Gift Planning

“The generous will be blessed.” — from Proverbs 22:9

Making a gift to SMC is primarily an act of the heart, satisfying our desire to make a difference in the world.

There are a variety of Planned Gift options to consider as you explore ways to manage the resources that make up your financial and estate plans. Each person’s circumstances are unique. Consult your financial, tax or legal advisor for the best way that any of these options may apply to your particular situation.

We will gladly work with you and your representative(s) to develop an estate plan that meets both your heart’s desire and your mind’s design.

Questions About Gift Planning?

Leah Caldwell
Director of Alumni Relations
864-587-4225
Send Email

REQUEST MORE INFORMATION

SUBMIT THE ONLINE REQUEST FORM

DOWNLOAD A PRINTABLE REQUEST FORM

Planned Gift Options

Cash

Gifts of cash can be fully tax deductible- up to a maximum of 50% of adjusted gross income in the year of the gift. Amounts given in excess of this maximum generally may be carried forward and deducted over as many as five years. While giving cash is perhaps the simplest giving option, there are other options that may provide greater benefit to you as well as enable you to make a larger gift to the College.

Appreciated Assets

Life Insurance

Gifts of life insurance offer significant charitable deductions while making a tremendous impact on the future of SMC. You may purchase a new policy or donate a policy that you may already own but no longer need. A tax deduction is allowed when you make the College both owner and beneficiary of the policy. While designating SMC beneficiary of a policy that you continue to own offers no tax benefits, it will insure that your generosity to the College will continue beyond your death. Life insurance, as a part of a comprehensive estate plan, can provide excellent wealth protection and replacement. Consult your insurance agent for more details.

Life Income Gifts

Will Bequests

Charitable Gift Annuities

A way to take care of your financial future…as you give to others.

A new source of lifetime income, some of it tax-free
Guaranteed security and high return
A charitable income tax deduction that you can take this year
A partial savings on capital gains tax if you give appreciated stock or other assets
Reduced estate taxes and probate costs
A larger charitable gift than you may have thought you could afford.

Our Charitable Gift Annuities give you a way to provide for your own- and your family’s – financial future with a dependable, guaranteed lifetime income. Charitable Gift Annuities typically enjoy a higher rate of return than most conservative investments. And a Charitable Gift Annuity is never subject to market fluctuations. You’ll know exactly what you will receive. Plus, part of your income can be tax-free!

Gift Annuities offer you significant benefits. Here’s how our Gift Annuity Program works:

In exchange for your gift of cash, appreciated stock or other assets, we’ll give you an annuity contract which guarantees you a fixed income for the rest of your life or the lives of both you and your spouse (or another beneficiary you designate).

GIFT ANNUITY BENEFITS:

Capital Gains Tax Savings

When you fund a Gift Annuity with appreciated stock or other assets (before the sale), current tax law allows you to avoid much of the capital gains tax you would pay if you sold the asset yourself. In addition, any remaining capital gain that you incur is spread over the remaining years of your life, thereby reducing today’s tax liability. Your annuity payment is based on the value of the stock or other assets on the day you transfer ownership to us.

Charitable Tax Income Deduction

Reduce Estate Taxes and Costs

A Larger Gift Than You Thought You Could Give

Most of us make charitable gifts from our income each year and consequently are limited in how large a gift we can afford to make. Many people dream of making a major gift, but simply cannot afford it out of their income resources. Our Charitable Gift Annuity enables our donors to make gifts of their assets, rather than their income. And, since they receive an increased income as a result, they are able to improve their standard of living while giving the major gift they have always dreamed of.

Tax-Free Payments

Questions About Gift Planning?

REQUEST MORE INFORMATION

Planned Gift Options

Charitable Gift Annuities

What's Next?