Loyola Legacy Fall 2022

Plan for Your Future—and Ours

When it comes to including us in their estate and financial plans, here are four ways someone can demonstrate their Love for LA.

Designate Loyola Academy as a Beneficiary in Your Will, Living Trust or Retirement Plan.

A legacy gift, or a gift through your estate, such as a provision for Loyola Academy in your will or living trust or designating Loyola Academy as a beneficiary of your retirement plan, is a wonderful (and simple) way to leave a legacy gift to Loyola Academy.

Charitable Lead Trust: “Charity gets the wool now; donor keeps the sheep.”

You can transfer assets to a trust for a fixed term, during which Loyola Academy receives the benefit of the trust’s income stream, with the trust assets transferred back to you or your heirs at the end of the term.

• Payments from the trust are disbursed annually.

• The income stream of the trust is not tax exempt.

• After the fixed term expires, the trust assets are distributed to either you or your beneficiaries.

• This distribution may have transfer tax benefits to your beneficiaries.

Charitable Remainder Trust: “Donor gets the wool now; charity keeps the sheep.”

You transfer assets to a trust for a fixed term, during which you receive the income stream from the trust, with the trust assets being transferred to Loyola Academy at the end of the term.

Arts matter for every student at Loyola

Gift of Securities can be better than Cash.

Gifts of securities like stocks, bonds and mutual funds have tax benefits over gifts of cash under the following conditions:

• If stocks have been owned more than one year, donors can deduct not just their original cost but also any “paper profit.” Best of all, no capital gain taxes are due when you give securities. Excess deductions can be carried over for up to five additional years.

• If you own stock that has dropped below the price you originally paid, consider selling shares and donating the proceeds. You’ll be entitled to a capital loss deduction and also a charitable deduction.

Loyola Academy offers many creative ways to structure your gift of a lifetime, allowing you to advance the mission of Loyola Academy while taking care of your loved ones. Please contact Tom Cramer, director of planned giving, at 847.920.2431 for additional information or a consultation.