Leave A Legacy through Planned Giving

  Western New England University School of Law is ready to help you meet your unique financial needs by providing gift plans that benefit you and your family, bring immediate and deferred tax advantages to both you and your heirs, and have a meaningful impact on current and future students at Western New England University.  Below is a brief overview of ways in which you can support the educational mission of the University while also enhancing your estate plans and providing for your own financial security and for that of your heirs.  If you would like to learn more about the many opportunities to support Western New England University School of Law through charitable planning, please visit our planned giving home page of www.wne.edu/plannedgiving.  There you will discover articles and e-brochures to help put your many options into perspective. On this page of our website you will also find estate planning essentials that will present you with the knowledge needed to plan your will, living trust, and powers of attorney.   For attorneys that are currently practicing in the area of estate planning, taxation or elder law, our site also contains a library of resource material for professional advisors. 

Planned gifts are an increasingly important source of Western New England University's success.  By making a planned gift, you help ensure that Western New England University will have the financial resources to provide high-quality education for many years to come.  Your planned gift may be directed towards anything from supporting the School of Law’s programs to providing scholarship assistance for future generations. You can also give to the University in general through an unrestricted gift.  Taking advantage of advanced planning is a proactive step towards ensuring that your gift intentions will be achieved.

Planned gifts can provide attractive benefits for the donor. Some types of planned gifts offer life income for the donor and/or another beneficiary. All planned gifts can provide tax advantages, depending upon the exact design of the gift and the donor's specific circumstances. In most cases, they will provide benefits to Western New England University in the future.  Western New England University's Official Bequest Language.

Donors who have made planned gifts are eligible for membership in the Cupola Society. This is special recognition to show our appreciation for your generous support and the commitment you have demonstrated to the University.  Please see additional information about joining the Cupola Society.

 

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TYPES OF PLANNED GIFTS

Planned gifts can be classified in two major categories -- revocable or irrevocable.

Revocable Gifts can be changed by the donor, allowing you to retain control of the assets during your lifetime. These gifts will benefit the University in the future (deferred gifts) and can provide estate tax benefits for the donor.

  • Wills
  • Retirement Plan Assets
  • Life Insurance (in certain cases)

Irrevocable Gifts cannot be changed. Assets are immediately transferred from the donor's control to benefit the University either immediately or at a future point. This can be at the death of the donor or secondary beneficiary or after a certain period of years. Depending on the type of gift, donors can receive an income tax deduction, annual income, and capital gains and estate tax savings.

  • Charitable Gift Annuities 
  • Charitable Remainder Trusts  
  • Charitable Lead Trusts
  • Real Estate and Retained Life Estates
  • Life Insurance (in certain cases)

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The information and examples provided here are intended to offer ideas about possible planned giving strategies.  However, your circumstances are unique.  Please consult with your tax or financial advisor concerning the implications for your personal situation.

For further information, please contact Elizabeth Simpson, Assistant Director of Gift Planning and Stewardship at 413-796-2108 or elizabeth.simpson@wne.edu

 

 
 
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