Planned Giving Options

Planned gifts provide donors with a variety of options that leverage an individual’s gift giving ability. These gifts include:

  • A bequest in a Will
  • A Life Income Gift such as a charitable gift annuity, a charitable lead or remainder trust
  • Gifts of assets, including: real estate, stock, life insurance and retirement funds.

Planned giving is not only for the wealthy. At its core, planned giving is a means of Christian stewardship whereby one is concerned with the wise use of his or personal resources and their ultimate disposition.

Gifts may be designated for a specific purpose, the endowment, for the Jackson Kemper Annual Fund, the Bishop Salmon Endowed Scholarship Fund, or restricted to the Bishop Parsons Scholarship Fund. Planned giving, moreover, reduces taxes. Planned gifts are either given outright (e.g., gifts of appreciated securities, personal property, etc.) or deferred (e.g., bequests, charitable gift annuities and charitable trusts).

Planned Giving at Nashotah House

The Alice Sabine McGee Legacy Society was created to recognize benefactors of the House who have established a planned gift to support the House's mission.

If you would like to discuss planned gift opportunities, please contact William Montei, Chief Operating Officer, at bmontei@nashotah.edu
or by telephone at (262) 646-6518.

Gifts of Life Insurance and Retirement Accounts

“And the Lord said, ‘Who then is the faithful and wise steward, whom his master will set over his household to give them their portion of food at the proper time’” – Luke 12:42

Life insurance is another way to make a planned gift to the House. You can purchase a new policy and make Nashotah House the owner and beneficiary; the premiums can be made as tax-deductible contributions. You may also make Nashotah House the beneficiary of a percentage or all of an existing policy by simply updating a beneficiary form. Contact your life insurance company to do so.

You may name Nashotah House as beneficiary of your retirement plan. There is a tax advantage to doing this as the House does not pay tax on this distribution. Contact your retirement plan for a new form.

Wills

“We brought nothing into this world…we can take nothing out of it.” – I Timothy 6:7

Making a Bequest

Many donors who value the work of Nashotah House support its mission through a bequest. Over the years, these gifts have played an important role in the growth and success of the seminary.

Types of Bequests

There are a number of ways you can make a bequest to Nashotah House.

  • A cash bequest of a specified dollar amount
  • A specific bequest, such as securities, real estate or marketable collectibles
  • Retirement account assets, consisting of any benefits remaining in your retirement plans
  • A residuary bequest, in which Nashotah House receives all or a percentage of the remainder of your estate after other beneficiaries have been remembered
  • A contingent bequest, in which property is distributed to Nashotah House only if the named beneficiary is deceased

Benefits of Bequest Gifts

There are no limitations on bequest gifts. All charitable bequests are deductible for federal estate tax purposes with no limit on the amount of the deduction. In addition, bequests are generally not subject to state inheritance or estate taxes. If you have a taxable estate, the estate tax charitable deduction may offset or eliminate estate taxes resulting in a larger inheritance for your heirs.

Bequest Language

In order to make a bequest, you should speak with your attorney to make certain that your exact intentions are specified. We are available to you and your advisors to answer questions and create a gift that reflects your values.

Examples of Bequest Language

  • Unrestricted Bequest
    I give to Nashotah House Theological Seminary, a not-for-profit corporation located in Nashotah, Wisconsin, (the sum of ___________ dollars) or (a specific asset) or (____% of the remainder of my estate) to be used for the Seminary's general purposes.

    If you designate a particular purpose for your bequest, inclusion of the following language will ensure that your gift will always remain productive and will help Nashotah House respond to changing needs and conditions:

    If, in the future, Nashotah House's Board of Directors determines that all or a part of this gift cannot be usefully applied to such purpose, it may be used for any related purpose that, in the opinion of the Board of Directors, is most compatible with my wishes.
     

  • Bequest for a Specific Purpose
    I give to Nashotah House, a not-for-profit corporation located in Nashotah, Wisconsin, (the sum of ________ dollars) or (a specific asset) or (________% of the remainder of my estate) to be used for __________ (examples: scholarship, capital/technology needs  or a particular program).
     
