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Planned Giving: Your Legacy

Planned Giving: Your Legacy

Chestnut Hill College depends on the generosity of alumni and friends who believe in its mission. Those who make planned gifts become members in the College's Hallmark Society. Their legacy is the foundation on which the College grows.

If you would like to make a planned gift, review the options below. We believe they offer creative giving strategies that will enhance your wellbeing, and that of your family, while providing valuable resources to Chestnut Hill College. Explore ... question ... and contact us. We can guide you in your choices as you make a difference for our students.

Griffin on a door

IRA Charitable Rollover Legislation is Back

If you missed your chance to take advantage of the charitable IRA legislation in the past, you are in luck! On Dec. 18, 2015, the president signed into law the Protecting Americans from Tax Hikes Act of 2015. The new law made the IRA charitable rollover retroactive to Jan. 1, 2015, and will remain in effect for 2016 and beyond. 

Donors 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 tax on the money.

Here is a quick recap of the IRA charitable rollover rules. Gifts qualify under the law if:

  1. The donor is age 70½ or older on the day of the gift.
  2. The donor transfers up to $100,000 directly from the donor's IRA to one or more qualified charities. This opportunity applies only to IRAs and not other types of retirement plans.
  3. The donor does not receive any goods or services in return for the rollover gift in order to qualify for tax-free treatment.

If you have any questions regarding the IRA Charitable rollover, please contact Director of Donor Relations and Stewardship, Denise Costello at costellod@chc.edu or 215-248-7089.

Gifts That Pay You Income

Life income plans (called charitable gift annuities) enable you to make a meaningful gift to Chestnut Hill College while receiving significant income and tax benefits. There are several different types of life income gift arrangements available. These include:

Charitable gift annuities, charitable remainder trusts, and charitable lead trusts.

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Bequests

Continue the tradition. Help ensure a Chestnut Hill College education for future generations by remembering the College as a beneficiary in your will. The College may be named as a recipient to receive a percentage of your estate or if you prefer, a specific amount can be designated. 

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IRA Accounts

A retirement fund can be taxed up to 80% if passed on to heirs. Yet, it is tax-free if donated to Chestnut Hill College.

Appreciated Stock

When you give appreciated stock to Chestnut Hill College, we’ll sell it and you will eliminate all the capital gains tax you would have paid had you sold it. Your gift will be deductible at its full fair market value on its date of delivery if you have held it for more than one year.

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Life Insurance Policies

A gift of a life insurance policy is a great gift to the College. To qualify as a deductible gift, the College must become the policy's beneficiary. For most types of insurance policies, your tax deduction is usually the cost basis or the fair market value of the policy, whichever is less.

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Real Estate

You can deed your home, a commercial building or investment property to Chestnut Hill College. 

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Appreciated Property

You can transfer a valuable painting, antiques, collectibles or other personal property to Chestnut Hill College.

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