Automatic Monthly Payments
Giving Electronically Monthly is a convenient and secure way to give to Georgetown College. Giving a little each month can make a huge difference by the end of the year. It's easier on your wallet and budget than a single large donation.
Here's how it works: Use our online payment system and set up your monthly deduction using your credit or debit card.
1. Online payment through your bank—If you pay your monthly bills online, just add Georgetown College as one of your payees and notify the development office so only one receipt will be sent to you at the end of the year.
2. Checks We welcome checks made out to Georgetown College and sent to the address below.
Office of Development
400 E. College St.
Georgetown, KY 40324
You may also drop checks off in person Monday-Friday until 5 p.m. in the Office of Development on the first floor of Giddings Hall. Be sure to designate your gift to the "Loyalty Fund" or other purposes on the memo line.
Do you have questions about giving to Georgetown College using checks, credit cards or automatic monthly gifts? Contact the Office of Development at firstname.lastname@example.org or 502-863-8041.
Donations of stock are credited to the donor on the date the stock is received by the College and are to be entered as a gift at that day’s value. The Business Office has the challenge to sell the stock as soon as possible to guarantee it is counted in the appropriate fiscal year. The donor credit for the gift is not affected by the actual selling price of the stock.
For more information regarding stock gifts, please contact the Development Office at email@example.com or 502-863-8041.
In addition to outright giving, “planned giving” is an exciting way to fulfill philanthropic goals, because a “planned gift” provides not only a gift in support of Georgetown College but also multiple financial and tax benefits to the donor and his or her family. For example, a donor may transfer cash or property to Georgetown and, in return, receive fixed, lifetime income payments, provide fixed, lifetime income payments to a family member or friend, and enjoy a sizeable income tax deduction. After the death of the donor(s), any remaining gift value will be used to benefit Georgetown College.
The above example is just one type of planned gift. However, there are many more types of planned gifts available to Georgetown supporters, which are summarized below. Similar to outright gifts, planned gifts can also be designated to benefit a particular area or program.
Alternatively, planned gifts can be undesignated to assist with the College’s greatest opportunities and needs.
The right type of planned gift will depend on a donor’s personal situation, needs, and objectives. Accordingly, Georgetown College staff are committed to helping you discover the best gift planning solution that achieves your financial and charitable giving goals.
Georgetown College recently partnered with NetLaw to provide you and your entire household with an opportunity to prepare a personalized set of estate planning documents. Learn More About Planned Giving Through NetLaw.
A charitable gift annuity is a planned gift where a donor contributes cash or property to Georgetown College and, in return, receives fixed, lifetime income payments for one or two designated individuals. In addition to lifetime income, a charitable gift annuity will generate an income tax deduction, partly tax-free annuity payments and avoidance of capital gains tax, if
applicable. After the passing of the donor(s), any remaining gift value will be used to benefit Georgetown College.
Consequently, this planned gift is excellent for donors who want a high, safe income stream that will last for the rest of their life, and for donors who have a significant tax liability in the current tax year. The minimum amount for establishing a charitable gift annuity with Georgetown is $10,000.
There are no administrative charges, management worries, or service fees for you or your loved ones.
Charitable gift annuity rates are based solely upon the age of the donor or donors. The older the donor the higher the charitable gift annuity rate.
For a complimentary charitable gift annuity illustration and proposal personalized for your unique situation and objectives, contact the Office of Development.
A charitable remainder trust is a planned gift where a donor irrevocably transfers cash or property into a special type of tax-exempt trust – a CRT. Because a charitable remainder trust is exempt from income taxes, it can actually sell property tax-free.
As a result, a charitable remainder trust is an excellent solution for charitably inclined donors who desire to sell an appreciated asset but do not want to pay capital gains tax. Amazingly, by transferring the property into a charitable remainder trust, the trust may sell the contributed property and purchase new property without the payment of any capital gains tax!
In addition to the tax-free sale, donors will receive either fixed or variable income for life and a substantial income tax deduction. Thus, a charitable remainder trust works wonderfully for
donors who desire additional retirement income and for donors who have a significant tax liability in the current tax year. When the trust terminates, any remaining assets in the trust will pass to Georgetown College for purposes designated by the donors.
For a complimentary charitable remainder trust illustration and proposal personalized for your unique situation and objectives, contact the Office of Development.
A charitable lead trust is a planned gift where a donor irrevocably transfers cash or property into a special type of trust – a CLT. The charitable lead trust is an incredible gift and estate tax-saving vehicle. Accordingly, donors with large taxable estates should look closely at the charitable lead trust. With proper planning, it is entirely possible and perfectly legal for a donor to transfer $1 million, $5 million, $10 million or even $100 million to family with little or no gift and estate tax!
