Planned Giving - Define Your Legacy and Make a Difference!

Planned Giving

With thoughtful planning, anyone can provide for their financial goals and help Jacksonville University continue to be an extraordinary place to learn. Planning may allow you to:
  • Benefit family and friends while providing for the university that is important to you
  • Leave a personal legacy that reflects your values and beliefs
  • Take advantage of possible tax benefits
  • Receive the satisfaction of giving back in a meaningful way
Legacy gifts take many forms, and reasons to include JU in one's financial and estate plan are as unique as each individual, but they share a single purpose: to ensure that Jacksonville University will prosper in the future.

We appreciate the continued commitment of alumni and friends to JU students and thank them for all they do to make our good work possible. We would be honored to assist you, too. JU's success depends on your vision and generosity.
How to Make a Difference at JU
You want to make a difference at JU, but don't know where to begin? Identify your goals and review possible strategies to achieve them.
Plan Your Gift At Any Age
Simple Planning Tips to protect your family and support JU too!


Contact Us
Maria Pellegrino-Yokitis, JD
Director of Major Gifts and Planned Giving
Jacksonville University
2800 University Blvd. N.
Jacksonville, FL 32211
(904) 256-7928
Tax ID: 59-0624412


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Thursday September 29, 2016

Washington News

Washington Hotline

Congress Considers Retirement Plans

As the election clock continues to race forward, the Senate Finance Committee this week passed several retirement plan bills.

Many Americans have a 401(k) plan. With a traditional 401(k) plan, the employee may make tax free contributions and enjoy tax free growth. Distributions must commence after age 70½, with a starting payout rate of approximately 3.8% of the plan balance. Distribution percentages increase as the person becomes more senior.

A common plan also involves a very favorable employer match of typically 3% to 5%. In 2016, the employee may make a contribution of up to $18,000. Workers over age 50 are permitted an additional "catch up" contribution of $6,000.

The bipartisan Lifetime Disclosure Act (S. 1317) is designed to increase employer disclosures to workers. The bill is cosponsored by Sen. Johnny Isakson (R-GA) and Sen. Chris Murphy (D-CT). They seek to help workers to have a better understanding of the value of their 401(k) and their likely retirement income.

The bill is modeled on the Social Security disclosures each year. In 1969, Congress directed the Social Security Administration to send an annual statement to each worker. The annual statement shows all Social Security contributions and also projects the individual's monthly income upon retirement.

Isakson and Murphy believe that 401(k) owners should have a similar disclosure each year. Isakson stated, "American workers need access to the best available information about their investment choices and exactly what they will yield upon retirement. This information not only helps them to plan, but promotes increased savings while they are still in the workforce. Defined contribution plans such as 401(k)s are increasingly the retirement plans American workers count on, and this legislation will encourage participants to think of their 401(k) investments as a vehicle for lifetime income."

Published September 23, 2016
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