Legacy Giving: Your Gift Matters

When you include Caldwell University in your estate plan, your generosity enriches the quality of academic life at Caldwell by enhancing the teaching, learning, and discovery that takes place on campus. Thank you for ensuring that Caldwell can support student success well into the future.

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Gifts from Your Will or Living Trust

You want to leave money to Caldwell University in your will. You also want the flexibility to change your will in the event that life circumstances change. You can do both. In as little as one simple sentence, you can complete your gift. This type of donation to Caldwell in your will or living trust helps ensure that we continue our mission for years to come.

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Already Have a Will or Living Trust? Include this One Simple Sentence

Planning for the future and creating the legacy you wish to leave is one of the most effective ways to ensure a lasting impact. Making a gift in your will or living trust, known as a bequest, can guarantee that your legacy endures. Your gift may be a specific dollar amount, a percentage of your estate or the remainder after all other provisions are specified.

Our federal tax ID number is: 22-1500483

Below is suggested language to use when drafting your bequest.

Sample Bequest Language: One Simple Sentence! 

For an unrestricted gift that allows Caldwell University to determine how to use the funds based on the University’s highest priorities, use the following language for your will and/or trust:

“I give to Caldwell University, a nonprofit corporation currently located at 120 Bloomfield Avenue, Caldwell, NJ 07006, or its successor thereto, _________ [written amount or percentage of the estate or description of property] for its unrestricted charitable use and purpose.”

To designate your bequest for a particular purpose:

“I give to Caldwell University, a nonprofit corporation currently located at 120 Bloomfield Avenue, Caldwell, NJ 07006, or its successor thereto, _________ [written amount or percentage of the estate or description of property]. This gift should be used for (state purpose) if and so long as Caldwell University determines that the need exists. If Caldwell University shall determine at the outset or at a later time that the need does not exist, or no longer exists or for some reason it is not possible (or prudent) to administer my gift as originally intended, then Caldwell University may, in its sole and uncontrolled discretion, direct the use of my bequest for a purpose related as closely as possible to that stated above.”

If you have named Caldwell University in your will or trust, please let us know so we can enroll and welcome you into the University’s most esteemed donor group, the St. Catherine of Siena Circle. We will ensure that your gift is used according to your wishes. Notifying us of your plans will enable us to plan for the use of your future gift. However, if you prefer to remain anonymous, we will keep your name and gift in strict confidence.

Please contact Joseph Quinlan, at (973) 618-3447 or jquinlan@caldwell.edu for more information.

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Beneficiary Designations

Not everyone wants to commit to making a gift in their wills or estates. Some prefer the increased flexibility that a beneficiary designation provides by using:

• IRAs and retirement plans
• Life insurance policies
• Donor advised funds
• Commercial annuities

It is very simple to name Caldwell University as a beneficiary. Start by requesting a change-of-beneficiary form from your policy administrator or download the form from your provider’s website. Make your desired changes and return the form to establish your gift.

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Smart Giving From Your IRA

A Tax-Saving Way to Help Caldwell University

Make a difference today and save on taxes. It is possible when you support Caldwell University through your IRA.

A Special Opportunity for Those At Least 72 Years Old

You can give any amount (up to a maximum of $100,000) per year from your IRA directly to a qualified charity such as Caldwell University without having to pay income taxes on the money. Gifts of any value $100,000 or less are eligible for this benefit and you can feel good knowing that you are making a difference at PCF. This popular gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution, or QCD for short.

Why Consider This Gift?

• Your gift will be put to use today, allowing you to see the difference your donation is making.
• Beginning in the year you turn 72, you can use your gift to satisfy all or part of your required minimum distribution (RMD).
• You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
• Since the gift doesn’t count as income, it can reduce your annual income level. This may help lower your Medicare premiums and decrease the amount of Social Security that is subject to tax.

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Charitable Gift Annuity

Gifts That Pay You Income

There is a way for you to support Caldwell University and feel confident that you have dependable income in your retirement years. You can do this with a charitable gift annuity. With a charitable gift annuity you agree to make a gift to Caldwell and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life. The balance is used to support our mission of preparing students for productive and meaningful lives!

This type of gift can provide you with regular payments for life and allow Caldwell to further our mission. You can also qualify for a variety of tax benefits depending on how you fund your gift. If you fund your gift annuity with cash or appreciated property, you qualify for a federal income tax deduction if you itemize. In addition, you can minimize capital gains taxes when you fund your gift with appreciated property.

And now, you can fund your gift using your IRA assets. If you are 72 and older, you can make a one-time election of up to $50,000 to fund a gift annuity. While your gift does not qualify for an income tax deduction, it does escape income tax liability on the transfer and count toward all or part of your required minimum distributions.

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Charitable Remainder Trust

Solutions for Large Gifts

If you have built a sizable estate and also are looking for ways to receive reliable payments, consider a charitable remainder trust. This type of trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create. At the end of the trust term, the balance in the trust goes to Caldwell University.

These types of gifts may offer you tax benefits and the option for income. There are two ways to receive payments and each has its own benefits: The annuity trust pays you, each year, the same dollar amount you choose at the start. Your payments stay the same, regardless of fluctuations in trust investments. The unitrust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. The amount of your payments is redetermined annually. If the value of the trust increases, so do your payments. If the value decreases, however, so will your payments.

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