Ways to contribute

Estate & Major Gifts

• Torch Light Society
• Ways to become a member
• Estate giving examples

Torch Light Society

“Keeping The Torch Lit For Future Generations”

Saint Paul College is one of the most important assets of the City of Saint Paul and its surrounding area. For more than 80 years, all of us have been a part of the various transitions this institution has made to become one of the most dynamic two-year schools of higher learning in Minnesota. We have not only assisted students, we have supported families, secondary schools, programs and communities. All for two reasons … Saint Paul and its students!

All of us are dedicated to our city and very much devoted to the College who trains its residents. Saint Paul College has provided high quality and affordable training for any resident interested in pursuing higher education and it is our job to keep this legacy going.

We are pleased to announce that the Saint Paul College Foundation is developing the “Torch Light Society.” This society will consist of a distinguished group of friends who wish to leave a gift to the institution in their estate plans. An estate gift is a powerful contribution. The value is considerably greater than an annual gift and its worth will be more significant to the institution. An estate gift will secure the future for Saint Paul College, its programs, and most importantly, its mission.

“Education For Employment … Education For Life,” is a part of us and we ask for your support for this developing program for the Saint Paul College Foundation. If you have any questions, please feel free to contact the Kari Kane Rambo in the Foundation Office for more information at 651.846.1469.

Ways to become a Torch Light member

Outright Gift

• Description: A contribution of cash, securities or personal property.
• Tax Benefit: Income tax deduction for the value of the gift, plus no capital gains tax due on appreciated property.
• Additional Benefits: You can tailor your gift to the charitable organization’s immediate needs.

Will Bequest Gift

• Description: A gift you make by naming a charitable organization in your will.
• Tax Benefit: Estate tax deduction for the value of your bequest to the charitable organization.
• Additional Benefits: Gives you the flexibility in providing for family needs first.

Living Trust Gift

• Description: A trust you establish to take effect during your lifetime.
• Tax Benefit: Possible savings in estate taxes if a charitable organization is the beneficiary of the trust remainder.
• Additional Benefits: Terms of the trust can be changed at any time.

Life Insurance Gift

• Description: A gift of an old or new policy with a charitable organization named as beneficiary and owner.
• Tax Benefit: Immediate income tax deduction for the gift’s value, plus possible estate tax savings.
• Additional Benefits: Provides ways to make a significant gift with little expenditure.

Retirement Plan Gift

• Description: A gift made by naming a charitable organization as remainder beneficiary after your death.
• Tax Benefit: Avoids income tax on the plan, in addition to possible estate tax savings.
• Additional Benefits: Preserves plan’s value and allows you to leave heirs less costly bequests.

Real Estate Gift

• Description: A donation of real property, either full or with a retained life estate.
• Tax Benefit: Immediate income tax deduction for the charitable value of the gift, plus no capital gains tax due.
• Additional Benefits: Can allow you to live in your home and still receive a charitable deduction.

Charitable Gift Annuity

• Description: A contract in which a charitable organization agrees to pay you back a percentage of your gift annually for your lifetime.
• Tax Benefit: Immediate income tax deduction for part of gift’s value, with capital gains spread out over life expectancy.
• Additional Benefits: Gives you and/or another beneficiary a set income for life.

Charitable Remainder Annuity Trust

• Description: A trust that pays a set income to you or those you name before a charitable organization receives the remainder.
• Tax Benefit: Income tax savings from deduction, no capital gains tax liability, possible estate tax savings.
• Additional Benefits: Provides a fixed annual income for donor or other beneficiary.

Charitable Remainder Unitrust

• Description: A trust that pays variable income to you or those you name before a charitable organization receives the remainder.
• Tax Benefit: Income tax savings from deduction, no capital gains tax liability, possible estate tax savings.
• Additional Benefits: Provides annual income that could increase if trust value increases.

Alternative Estate Giving Arrangement

1. Community Foundations.
2. Donor “Advised” Funds.
3. Donor “Directed” Funds.
4. Fidelity Investments Charitable Gift Fund.
5. “Giving Circles.”
6. Restricted Gifts to Public Charities.
7. Charitable Family Limited Partnerships.

Estate giving examples

• Torch Light Estate Giving (Examples)