Planned Giving

Planned giving provides alumni and friends with an opportunity to benefit the college's foundation while providing for themselves and their heirs. Careful planned giving can significantly reduce the amount of an estate that will be subject to taxes. It can also increase the amount you are able to contribute to the charities closest to your heart.

There are many ways in which your giving can blend with your own financial planning, resulting in a generous gift to the foundation and favorable outcomes for you or your estate. These include a cash donation from your estate, as well as gifts of securities, real estate and other assets. Each person's circumstance is unique, and there are numerous opportunities to maximize your generosity.

Learn how planned giving can help you accomplish your financial, estate and other charitable giving goals with our gift calculator. View our LEGACY newsletter and receive tips on everything from retirement planning to updating your estate plan or changing beneficiaries in your will or living trust.

The Heritage Society is a circle of friends who have made and disclosed to the Northampton Community College Foundation an intention to benefit the college in their will. Typical bequests include a fixed amount or a percentage of the estate. We are pleased to provide sample bequest language here for your reference.

The options for donors are nearly unlimited, as are the benefits that a gift brings to the foundation. Successful gift planning requires careful thought, insight into your current circumstances and consideration of all the options for maximum benefit for the donor and the foundation.

The IRA charitable rollover is back for 2012 and 2013!

Donors age 70½ or older are once again eligible to move up to $100,000 from their IRAs directly to qualified charities without having to pay income taxes on the money. Congress recognized the issues with a late extension and provided two special transition rules:

• + Qualified distributions made before Feb. 1, 2013, may be counted retroactively for the 2012 tax year.
• + A taxpayer who took a distribution from an IRA in Dec., 2012, may make a contribution to a qualified charity before Feb. 1, 2013, and treat this as a direct transfer.

If you are interested in including the College in your estate planning, please contact Sharon Zondag at szondag@northampton.edu or 610-861-5449.