A planned gift offers special benefits by giving you the opportunity to donate while meeting your financial goals and needs during your lifetime. Planned gifts can involve the immediate transfer of cash or property, or they can be part of an estate plan.
You may choose to include a meaningful gift to benefit the Mount in your estate plans. Gifts by bequest can take many forms: bequests of a stated dollar amount, specific bequests of tangible property, bequests of a percentage of the estate, or a residual bequest of the remainder of an estate after all other provisions have been fulfilled. Your estate benefits from an estate-tax deduction for your gift.
If you are interested in making a bequest, please contact the Office of Institutional Advancement at (718) 405-3236. It’s helpful to know what your plans are, and we can ensure that your bequest is correctly worded, so that your wishes are certain to be followed. All information will remain confidential.
Gift of Retirement Funds
You can designate the College as a beneficiary of any IRAs (individual retirement accounts), pension and profit-sharing plans, mutual funds, or other savings vehicles that you have developed for your retirement.
During your life, you retain complete control and access to the funds. With this type of gift, you will receive an estate-tax deduction and the satisfaction of knowing that you’ve made a meaningful and significant gift to the Mount.
Charitable Lead Trust
A charitable lead trust enables you to donate the income automatically from a specific asset or assets that have been placed in a trust. When you place assets in such a trust, you designate a specific length of time, and when that time is over, the assets or trust principal are returned to you.
If you would like to make a gift of retirement fund or create a charitable lead trust, please contact the Office of Institutional Advancement at (718) 405-3236.