Gifts from a will or living trust are among the most common and most impactful planned gifts.
Make a lasting impact
If you’ve ever wanted to make a significant gift to St. Olaf but didn’t want to sacrifice potential income from the gifted assets, a “life income gift” might be right for you.
Qualified retirement plan assets are popular planned gift vehicles due to the unique tax advantages they present and the ease with which a donor can update disbursement instructions.
In addition to ensuring the financial well-being of your loved ones, a life insurance policy is a powerful philanthropic tool for you and St. Olaf. Moreover, the gift arrangement can often be made with little or no additional long-term costs to you.
Retirement accounts, life insurance policies, bank accounts, and donor advised funds can pass outside of a will or trust, making planned giving flexible and cost-effective.
The IRA charitable rollover allows donors age 70 ½ and older to make direct distributions to St. Olaf College, resulting in a distinct tax advantage.