Have you heard? Charitable IRA rollovers are a more effective way than ever to make a gift to Mills, thanks to the extension of a federal tax law that permits IRA owners starting at age 70-1/2 to make tax-free charitable gifts totaling up to $100,000 per year from their IRAs directly to eligible charities through December 31, 2009. Learn more about Charitable IRA rollovers.

Many donors discover that they can make a substantial gift to Mills through deferred giving. Usually, these gifts are trust agreements from which income is paid to the donor during his or her lifetime, with the remaining principal going to Mills after the donor's death. Donors may enjoy full tax benefits for such contributions, enhancing their own financial situation even as they make a lasting contribution to Mills. Donors may also name a beneficiary to receive income payments for life.

Including Mills in your will or living trust creates a significant legacy. Unrestricted bequests, expressed as a percentage of an estate, often convey the donor's intention more accurately than a specified sum. Mills' director of gift planning can provide details about the many forms that a planned gift may take and the tax advantages associated with each, as well as examples of bequest language. The Aurelia Henry Reinhardt Society, named after Mills’ president from 1916 to 1943, honors alumnae and friends who have included Mills in their estate plans, either through a bequest intention or a charitable life income gift.

Please contact:
April Hopkins, Director of Gift Planning
Mills College
Office of Institutional Advancement
Phone: (877) PG.MILLS (877.746.4557)
Fax: 510.430.2301
Email: aprilh@mills.edu

Inquiries put you under no obligation whatsoever. Mills College does not offer tax advice.