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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Tuesday May 31, 2016

Washington News

Washington Hotline

Advance Healthcare Credits

Under the Affordable Care Act, many American taxpayers with low or moderate incomes qualify for a Health Coverage Tax Credit (HCTC). On May 26, the IRS announced that it is implementing a new program by July of 2016 to make advance HCTC payments.

During 2014 and 2015, the IRS was able to process HCTC claims after taxpayers filed their income tax returns. The new program will be available in states where the Health Plan Administrator meets IRS requirements and signs a Memorandum of Understanding.

The new system is dependent upon creation of procedures to confirm taxpayers are qualified to receive HCTC. The Treasury Inspector General for Tax Administration (TIGTA) published a May 16 report on the IRS efforts to develop an “Affordable Care Act Validation System” (ACV).

This ACV has been tested and is now in operation. Since 2014, taxpayers must report their healthcare coverage on tax returns. Some low and moderate income taxpayers receive HCTC, while others without qualifying healthcare must make a Shared Responsibility Payment.

ACV has passed federal data security requirements to become operational. It is now used to check taxpayer compliance with both the HCTC and the Shared Responsibility Payments.

Ryan Plans June Release of Task Force Proposals

In February, Speaker of the House Paul Ryan(R-WI) appointed six working groups. Each group was assigned one major area of potential legislation. At a Washington press briefing on May 25, Ryan announced that the six groups will all release detailed reports in June.

The first report will be from the poverty task force. Ryan stated that this task force's report on poverty issues will be published the week of May 30. He continued, “What you will see with each of these are detailed policy papers.”

The six task forces include the following:

1. Poverty, Opportunity, and Upward Mobility – The goal is to improve the safety net and enhance educational programs to help people to move from welfare to work and be empowered to live productive lives.

2. National Security – This task force will develop a strategy for the required military capabilities to confront national security threats in the 21st century.

3. Tax Reform – The goal of this group is to create jobs, grow the economy, raise wages, remove special interest carve-outs and make the tax code simpler and fairer.

4. Reducing Regulatory Burdens – It must become easier to invest, produce and build things in America through a less burdensome regulatory system. The government must still protect the environment, public safety and consumer interests.

5. Health Care Reform – A patient-centered system should be created with greater choice, control, higher quality and reduced cost.

6. Restoring Constitutional Authority – Reform the executive rule making process, exercise the power of the purse and create a system for Congress to exercise greater oversight over Executive departments.

Editor’s Note: Major tax reform and other bills are likely to be delayed until 2017. Speaker Ryan is preparing the pathway for introduction of bills in all six areas.

Published May 27, 2016
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