planned giving
DESCRIPTION
A gift that lasts for generations... Palm Beach State College is the first step on a path to higher education for thousands of individuals each year. The vast majority of these students are area high school graduates. Others are already in the workforce seeking state-of-the-art continuing education and professional training to update their skills and stay marketable in our highly competitive work environment.TRANSCRIPT
P A L M B E A C H S T A T E C O L L E G E F O U N D A T I O N
A Gift that Lasts for Generations
Transforming lives … one student at a time.
Planned Giving
Providing superior, accessible education that transforms lives …
…one student at a time.
Palm Beach State College is the first stepon a path to higher education for thousands of individualseach year. The vast majority of these students are area highschool graduates. Others are already in the workforce seekingstate-of-the-art continuing education and professional trainingto update their skills and stay marketable in our highlycompetitive work environment.
Palm Beach State College provides a quality education toeveryone, including those in our community who might nototherwise have access to higher education. Whether it’s atechnical certifcation, bachelor’s or associate’s degree program,we’re changing lives.
Establishing your legacy…
Planned Giving is a way for you to make a lasting and valuable contributionto the quality of our entire community, in ways you may never have dreamed. A lastinglegacy can reach far beyond what you ever hoped. In addition to the value of yourgenerosity, there are many ways to benefit from tax deductions or income streams whilesupporting access to education at Palm Beach State College. Structuring a planned gift isan opportunity for you to help those with educational ambitions who need our support.
An ANNUAL GIFT in the form ofcash, or securities – allows theFoundation to award thousands ofstudent scholarships each year aswell as support current academicprogram needs.
PLANNED GIFTS in any formallow the Foundation to grow,prosper, and plan forward tomeet the future student needsthat tuition and state assistancecannot cover.
… will provide a lifetime of achievement.
Some can be made quite easily; examples include, designating the Foundation as the beneficiary in your will, retirement asset or bank account upon your death bylisting “Palm Beach State College Foundation with principle location in LakeWorth, FL. EIN 59-1818556,” or Charitable Gift Annuity (CGA).
Through CGAs, you can make a gift to the College, and enjoy an immediate taxdeduction: Let’s say you and your spouse are 75 years old. If you make a $100,000gift to Palm Beach State College, with your spouse named as primary beneficiary,you will receive an annuity payment of $5,600 per year - that’s 5.6% of the amountof your gift through their lifetime. If there were no named beneficiary, the annualpayment would be $6,300 or 6.3%. (Please know that percentages change periodically.)
Additional examples of what Planned Giving is about are included below and onour website– each helps to develop a legacy of generosity to support future need.For additional information and examples of language to use, we encourage you tocall or visit our website. www.palmbeachstate.edu/foundation.xml
Many excellent alternatives exist for those interested in Planned Giving.
…by what he freely gives away.
A person’s true wealth is measured…
The Palm Beach State College Foundation’s Palm Society was created torecognize and honor those who have designated Palm Beach State Collegeas a beneficiary and informed the Foundation of this decision during theirlifetime. When making a Planned Gift to the Foundation, rest assured thatyour resources also will be used according to your wishes and managedprofessionally. (You may make your gift anonymously.)
We are here to help. Please give us a call so that we can help you structurea gift which best fulfills your needs and wishes.
ThePalm Society
Will or Bequest
Retirement Assets (beneficiary)
Real Estate:Irrevocable Life Estate
Charitable Gift Annuity
Charitable Remainder Trust
Charitable Lead Trust
Income Assets transfer after death
Immediate tax benefits
Maintain control ofassets during lifetime
Tax benefits to estateand/or capital gains
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We encourage you to contact us and include your family, accounting and legal counsel when considering these planned giving decisions.
PALM BEACH STATE COLLEGE FOUNDATION 4200 South Congress Ave., Lake Worth, FL 33461 EIN 59-1818556
Structure of Gift Your Goal Benefits to You
Become our partner in transforming lives ... one student at a time.
www.palmbeachstate.edu/foundation.xml561.868.3450
Suellen Mann, MBA, CFREExecutive [email protected]
Pat Lord, CFREDirector, Major [email protected]
PALM BEACH STATE COLLEGE FOUNDATION4200 Congress Avenue
Lake Worth, FL 33461-4796