Other gifts
Personal property
A gift of artwork, coins, antiques, or other personal property can be an excellent way to support Lasell.
A gift of personal property may be right for you if:
- You own artwork, antiques, or a collection of value that you no longer want.
- You own other personal property that would be useful to us.
- You want to save income taxes or capital gains taxes.
- You would like to make a gift to Lasell.
Benefits
- Maintaining valuable collectibles, such as works of art or antiques, can be a big responsibility. By giving your collectible to Lasell, you will no longer be responsible for keeping it secure, preventing its deterioration, or paying to insure it against damage or loss. If you are in this situation, consider making a gift of the item or items to us.
- Your gift of personal property will save you income taxes, provided you itemize, and capital gains taxes.
How it works:
You give your personal property to Lasell. We either put your property to a use related to our mission, or we sell your property and use the proceeds.
Life insurance
A gift of life insurance that you no longer need can be an easy way for you to provide generous support to Lasell University.
A gift of life insurance could be right for you if:
- Your life insurance policy is paid up or has substantial cash value.
- You have no loan outstanding against the policy.
- Your family is well-provided for by other means.
- You would like to make a gift to Lasell.
Benefits:
- Receive an income tax charitable deduction
- Reduce the burden of taxes on your family
- Leave a lasting legacy to Lasell University
How it works:
Option 1: You give your policy to Lasell.
As the policy owner, Lasell will either cash in your policy and use the proceeds, or maintain the policy until it ends and then receive its face amount. Your benefits will include:
- An immediate income tax charitable deduction for the value of your policy.
- No change in your cash flow.
- The satisfaction of making a generous gift to Lasell.
Option 2: You designate Lasell University as a beneficiary of your policy.
When your policy ends, Lasell will receive some or all of your policy’s death benefit, as you have designated. Your benefits will include:
- The death benefit of your policy will not be included in your estate, which may save estate tax if your estate exceeds the applicable exemption amount.
- No change in your cash flow.
- The satisfaction of making a generous gift to Lasell.
This option offers the additional benefit that you can change your mind about your gift at any time should circumstances in your life change.
We’re here to help you meet your goals!
Our team would be happy to speak with you in confidence about your giving goals, with no obligation.
Name: Terri Houston
Title :Philanthropy and Engagement Officer
Phone: 508-360-3002
Email: thouston@lasell.edu
Sarah Neill
Assistant Vice President for Alumni Engagement and Philanthropy
Phone: 617-243-2282
Email: sneill@lasell.edu
Already included us in your estate plan? Let us know
More ways to make an impact
Popular tax-smart gifts
Many people are increasingly choosing to give non-cash assets, so they can have a bigger impact at less cost to them.
Gifts that pay you back
Give assets while providing yourself or others with income for a period of time or distributions at a later date.