In his last years, Dietrich von Hildebrand confided his literary bequest to his beloved wife, Alice. She in turn, having devoted her life to its promotion, has entrusted it to the Hildebrand Project.
We invite you to join in this legacy, carefully handed down, by remembering the Hildebrand Project in your estate plans.
- For many people, a bequest of cash, securities, valuables, or even real estate is the preferred vehicle for making a legacy gift. Not only does this cost nothing now (and may reduce estate taxes), bequests allow most people to make much larger gifts than they can in their lifetimes.
- Sample language: “I give, devise, and bequeath to the Hildebrand Project, 1235 University Blvd., Steubenville, OH 43952 (here insert specific dollar amount; percentage of estate; percentage of the residual of your estate; or describe property) to be used for its educational purposes.”
Gifting Your Retirement Accounts
A will is not the only way to make a legacy gift. Many people choose to donate a retirement account, such as an IRA or 401(k), which requires nothing more than adding the Hildebrand Project as a beneficiary following the death of the account holder.
- Up to $100,000 per year, which is free of federal taxes if you are 70 ½ or older.
Other Types of Planned Gifts
- Donation of stock, which grants a tax deduction on the appreciated value of the stock and avoids capital gains tax.
- Lead charitable trust, providing immediate support for the Hildebrand Project, with the remainder returned to your loved ones at the time of your choosing.
- Charitable remainder trust, providing income for you for life and a future gift to the Hildebrand Project.
If you have remembered the Hildebrand Project in your estate plans, please click here.