Legacy Gift Options

There are many ways to support the College with an estate gift, options that help you balance planning for family and loved ones with a chance to give back.  The following provides a brief introduction:

Charitable Bequest – By naming Northeastern Junior College Foundation in your Will or Living Trust, you create a gift today that we will receive only when your estate is settled. 

IRA or Retirement Plan – You can name Northeastern Junior College Foundation as a beneficiary of your IRA or workplace retirement plan.  To include the College, simply request a “beneficiary change” form from your IRA custodian or Human Resources department, complete the form, and then return it according to their instructions.  Beneficiary change forms are often available online.

Life Insurance – You can name Northeastern Junior College Foundation as the beneficiary of a new or existing life insurance policy.  To include the College, simply request a “beneficiary change” form from your life insurance company, complete the form, and return it according to the instructions provided.  Again, most companies make beneficiary change forms available online.

Charitable Gift Annuity – A gift annuity is a simple contract in which Northeastern Junior College Foundation agrees to pay you (and/or another person) an income for life, in exchange for a gift you make today. 

Charitable Remainder Trust – In the right situations, a charitable remainder trust can provide powerful financial, tax, and estate planning benefits.  You donate assets into trust for the eventual benefit of Northeastern Junior College Foundation.  In the interim, the trust pays income to you and/or your designated income beneficiaries. 

Charitable Lead Trust – A charitable lead trust can provide support for Northeastern Junior College Foundation, while transferring assets in the future to your heirs with little or no gift or estate tax. 

Retained Life Estate – You can donate future ownership of a residence to Northeastern Junior College Foundation, while still retaining the right to live there for the rest of your life. 

Any of these estate gifts could help make a significant impact at the College, and we would love to honor your support through our Plainsmen Heritage Society. 

For more information about any of these options, please contact the foundation at foundation@njc.edu, 970-521-6777.  All inquiries are held in confidence.  There is never an obligation to complete any gift.