Types of Gifts

The Development Office can help you create a gift plan that will best express your desire to benefit the College, at the same time fulfilling your personal financial goals. A properly-designed gift can complement your own goals in several ways:

• Build a brighter future for your College
• Provide life-long income
• Convert low-yielding assets into a higher income stream
• Reduce or eliminate taxes on capital gains
• Generate a substantial federal income tax deduction
• Eliminate or reduce federal estate taxes

There are two basic categories of major gifts to be given to Cedar Crest: Current Gifts and Deferred or Planned Gifts. Each has its own advantages with regard to your financial plans, and each greatly benefits the College.

Current Gifts

Current gifts are gifts made in the current year that the College may be able to utilize immediately. They are often called "outright" gifts or "immediate" gifts. Current gifts are critical in supporting all areas of the College on an ongoing basis.

Deferred or Planned Gifts

Deferred Gifts are often called "planned gifts" because they are integrally connected to your financial and/or estate plans. They may range in size from very small bequests to multi-million dollar trusts. We call them deferred gifts because, even though they are given today, the College will not realize their benefit until some time in the future.

We divide Deferred Gifts into two general categories: Estate Gifts are those gifts normally associated with your Will or final distribution of your estate; Life Income Gifts provide either an income or the use of some asset for the duration of your life. Knowledge of deferred gifts is an excellent long-range budget planning tool for the College.

A documented deferred gift to Cedar Crest College makes you eligible for membership in the Legion of Loyalty. Please make all gifts to Cedar Crest College or to a trustee of a planned gift or testamentary statement with Cedar Crest College of Allentown, Pennsylvania, as the ultimate beneficiary.