The operation of a charitable lead trust is rather straightforward. After the transfer of cash or property to the trust, the charitable lead trust will make periodic charitable distributions to Georgetown College for purposes designated by the donors. Once the trust fulfills its charitable distributions, the donor’s family and friends may receive all of the trust assets, plus any growth in the trust assets.
The duration of the charitable lead trust will depend greatly on a donor’s goals and objectives. For example, charitable lead trusts usually last anywhere between 5 and 25 years. So, the longer the trust lasts the greater the gift and estate tax savings, and the greater the benefit to Georgetown College.
For a complimentary charitable lead trust illustration and proposal personalized for your unique situation and objectives, contact the Office of Development.
A life estate gift occurs when a donor irrevocably transfers a home, vacation home or farm to Georgetown College while reserving the right to live in the property for his or her life. Although retaining the right to live in the property for many more years, a donor nonetheless is rewarded immediately with a very generous charitable income tax deduction.
A life estate is an excellent choice for donors who intend to leave a personal residence or farm to Georgetown upon their death, and for donors who want to lower their income tax liability in the current tax year.
For a complimentary life estate illustration and proposal personalized for your unique situation and objectives, contact the Office of Development.
A charitable bequest is a wonderful way to express one’s philanthropic dreams. While many may think philanthropy is reserved for a select few, the truth is that every bequest to Georgetown College makes a mark that will last throughout history. In fact, the charitable bequest is the most frequently utilized planned gift method in America.
Simply stated, a charitable bequest provides for a distribution of cash or property to charity upon a donor’s passing. The charitable bequest provision is usually contained in or can be easily added to a donor’s will or revocable living trust.
The three most common types of bequests are as follows:
- a bequest of a specific dollar amount, e.g. $10,000,
- a bequest of a specific asset, e.g. my Picasso painting, or
- a bequest of a percentage of the estate, e.g. 10% of my residue estate.
Donors might also want to consider a contingent charitable bequest. A contingent charitable bequest takes effect only if the primary beneficiary is no longer living upon the donor’s death. For example, a donor may provide that 10% of his estate goes to his sister. However, if the donor’s sister is deceased at the time of his death, then 10% goes to Georgetown College.
Donors should give some careful thought to these different bequest methods, because a good estate plan may frequently involve a combination of bequests types.
For those aged 70½ or older, it is possible to make tax-favored charitable gifts from traditional and Roth IRA accounts. An IRA rollover is a simple and easy way to use your individual retirement account to reduce taxes and help Georgetown College provide quality education to deserving students. A total of up to $100,000 can be transferred directly from traditional or Roth IRAs to one or more qualified charities such as Georgetown College free of federal income tax each year. There may also be state income tax savings. Amounts given in this way count toward required IRA minimum withdrawal amounts for the year of the gift. To make such gifts, it is important to not withdraw funds prior to a gift, but have the gift amount distributed directly from an IRA to one or more qualified charities. For those with check writing privileges on their accounts, this may be the most efficient way to make gifts directly from an IRA. Talk to your tax advisor about the advantage of directly transferring gifts from your retirement plan to Georgetown College. Your accountant or other financial advisor can also help you determine the optimum amount to give from retirement plan accounts under federal and state tax laws.
Please contact the Office of Development to inform us of your IRA gift.
Planned Giving Donor Recognition
The Pawling Heritage Society recognizes those who have made a planned gift to Georgetown College, as well as to inspire others to consider such gifts. If you have made a planned gift to Georgetown College through your estate, please complete this form so the College can record and recognize your gift accurately.
Download: Pawling Heritage Society Giving Form.pdf
We want Georgetown to be the independent Kentucky college that sells the most license plates each year.
The initial cost of a Georgetown College license plate is $44; renewal is $31. For more information, click here and choose Independent College Plates or call the Director of Development at 502-863-8058.
Did you know many employers will match charitable donations? Click here to see if you’re eligible to double your gift to Georgetown College, and make your support go even further. Thank you for taking this extra step to further your gift!
Many companies will match the charitable gifts of their employees–sometimes even of retired employees and spouses. This is a great way to instantly increase your gift to Georgetown College. You can ask your HR department if your company will match your gift, or you can use search online to see if your company has a matching gift program. If your company is eligible, obtain a matching gift form from your employer, fill it out, and send it with your gift to:
Office of Development
400 East College Street
Georgetown, KY 40324