Leave a Legacy to Mercy!
“At Mercy, from day one as a freshwoman until our last day as a senior and for the rest of our lives, we learn by heart respect, compassion, and how to get the most out of life.” - Mercy Student
People have always been endowed with a charitable spirit. But no community has embraced philanthropy more than Mercy’s. Many people assume that the joy of philanthropy is a privilege of the wealthy. Today, however, people of all ages and financial means are discovering that they too can leave a legacy.
A Legacy Gift to Mercy can be designated to a personal area of interest. Gifts can help ensure that Mercy lasts forever by supporting general operations, scholarships, academic programs, fine arts, Mercy traditions, capital improvements or other areas of the donor’s choosing.
Anyone can leave a legacy that will be felt and remembered at Mercy for generations. Please contact at 860.347.8957 to discuss the terms and conditions of a legacy gift.
Common, Simple and Easy Legacy Gifts
It is quick and easy to name Mercy as a full or partial beneficiary of:
- Checking Accounts
- Savings Accounts
- Stocks or bonds
- IRA or pension funds
- Life insurance policies
Simply ask the appropriate institution for a Beneficiary Designation Form, fill in and sign. To ensure a donor’s wishes for the use of the gift are met, please contact at 860.347.8957.
More Complex Legacy Gifts
With changing patterns of wealth, philanthropy interests and tax savings are often linked. With careful thought, preparation and professional advice, a donor can leave a legacy of significance, often with dollars that might otherwise be spent on taxes.
Legacy gifts of this kind are becoming more popular because they can often:
- Increase current, lifetime income for the donor or others
- Reduce the donor's income tax
- Avoid capital gains tax
- Pass assets to family at a reduced tax cost
- Make significant donations to charity
There are many vehicles that can help a donor provide for their family as well as leave a lasting legacy to Mercy, often with major tax advantages. Please consult an attorney or financial advisor for more information.