You Don't Have to Win the Lottery... to Create a Permanent Legacy at the College of Education Thanks to support of donors like you, the college's Great Expectations campaign has topped $6.4 million! However, we still have a way to go to reach our goal of $20 million. How can you make your mark on the future of the College? One way is by establishing an endowed fund in your name. For example, if you were interested in creating a permanent fund for scholarships, contributions of at least $50,000 are needed to establish the endowment. What if that amount is greater than you can contribute? There are still a number of ways to meet the minimum requirement. Possible options include naming the University of Maryland College Park Foundation as beneficiary of a retirement account or existing life insurance policy, or planning the gift via a provision in your will (bequest). Another option, which also benefits you, is to consider making the gift using a new life insurance policy with a face amount of $50,000 or greater, with the University of Maryland College Park Foundation as owner and beneficiary of the policy. Since the Foundation owns the policy, your gifts to cover premiums are tax-deductible. For example, if you initiated a $50,000 policy that costs $2,000 a year for 10 years, with a tax rate of 35 percent, taking into account the tax savings, your actual net cost would be $1,300 a year. Going a step further, if you used appreciated securities, your net cost is even less because you avoid capital gains tax on the donated shares. You don't have to win the lottery to make your mark! By establishing affordable tax-deductible gifts today, you can create a legacy that supports Education students tomorrow and for many years to come. For more information on this and other giving concepts, please contact Assistant Dean for Development Darcelle Wilson at 301.405.6644 or email darcelle@umd.edu.		INSIDE: Upcoming events & Important dates A Global Perspective Faculty/Staff News Student Awards Campaign Update Tech Talk CoE In The News CB front page CB archives College home page
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