1. Support Rosemont College
    2. Planned Giving
    3. Why We Give

Why We Give

Chris Doyle ’96

Chris DoyleMy parents and I decided I should attend Rosemont in 1992. It fit me perfectly and allowed me to accomplish many of my goals. They often joked that Rosemont was the best thing that ever happened to me and I would have to agree. When my parents passed away a few years ago, I decided that it would be a fitting memorial to them both to bequest a gift to Rosemont College. Both my mom and dad were proud Rosemont parents, often wearing the requisite Rosemont sweatshirt as they went about their days. I could think of no better way to honor their memory than to give back to the place that has given me so much.

Marlene Barnett ’99

Marlene BarnettI made a bequest to Rosemont because I appreciated that there was an evening program aimed toward working adults when I needed that type of schedule/curriculum to finish my degree. After much consideration and prayer, I decided to make a bequest to establish a scholarship so that adults who need financial help will have access to a Rosemont education. I’ve worked hard and feel blessed and happy to be able to help others in some small way.

Millie Niles Cooper ’54

Millie Niles CooperI made a bequest to Rosemont in my Will as a small way to thank the Holy Child Sisters and the institution they began and fostered. I believe in Rosemont and its mission today, and I want it to continue into the future. I want to be a part of the lives of students that Rosemont will serve by investing in Rosemont in this way now.

Mary Kathryn Campbell, PhD ’60

Rosemont College logoIn 2011, Mary Kathryn Campbell, PhD ’60, a professor at Mount Holyoke College and the author of numerous collegiate chemistry textbooks, established the Mary Kathryn Campbell Fund for Scientific Discovery in Chemistry at Rosemont College through a generous bequest. Following her death in 2014, Rosemont received a total of $3,072,846, as the result of her thoughtful estate planning. The College is very grateful to Mary for her foresight in establishing the Fund through her will. The Fund will enrich the lives of students and faculty in the sciences for decades to come. Recent purchases made possible by the Fund include:

  • classroom furniture containing electrical hook-ups for laptops and other devices
  • audio visual equipment and new sympodiums for use by faculty in the classroom
  • state-of-the-art anatomically correct human models
  • laboratory instrumentation to analyze samples
  • restoration of the coral reef

Future uses of the Fund will include additional upgrades to classrooms and laboratories, as well as internship and research funding and faculty development funding.

The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.

Rosemont College is a community of learners dedicated to excellence and joy in the pursuit of knowledge. Rosemont College seeks to develop in all members of the community open and critical minds and the ability to make reasoned moral decisions.

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A charitable bequest is one or two sentences in your will or living trust that leave to Rosemont College a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

 Bequest Language

The official bequest language for Rosemont College is: "I, [name], of [city, state, ZIP], give, devise and bequeath to Rosemont College [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Rosemont or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Rosemont as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Rosemont as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and Rosemont where you agree to make a gift to Rosemont and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.
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