Skip to main content

Gift Planning

office of advancement

There are many ways to provide for BC Law while meeting your and your
family’s financial planning goals. The following outlines a few options.

ALERT: IRA Charitable Rollover Now Permanent                     

Under federal legislation signed on Dec. 18, you can use your Individual Retirement Account (IRA) to make a gift to your favorite charitable institutions, including Boston College Law School.

Individuals age 70 ½ and older can now instruct their IRA administrators to make a distribution directly to BC Law and exclude the amount of the gift from their gross income for federal tax purposes.

By making an IRA charitable rollover, you can:

  • Satisfy your required minimum distribution
  • Avoid federal and, in many cases, state income taxes
  • Provide critical support to the BC Law program or initiative of your choice

Maximize your 2015 charitable gift—and create an immediate and tangible impact at BC Law.

Already made an IRA rollover in 2015? Your gift will be covered by this legislation. 

To be eligible:

  • You must be 70½ years of age or older at time of distribution
  • Total charitable gifts cannot exceed $100,000 per taxpayer each year
  • Transfers from traditional and Roth IRAs must be made directly from the account administrator to BC Law

To make a gift:

  • Contact your IRA administrator to request that a charitable distribution be transferred to Boston College Law School
  • To ensure gifts are properly recognized and recorded, instruct your IRA administrator to indicate the donor’s name on the check and specify that the gift is an IRA charitable distribution
  • Send your check to:

            Boston College Law School
            Cadigan Alumni Center
            140 Commonwealth Avenue
            Chestnut Hill, MA 02467

            Boston College Tax ID: 04-2103545

Note: The IRA charitable rollover is federal law; state and local law may not provide the same benefits.

Learn more: To discuss how an IRA charitable rollover can benefit you and help make a difference at BC Law, contact Jessica Cashdan at jessica.cashdan@bc.edu. 

 

Gifts of Appreciated Securities

Many people have stock holdings that have appreciated significantly. If some of these shares were sold, they would be subject to capital gains taxes. A gift of appreciated securities allows the individual to avoid capital gains taxes on the contributed shares and to be credited with a gift valued at the full fair market value of those shares. Click here for information on transferring securites.


Life Income Gifts

Federal tax laws provide for ways to structure a gift that provides a stream of income to the donor and/or another beneficiary the donor may name, while giving the donor a charitable deduction for his or her philanthropy. Among the most commonly used of such gift vehicles are charitable gift annuities and charitable remainder trusts. Life income gifts provide an immediate charitable deduction to the donor, even though the Law School's use of the contributed assets is deferred until the term of the gift vehicle has expired. With life income gifts, it frequently is possible to improve the level of the donor's annual income, even while expressing one's philanthropic interest in Boston College Law School. Through such charitable gifts, a donor may also actually improve the value of the estate he or she wishes to leave to heirs. In the final analysis, the potential advantages of such gift arrangements often enable individuals to make charitable gifts at levels much higher than they thought possible. 
 

Gifts of Life Insurance

It is not uncommon to own a life insurance policy that is no longer needed for its original purpose. Such a policy can be contributed to the Boston College Law School by irrevocably transferring ownership of the policy to Boston College and designating the Law School as the beneficiary. In general, gift credit is given for the cash surrender value and that value may be claimed as an income tax deduction in the transfer year.


Bequests

A bequest to Boston College can be a powerful expression of your faith in the future of BC Law. A legacy gift provides significant future support to the School, while allowing you to retain your assets throughout your lifetime. You can designate Boston College Law School as a beneficiary of your estate. Bequests may be made for a specific amount or for a percentage of the residual estate after all specific bequests have been fulfilled. If you have named the Law School as a beneficiary of your estate are age 70 or older, and would like your gift to help BC Law reach its Light the World campaign goal, please complete and return the Shaw Society Enrollment Form (PDF format).
 

SHAW SOCIETY


As part of the Light the World campaign, the University has set a goal of 5,000 legacy gifts (e.g., bequests, charitable gift annuities, charitable remainder trusts and lead trusts). The Law School is committed to securing 500 legacy gifts as part of the larger 5,000 goal set by the University.

Our colleagues in the Office of University Advancement include experts in trained in helping alumni achieve their personal philanthropic goals, including giving through bequests, retirement funds, charitable annuities or trusts, or making gifts of property, life insurance policies or other assets. To learn more, please visit the Boston College Gift Planning Web Site.

Contact the Director of Gift Planning, Ericka Webb at ericka.webb@bc.edu with questions Please specify if you wish to make your gift to BC Law.

 

This page links to PDF files. Use this link to download Adobe Reader if needed.