Wills, Trusts and Estate Giving
By designating Hastings College as Beneficiary in your Will or Trust, you ensure your legacy lives on through future generations of students.
At Hastings College, we believe in the power of education to transform lives. By including Hastings College in your estate planning, you make a lasting impact on future generations of students and help shape the future of education. We’re here to ensure your legacy aligns with your values and supports our mission.
Why include Hastings College in your estate plan?
Planning for the future is not just about financial security. It’s also about leaving a meaningful legacy. By including Hastings College in your estate plan, you:
Empower Future Students. Your generous contribution provides scholarships, grants and resources to deserving students, enabling them to access a quality education and pursue their dreams.
Enhance Academic Programs. Help us expand our academic offerings, improve facilities and support faculty development, ensuring that Hastings College remains at the forefront of education and innovation.
Sustain the College’s Mission. By including Hastings College in your estate plan, you ensure the institution’s long-term sustainability, allowing us to continue providing a transformative educational experience for generations to come.
What to Leave the College
Your financial planner or tax advisor will be able to help you identify strategies that best fit your personal assets and financial goals. Some of the best options for you to consider include:
- Taxable Retirement Accounts
Do not lose their retirement tax attributes upon death. This means Hastings College can receive these retirement accounts with no tax consequences, compared to heirs who would have to pay taxes on these assets.
- Installment Notes Receivable
Do not lose its tax attributes upon death. If an individual sells appreciated property on an installment note, they can defer the gain until they collect the note in principal. However, upon their death, if the installment note is passed to Hastings College, there are no tax consequences when the principal is collected. If an heir were to receive the installment note, they would have to report capital gains when they receive the principal.
Other gifts may help lower a potential taxable estate. These gifts could be:
- A defined dollar amount
- A percentage of the total estate
- Defined assets (land, real estate, stocks, IRAs*, retirement accounts*, life insurance policies, brokerage accounts, etc)
Need help knowing where to start? View a list of sample bequest language scenarios in our Planning Tool Kit.
*Denotes gifts that may be tax-free.
Get in Touch
Let Us Know Your Plans
Letting us know how much you intend to give helps us plan for the College’s future, and more importantly, if you have specific requests on how your gift is used (scholarships, building renovations, building the College’s endowment, or at the president’s discretion), ensures our ability to fulfill your legacy.
Get in Touch
Start planning your legacy and join the community of Ringland Society members (link) who have chosen to make a difference through estate planning.
Contact us to schedule a consultation or learn more about our services. Together we can shape the future of education and create a brighter tomorrow for generations to come!
Contact: Claire Bostelman at 402.461.7786 or firstname.lastname@example.org — or complete the form below.