Cash Gifts/Gift of Stock or Property

As a non-profit organization, gifts to Milligan College can be tax deductible. The college can receive gifts of cash, usually in the form of a check, or gifts of appreciated stock or other property. Gifts of appreciated property can be particularly attractive as a way of avoiding capital gains taxation on stocks or other property that has grown in value. These gifts must be made through a transfer of the ownership to the college prior to its sale. Please call 423.461.8955 for more information.

Annuities & Trusts

Making future provision for the college through a will or other estate plan ensures that your commitment to Milligan is perpetuated. In this way, you are able to secure the college’s future and leave a legacy. More information is available, along with confidential professional assistance provided independently of Milligan. Please call 434.461.8955 for more information.

Wills

Gifts by Will help to secure Milligan's future. A commitment made by Will allows the donor to obligate a gift to be paid after his or her lifetime.

Including the college in your will is a very simple process. You may use your will to establish an endowed scholarship program, a faculty chair, or simply provide general endowment by instructing that the college receive a specific amount, a percentage of your estate, or a remainder amount.

By making the college aware of your plans, we are able to fully understand your wishes. Proper wording to list the college in your will is: “Milligan College, a Tennessee non-profit organization located in Milligan College, Tennessee.” Please encourage your attorney to contact us.

Planned Giving

Annuities and Trusts are designed so that you can make provision for the college while recognizing current benefits. These vehicles allow a means for you to reduce the taxable portion of your estate, provide a source of income for you and your family, create a current income tax deduction, and benefit Milligan College. These instruments are particularly attractive when funded with appreciated assets, so that capital gains taxes are also avoided.

Life Insurance

Naming the college as a beneficiary in your life insurance policy is a simple way to make provision for the college’s mission, as your life insurance needs change and policies are no longer needed to fulfill their original purpose. You may also wish to purchase a new policy for the college.

Retirement Plans

Retirement Funds, such as IRAs and tax-deferred assets, are subject to both income tax and estate tax after one's lifetime. Using such assets as charitable gifts may be a wise choice.

You can avoid both income and estate taxes by naming the College as a beneficiary. Financial advisors may indicate that this is an excellent way to achieve your charitable goals.