make hollins a part of your legacy
Reduce inheritance taxes by designating in your will specific gifts of cash, property, or a percentage of the remainder of your estate.
Sample bequest language
“I (name) of (city, state, zip), give, devise, and bequeath to Hollins University
- (the sum of $_____)
- (___ percent of my estate)
- (description of property)
- (the rest, residue, and remainder of my estate)
for its unrestricted use and purpose.”
Charitable Gift Annuity: Give and Receive
A Charitable Gift Annuity (CGA) is a simple contract between you and Hollins. In exchange for your irrevocable gift of cash, securities, or other assets, Hollins agrees to pay one or two annuitants you name a fixed sum each year for life.
The payments are a continuing obligation of Hollins no matter how the gift annuity’s assets are invested.
Assets can stay in the family while your gift reduces estate taxes and supports Hollins.
Life Income Gifts
Gifts of appreciated property can generate income for you with positive tax benefits. Examples include gift annuities, and charitable remainder trusts.
Designate Hollins as a beneficiary of a paid-up policy or a new policy, help the university’s future endowment, and get a tax deduction.
Retained Life Estate
You retain occupancy of your property for life, but give your primary or vacation home or farm to Hollins for her future benefit.
Name Hollins as a beneficiary of your IRA, 401(k) or other qualified plan and avoid the double taxation your retirement savings would face if you designate them to your heirs. Your plan administrator can provide you with the necessary documents to designate Hollins to receive a portion or all of your plan.