing. Many planned giving instruments such as bequests cost donors nothing during their lifetime. Other planned giving vehicles such as life insurance allow donors to make a small investment during their lifetime and provide the charity with a significantly larger gift through their estate. Planned gifts can be directed to a wide variety of programs and projects at Bishop State Community College. The Bishop State Foundation can help you determine which giving opportunity best supports your vision for the future. Your tax and legal professionals can provide you with the advice you will need to determine which method is the most suitable for your financial situation.

Ways to Include Bishop State Community College in Your Estate Planning:

1. Bequest

Making a commitment now ensures future students will reap the benefits of your generosity. You can make a deferred gift to Bishop State Community College when you include specific language in your will naming the Bishop State Foundation as a recipient of your planned gift.

You may leave an unrestricted or restricted bequest of cash, property, or a portion of the entire residue of your estate. An unrestricted gift is the most valuable to the Foundation because it allows the Foundation to allocate funds to the college’s greatest need(s). However, you may establish a restricted gift in the form of a personalized endowment or contribute to an existing fund. Your attorney can help you plan a bequest that best suits your needs.

 

2. Life Insurance

There are two ways you can give a life insurance policy to Bishop State Community College. You can make the Bishop State Foundation either the beneficiary or the owner of the policy.  Consult your life insurance agent for more details on the various types of insurance gifts you can make to the Bishop State Foundation.

 

3. Retirement Plan

Naming the Bishop State Foundation as a beneficiary for a portion of your retirement savings is another way to make a charitable contribution to the College. The administrator of your IRA, profit-sharing account, or other retirement plans should be able to help you with this.

3 Simple Steps Will Ensure Your Legacy:

#1

Let your attorney and financial advisor know you are considering a gift to the Bishop State Foundation. They can assist you in determining what type of gift that best suits your circumstances.

#2

Contact the Bishop State Foundation; we will answer your questions and establish the gift purpose and criteria for ensuring your wishes are met.

#3

Inform your family and friends about your legacy gift and its purpose.

 

FIND OUT MORE

For more information about gifts, planned giving opportunities, and other ways to support Bishop State Foundation, please email Sherrica Hunt, Director of Institutional Advancement, and call (251) 405-7043.

Did you know? All gifts receive a written acknowledgment from the Foundation, and most gifts are fully tax-deductible.


Thank you for considering a planned gift in support of Bishop State!