The College Guild Legacy Society
The College Guild Legacy Society is a group of donors working together to ensure that College Guild continues to provide free educational services to prisoners across the United States. These people have each committed to making a legacy gift to the College Guild Endowment through their estate planning, using one or more of the options noted below.
You can gift a portion or all of your estate to the College Guild Endowment through a bequest in your will or trust.
You can name the College Guild Endowment as a beneficiary of either an existing policy or a new policy that you purchase for this purpose. In either case, a portion of your premiums may be immediately tax deductible, depending on your situation, even though the Endowment won’t receive the gift until you pass on.
Retirement assets, such as Individual Retirement Accounts (IRA) and 401(k)s, are often the most heavily taxed assets in an estate because these funds have enjoyed tax-free growth over a long time period. Compared to other assets, they can be the most tax-burdened assets to leave to your heirs, making them ideal for charitable giving.
Similar to leaving retirement assets to the College Guild Endowment is the “transfer on death (TOD)” or “pay on death (POD)” beneficiary for all or a percentage of a bank account, brokerage account, or a certificate of deposit.