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LEAVE A LEGACY & HELP FUTURE GENERATIONS OF SETONIANS  

By including Seton Hill in your legacy estate planning and becoming a member of The Heritage Society, you will make an extraordinary impact on Seton Hill students. And, such support will benefit the financial health of the University for years to come. Our Institutional Advancement Team will work with you to find a customized charitable plan that fulfills your personal intentions and meets your objectives. Several opportunities exist for your consideration, including: 

 

Bequests and Estate Gifts

A bequest is a gift provision in your will or revocable living trust. You may be able to reduce inheritance taxes by designating Seton Hill University in your will with specific gifts of cash, property or a percentage of your estate. If you have a lead trust, your assets can stay in the family while your gift reduces estate taxes and supports Seton Hill University.

When consulting with your attorney on the selection of appropriate wording to accurately reflect your intentions, be sure our correct legal name appears in all final documents:

Seton Hill University
1 Seton Hill Drive
Greensburg, PA 15601

Please note that Seton Hill is a Pennsylvania non-profit corporation, Federal Tax Identification Number:  25-0965557

 

Click this link for suggested sample language for bequests and designating the purpose of your bequest.

 

Gifts of Stocks and Securities

Seton Hill University welcomes your stock gifts. For assistance on how to transfer stock certificates, contact Lisa Carino at carino@setonhill.edu or 724-838-2409. Click here for the stock transfer instructions.

You may also donate mutual fund shares to Seton Hill University and avoid capital gains tax on the appreciation in value. Mutual fund companies usually have different procedures for making such gifts and we are happy to assist you through that process.

 

Donor Advised Funds

A donor advised fund, which is like a charitable investment account, gives you the flexibility to recommend how much and how often gifts are made to Seton Hill University and to other qualified charities important to you. By creating a Donor Advised Fund, donors receive an immediate tax benefit and can recommend a grant or recurring grants now to make an immediate impact, or as a tool for charitable gifts over time.

 

Retirement Plan Assets

Did you know that most retirement plan assets face double taxation? Assets remaining in retirement plans funded with pre-tax dollars are considered “income in respect of a decedent.” Not only is the amount diminished by estate taxes, but the recipient also must pay income taxes on it. If you are able to make other provisions for your family, a charitable gift may be a better option for your retirement plan assets. To implement your wishes, consult with your financial advisor, then advise the plan administrator of your decision and sign the appropriate forms.

Donating retirement plan assets could be the most cost-effective gift you can make.

 

IRA Charitable Distributions

If you are 70½ or older, you may make a direct distribution to Seton Hill from your IRA. Your distribution will be put to use today, allowing you to see the difference your support is making in the lives of Seton Hill students. You pay no income taxes on the distribution. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions. Since the distribution doesn’t count as income, it may reduce your annual income level.

Please check with your financial adviser about whether a direct distribution to Seton Hill from your IRA may prove beneficial.

The above information is not intended as legal or tax advice. For advice on the IRA Charitable Rollover, or other planned giving intentions, please consult your financial advisor or attorney. 

Thank you for your thoughtful consideration of a lasting gift to Seton Hill University.

 

For more information on legacy estate planning and enrollment in The Heritage Society, contact Lisa Carino, Associate Vice President for Institutional Advancement, 724-838-2409 or carino@setonhill.edu.