Life insurance is one way to make a significant gift for a relatively small cost. Tax benefits vary depending on the circumstances related to the individual gift. A bequest through a will is the most frequent form of planned giving, largely because it can be a means to make a substantial gift without diminishing the donor s assets during his or her lifetime. Depending on the donor s basis, a tax deduction is available in the year of the gift or spread out over several years. Such charitable remainder gifts can provide several economic advantages, such as retained use of the property for life, tax deductions, and avoidance of capital gains taxes.
Most individuals are able to make the largest gift of their life through planned giving.
To honor those individuals, St. Mary s established the Mulberry Tree Society in 1995. If you provide for St. Mary s College in your will, please let us know and you will automatically become a member of this exclusive society. A stately plaque, with the name of each member engraved on a brass marker, hangs prominently in the foyer of Calvert Hall. Any gift to the College can be restricted to selected campus areas, based on the donor s interests. In addition, gifts can be made in honor of someone in the donor s life or in memory of a loved one.