CCS is fortunate to have donors who support the College in many ways. No matter how you may choose to give, your generosity helps our students now and into the future. Here are some ways you could choose:
Combination of Cash and Assets
By blending cash and assets, your gift will be magnified. For example, a gift of $25,000 in cash and $25,000 through a will enables you to make a $50,000 gift while preserving your asset until later.
Appreciated Stocks
When you give stocks that have increased in value, you can count the value of those stocks as charitable deductions. Additionally, you avoid the capital gains tax you would have incurred by cashing the stocks. It’s easy to do by electronic transfer.
Giving Through Your Estate Plans
One of the simplest ways to give assets is by a will/through your estate plan. You can give a specific dollar amount or percentage of your estate. This link will take you to specific language your attorney or advisor will need to assure your intentions: [hotlink to Giving by a Will Language]
Individual Retirement Accounts (IRAs)
Many Americans have one or more IRAs, 401(k), or other retirement plans. You can give from these assets, name CCS as a full or partial beneficiary. Your Required Minimum Distribution (RMD) from an IRA can be given tax-free up to $100,000 per year.
Donor Advised Funds (DAFs)
If you have a Donor Advised Fund, it’s simple to transfer funds to CCS. You can also name CCS as a full or partial beneficiary of a DAF.
Charitable Annuities and Trusts
There are other gift planning options such as Charitable Gift Annuities and Charitable Remainder Trusts. With these arrangements, you can save on taxes and possibly gain a guaranteed, lifetime income.
IRA Rollover
If you are 70 1/2 or older, you can make a tax-efficient gift from your retirement plan to the area of CCS you’d most like to support.
While most annual required minimum distributions (RMDs) from individual retirement accounts (IRAs) are taxable, you can donate up to $100,000 to CCS through a qualified charitable distribution, which is also known as an IRA charitable rollover.
To make a gift from your IRA:
Contact your IRA custodian and ask the representative to mail a check in the amount you desire (up to $100,000), payable to College for Creative Studies.
Mail to:
College for Creative Studies
Institutional Advancement
201 E. Kirby
Detroit, MI 48039
Call CCS’s Office of Institutional Advancement: 313.664.7465 to confirm the details of your gift, including:
What: The donation amount
When: The date the check is due to arrive at CCS
Who: The name of the IRA custodian
How: The CCS fund or initiative you’d like to support
Our Advancement staff would be happy to help you learn more about the giving options that are best suited to your needs and intentions. No obligation or pressure. Please contact the Director of Campaigns and Major Gifts at [email protected] or 313.664.7984.