  • Bequest for Endowed Scholarship
    I give to Nashotah House, a not-for-profit corporation located in Nashotah, Wisconsin, (the sum of _______ dollars) or (a specific asset) or (_______% of the remainder of my estate) to be used to establish the (insert desired name of fund).

    If this gift does not meet the minimum threshold then in place to establish a named endowed scholarship fund at Nashotah House, then such gift shall be added to the general fund for endowed scholarships for students.

We recommend that you contact our office for assistance with a bequest of a specific purpose or an endowed scholarship to ensure that your gift will be used as you intend.

For further information, please contact William Montei, Chief Operating Officer at bmontei@nashotah.edu or call (262) 646-6518 so that she can assist you. Your inquiry will be confidential and places you under no obligation.

Tax I.D. Number

Nashotah House Theological Seminary has a 501(c)(3) non-profit tax exempt status; our federal tax ID number is 39-0806195.

Nashotah House Theological Seminary
2777 Mission Road
Nashotah, WI 53058

Life Income Gifts

“In the beginning God created the heavens and the earth.” – Genesis 1:1

Life Income Gifts are planned gifts that provide you and your designated beneficiary an income for life in exchange for your gift. They can be established in several ways, the most common of which include a Charitable Gift Annuity, a Charitable Remainder Trust, or participation in a Pooled Income Fund or the establishment of a Charitable Lead Trust. All of these options are available through the Episcopal Church Foundation and other foundations or donor advised funds.

Charitable Gift Annuity

The benefits of establishing a Charitable Gift Annuity are similar to that of the pooled income fund, with the following differences: The minimum gift is $5,000. The income for life is guaranteed at a fixed amount. A portion of the gift is tax-deductible. A portion of the income received is tax exempt.

Charitable Remainder Trust

A Charitable Remainder Trust is available to donors using assets of $100,000 or more. A Charitable Remainder Trust may be funded with various types of assets, including real-estate. Like the Pooled Income Fund and the Charitable Gift Annuity, the Charitable Remainder Trust provides: Income for life Income tax deduction Relief from capital gains taxes Possible reduction in estate taxes. The income fluctuates based on the performance of the portfolio. If you are seeking fixed income annually, a charitable remainder annuity trust is an option to consider. Charitable Lead Trust The Charitable Lead Trust is a planned gift enabling you to transfer assets to a trust that pays its income to Nashotah House for a set period of time. At the end of the period, the principal and capital appreciation returns to you or others whom you name as beneficiaries.

Gifts of Appreciated Assets: Stocks and Real Estate

You may have highly appreciated assets that do not provide much income but cost too much to sell because of capital gains tax. These may be given to the House without capital gains tax, provide income for one or two lives, and offer further tax advantages to you. Gifts of stock can be made through the Office of Institutional Advancement at the House.

Outright Gifts to the Endowment

The Nashotah House endowment is a collection of individual funds established by donors and managed by the Board of Directors as a set of pooled assets. Invested wisely with any eye for the future, endowment principal grows while the income it generates makes possible the investments necessary to maintain excellence and to seize opportunities that might otherwise go elsewhere or be lost entirely. The Nashotah House endowment allows the House to attract and retain high-caliber faculty and students, provide and enhance student scholarship aid. The endowment is a force for strategic empowerment, stability, and competitive strength. Now is our time to build it. Any amount may be given directly to the Nashotah House endowment. Any cash or equivalent gifts of $100,000 or more payable to Nashotah House and restricted for use in the endowment are considered planned gifts and automatically enroll the donor as a member of the Alice Sabine McGee Legacy Society.

Endowment Investment Opportunities

Named Professorship $3,000,000
15 Full Tuition Scholarships $250,000
3 Full Tuition Scholarships $50,000
2 Partial Tuition Scholarships $25,000
1 Full Tuition Scholarship $16,750
1 Partial Tuition Scholarship $12,500
1 Partial Tuition Scholarship $5,000
1 Partial Tuition Scholarship $1,750

How to Make a Planned Gift

You may inform Nashotah House of your intentions to make a Planned Gift completing the Alice Sabine Legacy Society Form and mail it to:

Nashotah House Theological Seminary
The Office of Institutional Advancement
2777 Mission Road
Nashotah, Wisconsin 53058