Planned and Estate Giving
The College is profoundly grateful for the generous support of its alumni and friends. Their gifts take many forms—and all of them make a world of difference to North Central students as they become involved and principled citizens and leaders. In many cases, planned and estate gifts provide donors with income and estate tax benefits while also supporting the College’s most important goals. We are happy to help identify the giving options that work best for donors and families.
Planned and estate gifts may take the following forms.
Securities: Appreciated marketable public and private securities (stocks/bonds/mutual funds) held for more than one year
Life insurance: A fully paid whole life insurance policy gifted to the College
Charitable remainder trust: A trust that pays income for life (or for a term of years) to the trust beneficiary; upon the donor’s death, the principal passes to the College
Charitable lead trust: A trust that makes payments to the College for a period of time; the principal passes to donor(s) or beneficiary(ies)
Real estate: Appreciated real estate held for more than one year
Gift annuity: Annuity that supplies fixed or variable payments for varying lengths of time
Retained life estate: A primary residence, vacation property, or farm/ranchland that the donor continues to live in or use for life
Bargain sales: Real estate or other valuable property sold to the College below market value
Personal property: Items such as marketable artwork, collectibles, antiques and automobiles
You may also choose to name the College as a beneficiary in your will, living trust, life insurance policy, pension, stocks/bonds/mutual funds, IRA, 401(k), 403(b), Keough, or other retirement plan or savings or brokerage account.
If you would like to name the College as a beneficiary to your will, trust or other account, please provide the following language to your legal or financial advisor: North Central College, a 501(c)(3) charitable organization located at 30 North Brainard Street, Naperville, Illinois 60540, Federal Tax ID #: 36-2169157, for North Central College’s general use and purposes.
The charitable gifting instruments above are descriptive only and are not intended to serve as professional tax or legal advice. North Central College advises that you consult with your tax and legal advisors before making any charitable gift.