Gifts That Reduce Your Taxes

You can support the educational and spiritual growth of students.

What’s more, you can leave these generous gifts now, and you may receive tax benefits to enjoy for yourself.

Will Planning

Honor a family member by making a tribute gift to charity in your will. This will reduce the taxes due on your estate, create a meaningful trubute to a loved one, and help Loyola.

Stocks & Bonds

This is one of the easiest gifts to give and one of the most useful in accomplishing your philanthropic goals. The next time you visit your bank, you can name Loyola University Maryland (Tax ID: 52-0591623) as the beneficiary of a checking or savings bank account, a certificate of deposit (CD), or a brokerage account. When you do, you’ll take a powerful step toward continuing our shared mission for future generations. Avoid capital gains tax by making a gift of stocks or bonds to Loyola.

Retirement Assets

A gift of your retirement assets, such as an employee retirement plan, IRA, or tax-sheltered annuity, is an excellent way to make a gift. A gift of these assets can shield you or your heirs from taxes while funding education through Loyola. Giving a gift from a retirement account to Loyola can significantly reduce taxes, help Loyola, and still provide for your loved ones.

Life Insurance

Transfer ownership now:

To make an impact on our mission today, irrevocably designate Loyola as owner and beneficiary of an existing life insurance policy. If your policy is paid up, you can receive an immediate income tax deduction based on the cash value of the policy.

If your policy is not yet paid up, you will make contributions of cash to Loyola to cover future premium payments. For any continuing premium payments you make, you can receive a charitable deduction in the year you make the payment.

Name us as a beneficiary:

You can name Loyola as a beneficiary of all or a portion of your life insurance policy. With this gift arrangement, Loyola will receive the proceeds of your policy after your lifetime. You can change your beneficiary at any time, and with this option, you may reduce your estate taxes.

This gift is easy to arrange — simply request a beneficiary designation form from your plan administrator.

Personal Property

A gift of artwork, coins, antiques, or other personal property can be an excellent way to support Loyola. The tax benefits of the gift depend on whether Loyola can use the property in a way that is related to its mission. Contact us to learn more about this type of gift — we would be happy to help you find the option that best fits your philanthropic goals.

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Stephanie H. Brizee, Ph.D.

Stephanie H. Brizee, Ph.D.

Director of Planned Giving

Loyola University Maryland