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Contributions from individuals, foundations
and organizations provide the base of support for Thomas
More College’s programs,
and help ensure the highest quality education now and in the future.
There are many ways to assist the school financially – from
outright gifts and endowments to securities and bequests. Whatever
method you choose, the Office of Institutional Advancement will make
sure that your gifts will not only be put to the best use, but that
you or your organization receive the maximum benefits, tax breaks
and recognition for your generosity.
The Office of Institutional Advancement staff
is available to assist you and your professional advisor in planning
just the right gift. Contact us at 859-344-3344,
800-825-4557, or by e-mail at advancement@thomasmore.edu.
Outright Gifts
Outright gifts are used to meet the College's current needs, helping us with
our mission to educate disciplined thinkers and ethical leaders and are the
most popular way to show support for the College. The most common outright
gifts come in the form of cash, check, money order, credit card charge, securities,
real estate and/or personal property.
Endowment
Endowed funds and gifts are invested rather than used as cash for immediate
needs. An endowment is a permanent investment in the future of Thomas More
College and an important source of revenue. Endowed funds create a foundation
for fiscal growth and stability, while generating a reliable portion of income
for scholarships, professorships and programs.
Securities
Transferring or purchasing securities are particularly attractive ways to contribute
to the College, as you are entitled to tax deductions for the full-market
value of the security, while benefiting from not paying sales fees or income
tax on the gain.
Matching Gifts
Many companies and organizations will match investments you make to Thomas More College. To find out if your company has a matching gift policy, click here.
Planned Giving
There are number of ways the Office of Institutional Advancement can assist
in aligning your financial and estate planning with the Thomas More College's
educational mission. Planned gifts such as life insurance,
bequests, trusts and annuities provide
benefits that can help not only the College, but your family as well.
Life Insurance
Naming the College as the
beneficiary or owner of a new or existing life insurance
policy provides an immediate income-tax deduction for the
current value of the policy, while making a significant
contribution to the College.
Bequests
You can include the College in your will to
show your support for Thomas More College. Types
of bequests include a designated dollar amount, a percentage
of your estate, or a remainder investment after bequests
to other interests have been paid.
Charitable Trusts
A charitable remainder trust
pays income to you and eventually benefits Thomas More
College. Your investment may be funded with cash, appreciated
securities, or real estate. A charitable remainder annuity
trust or unitrust can provide you with an immediate income
tax deduction, as well as income for yourself or to others
for life.
Annuities
A charitable investment annuity,
which can be created with a relatively modest amount, is
a flexible way to make a gift, and at the same time
provide a fixed income for life for you and/or others
you choose. The amount of income you receive is based upon
your age at the time you make the investment. By deferring
the income, you increase both the amount of your charitable
deduction and the amount of income you will
receive from your investment.
10% from all temporarily restricted funds raised by the College during any fiscal year will be allocated to offset fundraising activities.
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