Planned Giving - The Jenkins Society

Planned gifts to the College bring financial benefits and tax advantages to the donor while also providing opportunities for future generations to receive a Jesuit education at Loyola. Many alumni and friends find that deferred gifts, bequests and gifts of appreciated securities, real estate and other assets are an effective way to support Loyola while maintaining their financial security. 

The Jenkins Society - Individuals of Vision

The Jenkins Society is Loyola's leadership donor group recognizing those who have provided for Loyola College's future through gift and estate planning. Named for George Carrell and Katherine Jenkins, the Society meets periodically each academic year to advance Loyola's goals, and to hear about events and developments from the President of the College. In their commitment to Jesuit education at Loyola, George and Katherine Key Jenkins provided the impetus to purchase the property for its Evergreen Campus in 1921, ushering in an era of unprecedented growth that continues today. The Jenkins' legacy also extended to their wills, in which they generously bequeathed to Loyola an extensive library, a collection of valuable art and $100,000.  The Jenkins name continues to grace a building on the College's academic quadrangle, a lasting reminder of their magnanimous spirit.

Planning for Loyola College's Future

Planned giving allows donors to choose a means of giving that meets their own estate planning needs, while having a significant impact on the future of Loyola College.

If you would like to learn more about planned giving opportunities and The Jenkins Society, or if you would like to be contacted by a member of the Development Office, please click here.

Bequests
Gifts of Life Income
Charitable Lead Trusts
Appreciated Securities, Real Estate or other assets

Bequests
Bequests are a simple, yet far-reaching way to make a gift in support of Loyola's future. The several types of bequests - cash, property, retirement plans and other arrangements - have several benefits to you as a donor. Bequests are deductible for federal estate tax purposes. There is no limit on the amount of estate tax charitable deduction, and bequests are generally not subject to state and inheritance taxes. 

Gifts that Provide Life Income
Irrevocable contributions of cash, securities and other property into a number of planned gift arrangements can provide annual income to you, your spouse or another beneficiary. The tax and financial benefits of pooled income fund gifts, gift annuities, and charitable remainder trusts are many. In addition to annual income for life for yourself and/or others, you receive an immediate tax deduction and avoid capital gains taxes. Reputable, experienced financial institutions manage your life income gift at no cost to you. Also, a life income arrangement allows you to diversify your assets and reduce, or possibly eliminate, gift and estate taxes. It is essential that you consult Loyola and your attorney and financial advisors before making a life income gift.

Charitable Lead Trusts
In contrast to a life income gift, you may choose to create a charitable lead trust through which you make a significant gift to the College. A lead trust allows you to claim a gift as a tax deduction, enabling you to shelter some, or all, of the amount from gift tax. At the end of the trust term, which is determined by you, your heirs will receive the asset, free of any additional gift or estate taxes. As with all planned giving options, consulting with legal and tax advisors is highly recommended to ensure that all of your charitable and financial needs are met.

Gifts of Appreciated Securities, Real Estate or Other Assets
Owners of securities and real estate that have grown in value can make a gift to the College and take advantage of low after-tax costs, avoiding capital gains taxes on the appreciation. Gifts of real estate can include undeveloped land, farms or a personal residence.  Antiques, paintings and other collectibles - including patents and copyrights - can also be valuable assets for giving.  An appraisal may be required to deduct certain gifts of property.

All Planned Giving inquires may be directed to:

Michael J. Goff, Ph.D.
Vice President for Development and College Relations
Loyola College in Maryland
4501 North Charles Street
Baltimore, Maryland 21210
Telephone: 410-617-2290
Fax: 410-617-2009