Charitable gift planning affords you opportunities to have an outsized impact on the causes that matter most to you with the possibility of reducing or eliminating current and future tax liabilities, creating income for you or your loved ones, and preserving wealth for future generations of your family.
Recent and pending changes to the tax code (Tax Cut and Jobs Act, CARES Act, CAA, and BBB) contain provisions incentivizing you to plan how, what, and when you give to charity. If you have recently experienced or are anticipating changes in your personal life or business, we encourage you to partner with us to ensure you're taking full advantage of these incentives.
Wesleyan University's Office of Gift Planning is a ready resource for you and your advisors. We welcome you to have a confidential, no-obligation conversation to align your personal financial situation with your philanthropic goals.
With a planned gift, you can take care of the people and pets you love, while continuing to meet your income needs and benefit from current tax incentives. And, you can support future Wesleyan students and help to ensure the transformative educational experience lives on for generations to come.
If you’re considering planning a gift, this site includes helpful information for you, your financial advisor, and estate planner. And when you’re ready, we’re here to help—reach out to us via the form below or contact one of our team members directly to start a confidential, no obligation conversation to discuss options tailored to you.
When you name Wesleyan University as a beneficiary in your plans, you will be welcomed into the Olin Associates legacy society. Any planned gift grants you membership, joining a community committed to sustaining the future of Wesleyan by supporting scholarships, faculty development, campus improvements, academic opportunities, and more.
If you've included Wesleyan in your philanthropic plans or intend to do so, please let us know. Sharing your intentions allows us to help you choose the gift that's right for you.
Olin Associates legacy society owes its name to one of Wesleyan's most honored trustees, Stephen H. Olin, who with his wife, Emeline H. Olin, nurtured the growth of the University into a leading institution. Olin Library, an architectural gem and wellspring of the University's intellectual life, was constructed largely with funds derived from an annuity agreement the Olins made with the institution in 1924.
Stephen Olin's bequest provisions for the University stemmed from a lifetime association with Wesleyan. Born on the campus in 1847 during his father's Wesleyan presidency, he graduated in the Class of 1866 and became a successful copyright law attorney in New York City. During his lifetime, Olin dedicated 45 years of service as a trustee to the University, assuming the post of acting president for the 1922-23 academic year.
Following her husband's death in 1925, Emeline Olin demonstrated her lively ongoing concern for the University. Residing in the brick house next to Eclectic, she took a deep interest in the construction of the new library, later endowing maintenance of the building with a major gift. Wesleyan awarded her an honorary degree in 1931.
The Olin Associates legacy society has taken as its emblem the scallop shell found on the coat-of-arms of John Wesley. Used in heraldry to signify long journeys to far countries, the scallop shell is a symbolic link to the tradition of social service for which Wesleyan is well known. The much-traveled Wesley started a religious movement in 18th century Britain that stimulated a wide range of social reform movements, reaching full flower in the 19th century. Wesleyan University was founded in 1831 as an enterprise to educate youth for "the good of the world," a goal that endures today.
Olin Associates legacy society members play an important role in the future growth and success of Wesleyan. We honor our members with:
In addition, we hope you will allow us to further express our gratitude in select publications. Olin Associates members often inspire fellow alumni and friends to create their own legacies.
To receive an official welcome into the Olin Associates legacy society, please provide one of our team members with documentation of your commitment, including purpose and amount, if possible. This will also allow the University to properly recognize and credit you for your generosity.
Not only do you have options for how your gift will be used, you also have options on what to give and how to give. There are gifts that cost you nothing now, gifts that pay you income, and gifts that allow you to decide what happens when.
Naming Wesleyan as the beneficiary of a retirement plan asset such as an IRA, 401(k), or 403(b) will accomplish a charitable goal while realizing a significant tax savings.
Through a provision in your written and executed will or living trust you can make a gift to the University in the form of cash, securities, real estate or personal property. There are many types of bequests. Consult with your attorney to choose the one that best fits your needs and intentions.
You can turn under-performing assets (cash, stock, CDs, savings bonds, etc.) into a gift to Wesleyan that provides income to you or you and a loved one. Your Wesleyan Charitable Gift Annuity will return fixed, quarterly payments for life and provide tax benefits, too.
When you donate appreciated stocks, bonds, or mutual fund shares instead of cash, your gift costs you less than the amount the University receives. You'll get a charitable deduction for the full amount of your gift and avoid the impact of capital gains taxes.
If you're 70 ½ or older, each year, you can instruct your IRA administrator to transfer all or part of your required minimum distribution (up to $100,000) directly to Wesleyan and avoid paying the tax had you taken it as income.
Like stock, the fair market value of gifts of appreciated assets such as real estate, artwork, and other well-curated collections can be deducted from your income tax today, avoid capital gains, and reduce estate taxes in the future. There are even ways to donate your home and live there as long as you'd like.
Name Wesleyan as a beneficiary of your donor advised fund. Designate the University
to receive all or a portion of the balance of your fund through your fund administrator (you can also make a grant to us at any time from your donor advised fund). The balance in your fund passes to Wesleyan when the fund terminates.
Charitable Remainder Trusts provide you income from an asset that then passes to the University as a gift. Charitable Lead Trusts provide income to Wesleyan before the asset passes to your heirs. For the savvy donor, charitable trusts can provide tax-advantaged income, eliminate capital gains, or preserve assets for your heirs.
Name Wesleyan as the beneficiary of an existing life insurance policy; donate an existing, paid-up life insurance policy you no longer need; or purchase a new life insurance policy and name the University as the owner and beneficiary.
Planning your estate and legacy for future generations including your charitable interests takes careful evaluation.
Discussing your charitable intentions with us can lead to a much better result than going it alone - and will ensure that your gift is used just as you wish. Act now to be a good steward of the resources you intend to leave behind. Please use the contact info below, or submit this form to get more information.
Mark Davis '96
Director of Gift Planning
Office phone: (860) 685-3660
If you are working with a professional advisor, or advising a donor, here's a handy guide for including Wesleyan University in a charitable estate plan.