Mount Mary offers several ways for you to make a memorial gift or honor a loved one. You can make a one time gift, establish an endowed scholarship, endowment fund or planned gift as a memorial.

• Bequests—A bequest is a great way to create a legacy in your name or in a family name, establish a memorial to honor a significant person in your life or show your gratitude. A bequest is made through your will or a revocable trust. A bequest is easy to arrange, will not alter your current lifestyle and easily can be modified to address your changing needs. Please contact the Donor Relations Office to discuss your intent and the appropriate wording to ensure your wishes are met.
• Life insurance—You can sign over an existing life insurance policy, making Mount Mary the beneficiary and owner of the policy. In general, you will be entitled to an income tax deduction for the cash surrender value and can deduct the amount of future premiums. You also may purchase a new life insurance policy and name Mount Mary as the beneficiary and owner of the policy. Rather than paying premiums to the insurance company, you make tax deductible cash gifts to cover the annual premiums. Through relatively modest annual gifts, you can create a major irrevocable gift.
• Retirement gifts—You can name Mount Mary as the beneficiary of a 401(k) or other tax-deferred retirement plan. There are significant estate taxes if the retirement plan goes to a family member versus being given to a qualified not-for-profit 501(c)3 organization such as Mount Mary.
• Real estate—Real estate may be given through a will or trust that names Mount Mary as the owner. It is possible to transfer ownership of your personal residence to Mount Mary during your lifetime. You will receive an income tax deduction for the property and can continue to use the property.
• Charitable trusts—You can make a gift to Mount Mary through a living trust, charitable remainder trust, charitable uni-trust or charitable lead trust. Minimum gift accounts may apply.

You can personally impact students’ education and experiences at Mount Mary. Your CLASS GIFT is an investment in a future Mount Mary alum who will soon be a leader in our community. It also ensures that Mount Mary University can continue to offer a life-changing experience. . . whatever path she may choose. Make your class gift now at mtmary.edu/reunion.