Frequently Asked Questions
You have questions. Here are some answers. Want to know more? We're always happy to talk with you on the phone or in person about how any of our giving opportunities can work with your financial goals. Reach us toll-free at 866-496-6433, e-mail us, or complete our request for more information form.
(Please click on the question and the answer will appear.)
I’m only forty. Isn’t ‘gift planning’ for older alumni?
No - whatever your age, income, and assets, we can help you discover giving options and benefits that work for you. For example, you can make a gift to Middlebury today that gives you an income tax deduction now and locks in a good rate for an annuity that'll give you income when you retire.
I don’t trust the stock market. I prefer something safer, like a CD, but their rates are so low.
Charitable gift annuities will give you a fixed income, part of which is tax-free. Our self-help calculator will show you the payout rate and other benefits you could receive. Give it a try or call us toll-free at 866-496-6433 for a personalized gift illustration.
Since I’m not wealthy, gift planning isn’t for me, right?
Wrong! There are many ways for you to benefit-and benefit Middlebury-at every income level. For example, putting Middlebury in your will costs you nothing. A charitable gift annuity can be funded for as little as $10,000 and will return a guaranteed income for the rest of your life.
I’ve heard that it’s better to leave my retirement plan assets to charity rather than to my heirs. Why?
Qualified retirement plans such as an IRA, 401(k), 403(b), and Keogh allow individuals to defer paying taxes on a portion of their income until the assets are withdrawn during their retirement years. However, after someone's death, his or her accounts are often subject to income and estate taxes - and the combined rate could equal 75 percent or even higher on large taxable estates. The tax will be paid by your estate and your heirs unless the asset is contributed to a charity. If, for example, you bequeathed this kind of account to Middlebury, the College would use the assets for its educational mission and your estate and heirs won't be taxed on it.
I’ve already made estate plans with my attorney and financial advisors. How would Gift Planning benefit me?
Good for you for planning ahead! Many of our alumni and friends have their own advisors; our staff works with them to make sure your philanthropic goals are included. We have access to specialized knowledge and tools that can help you blend all of your interests-family, business, heirs, and charities.
I’d like to give, but I worry about my retirement funds lasting through my lifetime.
No worries! You can give assets other than cash, such as stocks, art, collectibles, and real estate, and receive an income for life by establising a Charitable Gift Annuity or Charitable Unitrust.
Making a bequest to Middlebury in your will allows you to keep your assets during your lifetime.
