Alumni - Gift Planning | Fitchburg State University
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Gift Planning

Since 1894, Fitchburg State has been proud to serve the Commonwealth by meeting the educational needs of its students. With its current offering of traditional and non-traditional programs, the university will humbly continue serving its student population for generations to come.

Our alums are shaping the world in every field, from the frontiers of science to nursing, education, technology, criminal justice and law. Gift commitments made now ensure that the future of Fitchburg State University will continue to be a compelling option for young people seeking to see the world and tackle its problems in new ways.

While there are many ways to give to Fitchburg State University, contributing through a planned gift benefits you as well. Every planned-gift donor can benefit by reducing the costs of administering their estate at the end of their life:

  • Charitable income tax deductions will benefit most planned giving donors.
  • Eliminating or reducing long-term capital gains tax costs save finances for planned giving donors.
  • Planned gifts may also reduce or eliminate estate and gift taxes, improve the income stream on growth stock without realizing capital gains costs and/or improve the income on even  poorly performing assets.

You can make a planned gift at any age. For example:

  • At 30 (or younger), name Fitchburg State University a beneficiary of your IRA, include a gift in your will or trust, add Fitchburg State as a beneficiary of your life insurance.
  • At 40, you could achieve all of a 30 year old’s intentions and start a deferred-income charitable gift annuity, or set up a life-income enhancing charitable plan to benefit elder family members or friends providing charitable tax savings during your high income earning years.
  • At 60, accomplish those items available to younger people AND increase your own income for life with either a charitable gift annuity or charitable remainder trust with added benefits of income tax saving and improved income streams from growth stock and underperforming assets without realizing capital gains tax costs in the year of the transaction. For the most fortunate, create intergenerational family financial security, with immediately available personal income tax savings and perhaps zero estate and gift tax costs through a Charitable Lead Trust.
  • At 70, 80 and beyond review what you could have accomplished at 60 and younger and for the most fortunate. As donors mature, the tax savings and income streams from charitable split interest gifts – charitable gift annuities, deferred charitable gift annuities, and charitable remainder trusts – increase dramatically.

We are happy to work with you and/or your financial planning team to determine the right kind of gift for you and your family. For an illustration of how a planned gift can work for you, please contact us.

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Support our students – Everything we do is focused on supporting the young people who will challenge and change their world.

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