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The Easiest Way to Make an Impact

A Gift in Your Will or Living Trust

Interested in helping Colorado College create leaders who can change the world, but feel overwhelmed by the thought of writing another check or giving up your assets today? A simple, flexible and versatile way to ensure we can continue to provide the finest liberal arts education for years to come is a gift in your will or living trust, known as a charitable bequest.

By including a bequest to CC in your will or living trust, you are ensuring that we can continue our mission for years to come. Your gift also entitles your estate to an unlimited federal estate tax charitable deduction.

 

A Lasting Connection to CC

Julie Johnson and Preston Sargent with their son
 

Julie Johnson and Preston Sargent met as Colorado College freshman in 1975. After marrying, having three children and moving to Seattle, the couple still stays connected to the college that played such a critical role in their lives.

In addition to their annual gifts, Julie and Preston have included a bequest in their will, making them members of the Barnes Legacy Society. By simply having their attorney include a few simple sentences in their will, called bequest language, they are ensuring their support continues long into the future.

As Julie says, "We certainly hope this gift is still a ways out, but we're aware of the importance of thinking through issues around retirement. There's no reason not to commit early to supporting the next generation of CC students."

See How It Works

Learn How to Fund It

You can use the following assets to fund a bequest:

Next Steps

  1. Contact Stephany Marreel, director of gift planning at (719) 389-6231 or stephany.marreel@coloradocollege.edu for additional information on bequests or to chat more about the different options for including CC in your will or estate plan.
  2. Seek the advice of your financial or legal advisor.
  3. If you include CC in your plans, please use our legal name and Federal Tax ID.

Legal Name: Colorado College
Address: 14 East Cache La Poudre St., Colorado Springs, CO 80903
Federal Tax ID Number: #84-0402510

Ready to start planning today? View and download your free copy of A Guide to Making Your Will: Direct Your Assets to the People and Causes You Care About Most.View Your Brochure
Not Sure How to Begin Planning?Download Your Personal Estate Planning Kit

A charitable bequest is one or two sentences in your will or living trust that leave to Colorado College a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I, [name], of [city, state, ZIP], give, devise and bequeath to The Colorado College, City of Colorado Springs, County of El Paso, State of Colorado, [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

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able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to CC or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the gift tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to CC as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to CC as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and CC where you agree to make a gift to CC and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Deferred Gift Annuity

You can defer your payments until a later date that you specify.

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Flexible Deferred Gift Annuity

You choose a time range in which to begin receiving payments.

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Personal Estate Planning Kit Request Form

Please provide the following information to view the materials for planning your estate.

eBrochure Request Form

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