From financial aid...to supporting programs and co-curricular activities...to expanding academic departments...to promoting alumni programs...to enriching the campus — your gifts make a profound difference to the entire Wentworth community.
And the best part is that your gifts help not only Wentworth, but they also benefit you as well. From tax breaks....to earning you income....to the satisfaction of knowing you have made a difference to future students, your gifts benefit both you and Wentworth.
The Institute deeply appreciates your generosity, and our staff is dedicated to try to make your gift as rewarding for you as it is for Wentworth. That's why we want you to know about how you can plan your gift so that it benefits you (or your family) in a way that suits you best.
Depending on which type of planned giving method you choose, you may enjoy these benefits:
Income tax savings
No matter what type of gift you give, your donation is income tax-deductible for you as a charitable contribution.
Income for life
With a Life Income Gift, Wentworth pays you (or your beneficiaries) income for life, or for a specific amount of years. Depending on the type of Life Income Gift you choose, the payments can either be fixed or variable. Life Income Gifts also have the potential to help you receive a higher return on your assets; increase your portfolio diversity; and save on income, capital gains, gift, and/or estate taxes.
There are several different methods to create a Life Income Gift; please contact us if you have any questions. We are happy to work with you to help develop a gift plan that is the best fit for your situation.
Gifts that generate a fixed income
Gifts that have the potential for growth
- A Charitable Remainder Unitrust allows your gift to return a variable income for the lifetimes of the beneficiaries you name, a fixed term of not more than 20 years, or a combination of the two.
Leaving a legacy with a campus naming opportunity
What legacy do you want to leave behind? Have you considered naming a physical space, Endowed Scholarship, or an Endowed Professorship in honor of yourself, your family, or a loved one? If this sounds like the kind of legacy you would like to leave, read more about campus naming opportunities.
A way to give now that costs you nothing today, but leaves a legacy later
Did you know that you can give a gift now that costs you very little (or nothing), but will have a significant impact on Wentworth? Examples include the following types of gifts:
Reduced estate and gift taxes
Many gifts will help to reduce your estate and gift taxes. If you are specifically looking to save on estate taxes, you might want to especially consider donating your retirement plans, which are often subject to extremely high estate tax rates, often ranging from 50%-60%.
Membership in Wentworth's Giving Society
Wentworth honors our donors and their commitment to the Institute with membership in the Wentworth Giving Society.
Please note that information and calculations are for illustration purposes only and should not be considered legal, accounting, or other professional advice. Your actual benefits may vary depending on the timing of the gift. |
