Gifts That Cost You Nothing Now
Gifts in a will or by beneficiary designation are two easy ways to help students find their unique calling and become leaders of purpose for years to come — and they don’t cost anything now.
Gifts in a Will
Making a legacy gift in your will or trust is one of the easiest and most popular ways to make a lasting impact for Grove City College. Once you have provided for your loved ones, we hope you will consider making academic excellence part of your life story through a legacy gift.
(click infographic to enlarge)
A gift in your will is one of the easiest ways to create your legacy and offers the following benefits:
LASTING IMPACT
Your gift will create your legacy of passing on conservative values.
FLEXIBLE
You can alter your gift or change your mind at any time and for any reason.
NO COST
Costs you nothing now to give in this way.
Four simple, “no-cost-now” ways to give in your will
General gift
Residuary gift
Specific gift
Contingent gift
You can mix these no-cost ways together. For example, you might consider leaving a specific percentage (such as 50%) of the residual to Grove City College contingent upon the survival of your spouse.
Gifts by Beneficiary Designation
It’s easy to put your bank accounts, retirement funds, savings bonds, and more to use in transforming students’ lives through education — and it costs you nothing now.
By naming Grove City College as a beneficiary of these assets, you can power our mission for years to come and establish your personal legacy of Christ-centered learning.
(click infographic to enlarge)
Potential benefits of gifts by beneficiary designation:
Reduce or eliminate taxes
Reduce or avoid probate fees
No cost to you now to give
Create your legacy with Grove City College
Types of Gifts
Retirement plan assets
You can simply name Grove City College as a beneficiary of your retirement plan to develop values-driven leaders.
Life insurance policies
You can name Grove City College as a beneficiary of all or a portion of your life insurance policy. With this gift arrangement, the College will receive the proceeds of your policy after your lifetime. You can change your beneficiary at any time and may reduce your estate taxes.
Bank or brokerage accounts
This is one of the easiest gifts to give and one of the most useful in accomplishing your philanthropic goals. The next time you visit your bank, you can name Grove City College (Tax ID: 25-1065148) as the beneficiary of a checking or savings bank account, a certificate of deposit (CD), or a brokerage account. When you do, you’ll take a powerful step toward promoting Christian principles, the foundations of free society, and the love of neighbor for generations to come.
Funds remaining in your donor-advised fund
What remains in a donor-advised fund is governed by the contract you completed when you created your fund. When you name Grove City College as a “successor” of your account or a portion of your account value, you help secure the College’s long-term sustainability.
How to update a beneficiary designation:
Simply contact your bank, retirement plan administrator, insurance company, or other financial institution to request a beneficiary designation form. You may also be able to log in to your account and update your beneficiaries online.
Please use our legal name: Grove City College
Include our tax identification number: 25-1065148
Please let us know so we can ensure that your wishes are carried out.
Our Team is Here to Help
Our experienced team is here to help you…
- Learn about special projects that align with your interests.
- Structure a donation that maximizes benefits for you and your loved ones.
- Stay up to date on how your gift is used.
- And more!
Brian Powell ’03
Senior Director of Development
