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Gift Planning

office of institutional advancement

Gift Planning

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,

IRA Rollover Gifts. Charitable IRA rollover legislation has been extended
through Dec. 31, 2013, so you can make tax-free distributions from your IRA
to Boston College Law School all year long.

Maximize your 2013 charitable gift—
and create an immediate and tangible impact.

Such gifts:

• Satisfy requirements for annual minimum withdrawals


• Avoid federal and, in many cases, state income taxes


• Provide critical support to the BC Law

To be eligible:

• Donors must be 70½ years of age or older at time of distribution


• IRA transfers should be made directly from the account administrator
to Boston College


• Gifts may total up to $100,000 per year



Read below on how to make an IRA Rollover Gift

Donors should contact their IRA administrator to request that a charitable
distribution be transferred to BC Law. Most plans require this request in
writing. You may use our sample letters for 2013 (PDF format) gifts.

Checks payable to "Trustees of Boston College" may be sent to:


Boston College Law School Fund
Barat House
885 Centre Street
Newton Center, MA 02459-1163

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



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 securities.

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.

The Director of Gift Planning, Sue Ramsey, can answer
your questions and provide more detailed information and options. Please
specify if you wish to make your gift to BC Law.

 

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