Is Messiah University included in your Estate Plans?

A significant source of support for Messiah is to document bequest intentions to the University. Knowing and documenting future bequests is important for a number of reasons:

  1. We want to be able to recognize and thank those who wish to Create a Legacy with the University.
  2. We want to be good stewards and utilize the bequest in the way it was desired.
  3. Knowing bequest intentions will enable the University to better plan for its financial future.
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Legacy gifts have been critical to Messiah University's mission. They make up 80% of our endowment, have helped us build numerous facilities, and provided much needed financial aid to students. If you included Messiah University in your estate plans, please print, complete and mail the Confidential Charitable Bequest Intent form to: Messiah University, One University Ave., Suite 3013, Mechanicsburg, PA 17055.

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Gift Annuity for Real Estate

Gift Annuity for Real Estate

Jonathan purchased a home many years ago for $80,000. The home has appreciated substantially over the years and is now worth $420,000. Jonathan has decided to sell his home and move to a retirement community. However, he recognizes that even after using his $250,000 home exclusion, he will still face high capital gain tax from the sale of the property. Jonathan has been a volunteer at his favorite charity and would like to find a way to sell the home, avoid tax and make a gift to us.

Jonathan: My home has turned out to be a good investment, but now that my spouse is gone, I would like to spend more time with family. I recognize that if I sold my home I would pay high capital gains tax. I'm looking for a way to reduce the tax on the sale of my home and obtain a little more income for retirement. I don't need a lot to live on, but I do like to spoil the grandchildren. I also like the idea of fixed income that won't fluctuate with changes in the market.

Jonathan called the charity and discovered that he could transfer his home in exchange for a large fixed annuity payment, based upon his age. Because the home was extremely marketable, it could be sold quickly by the charity, and Jonathan would avoid capital gains on the sale portion. His home exclusion could be used to offset the remaining capital gain on the income he received from the annuity contract.

Jonathan: I decided to transfer my home to my favorite charity in exchange for the gift annuity and was delighted with the results. I avoided tax on the sale of my home and was able to receive a large annuity payment for my retirement. Best of all, because the payment was fixed, I did not have to worry about market fluctuations. Now, I can spend as much time with the grandchildren as I want!

*Please note: The name and image above is representative of a typical donor and may or may not be an actual donor to our organization. Since your gift annuity benefits may be different, you may want to click here to view a color example of your benefits.


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