What are the benefits?
Planned giving offers many potential benefits:
- Increase your current income or secure a retirement income for you or your loved ones
- Reduce or eliminate income taxes including capital gains, generation skipping, gift, inheritance and transfer taxes
- Pass on your assets to your loved ones with reduced estate taxes
- Ensure the future of Manchester Community College
Why should I make a planned gift to MCC?
A planned gift can extend your support far into the future. Manchester Community College’s legacy began by asking a simple question: What if we could open the doors of higher education and create opportunities for all? Your legacy gift can ensure that MCC has the means and resources to continue its track record of providing innovative and affordable learning opportunities to diverse populations for years to come.
What are the different types of planned gifts?
Bequests: You may choose to bequeath a portion of your estate, as a percentage or dollar amount, to Manchester Community College through your will or living trust.
Charitable Remainder Trusts: You may transfer assets such as stocks, mutual funds, or real estate to Manchester Community College.
Life Insurance: You may contribute a fully paid policy, naming Manchester Community College irrevocable owner and beneficiary which will allow you to take an income tax deduction equivalent to its cash value.
Retirement Plan Assets: You may utilize your IRAs, 401(k)s, 403(b)s and other retirement plans to name Manchester Community College as your survivor beneficiary, removing some highly taxed assets from your estate and allowing lesser-taxed assets to remain with your beneficiaries.
How do I make a planned gift to Manchester Community College?
It is advisable to talk to your personal financial advisor before making any decisions about your finances. For information about designating a gift to Manchester Community College, please contact:
Director of Development