If the entire deduction cannot be used in one year, the donor may carry forward the unused portion of the charitable deduction for five additional years. The five-year carry over applies as well. No capital gains tax is incurred at the time of transfer of appreciated assets to the trust. Use of a charitable remainder trust can help reduce your estate taxes. When you consider making a gift to Hendrix College, you may wish to ask yourself a few questions.
Careful planning is crucial when considering estate plans.
We have staff at Hendrix who are prepared to provide personal and confidential support and analysis for you. Through a gift, you may also establish a scholarship, named as you choose, to assist Hendrix students. You might also be interested in increasing the College's endowment, supporting the Annual Fund or a specific program or facility at Hendrix. The Hendrix College Heritage Society was established by the Board of Trustees of the College to honor those who name the College as a beneficiary in their will, trust, or life insurance policy. All members are recognized on a plaque displayed in the lobby of Fausett Hall on the Hendrix campus.