There are many alternative gift planning options that can provide meaningful support to your favorite charities, including Salus at Drexel University. Some can actually help you lower your estate tax bill, leave more to your children and grandchildren. Here are some examples.
You can recommend or direct gifts through donor advised funds or private foundations to the University.
A donor advised fund (DAF), which is similar to a charitable savings account, gives you the flexibility to recommend how much and how often money is granted to the University and other qualified charities.
If you are interested in gifting through your DAF to Salus at Drexel University, please contact Jacqueline Patterson by either calling 215.780.1397 or emailing jpatterson@salus.edu.
Your retirement-plan benefits are very likely a significant portion of your net worth. And because of special tax considerations, they could make an excellent choice for funding a charitable gift. Retirement-plan benefits include assets held in individual retirement accounts (IRAs), 401(k) plans, profit-sharing plans, Keogh plans, and 403(b) plans.
How It Works
- You can also rollover a portion of your assets to make a donation directly to the University, reducing your taxable income.
- If you're 70½ or older, you can donate up to $100,000 annually from your IRA's Required Minimum Distribution (RMD), enjoying tax advantages while supporting our mission.
- Name Salus at Drexel University as a beneficiary of your IRA rollover, 401(k), or other qualified retirement plan.
- Pass the balance of your retirement assets to the University by contacting your plan administrator.
- Important! Tell us about your gift! Your plan administrator is not obligated to notify us, so if you don't tell us, we may not know.
Benefits
- Continue to take regular lifetime withdrawals.
- Maintain flexibility to change beneficiaries if your family's needs change during your lifetime.
- Your heirs avoid the potential double taxation on the assets left in your retirement account.
As your financial situation changes, you may find that you no longer need all the life insurance you purchased earlier. You can transfer ownership of a paid-up life insurance policy to the University. Or, if you’re still making payments on the policy, you can name the University the beneficiary and claim a charitable tax deduction on the annual payments you continue to make.
Many companies match charitable gifts made by their employees. Please consult your company’s human resources department to learn how your workspace matches charitable contributions to universities.
If your company is eligible, follow these easy steps:
1) Obtain a matching gift form from your company's Human Resources or Payroll Office.
2) Complete your Matching Gift Form.
3) Send your Matching Gift Form along with your gift to:
Checks sent by USPS (U.S. Mail):
Salus at Drexel University
PO Box 8215
Philadelphia, PA 19101-9684
FedEx option, if you wish to add tracking:
TD Bank – Mt Laurel Lockbox
C/O Drexel University – Box 8215
11000 Atrium Way
Mt. Laurel, NJ 08054
If you are interested in matching gifts or have questions, please contact Jacqueline Patterson by either calling 215.780.1397 or emailing jpatterson@salus.edu.
An in-kind donation is a gift of tangible assets, such as time of service, artwork, equipment, software, printed materials, food, beverages or other items used for hosting events, etc. You may receive a tax deduction based on the appraised value of the gift. (Please note that donations of services are not tax deductible, per IRS guidelines.)
If you are considering giving an in-kind contribution to any program at Salus at Drexel University, please contact Jacqueline Patterson by either calling 215.780.1397 or emailing jpatterson@salus.edu.
If you are interested in gifting any real estate property to Salus at Drexel University, please contact Jacqueline Patterson by either calling 215.780.1397 or emailing jpatterson@salus.edu.