Your generous gift to the University is an opportunity to leave a lasting impact on our institution, support the exceptional education we provide, and contribute to building a brighter, healthier future.

Charitable gift planning is, and can be, an important part of your plans, whether it is accomplished through outright gifts during your lifetime, a charitable bequest in your will, or establishing a life-income arrangement or other planned gift. We highly recommend that donors consult their tax or legal advisors before making a planned gift. Click here for a side by side comparison (PDF).

There are many ways for you, your family or your company to support Salus. Here are just a few opportunities to make a difference.

Retirement Assets

Your retirement-plan benefits are very likely a significant portion of your net worth. And because of special tax considerations, they could make an excellent choice for funding a charitable gift. Retirement-plan benefits include assets held in individual retirement accounts (IRAs), 401(k) plans, profit-sharing plans, Keogh plans, and 403(b) plans.

How It Works

  • You can also rollover a portion of your assets to make a donation directly to Salus, reducing your taxable income. 
  • If you're 70½ or older, you can donate up to $100,000 annually from your IRA's Required Minimum Distribution (RMD) to Salus University, enjoying tax advantages while supporting our mission.
  • Name Salus University as a beneficiary of your IRA rollover, 401(k), or other qualified retirement plan.
  • Pass the balance of your retirement assets to Salus by contacting your plan administrator.
  • Important! Tell us about your gift! Your plan administrator is not obligated to notify us, so if you don't tell us, we may not know.

Benefits

  • Continue to take regular lifetime withdrawals.
  • Maintain flexibility to change beneficiaries if your family's needs change during your lifetime.
  • Your heirs avoid the potential double taxation on the assets left in your retirement account.
Appreciated Securities (Stocks)

To make a gift of stock, contact our office at 215.780.1393. The electronic delivery of your stock is the most efficient method of transfer after you have notified the University.

Regardless of the method of transference, the donor or the broker must provide the following information:

  • Donor's name and address
  • Name and number of securities transferred
  • Specific program, if any, to which you wish the gift directed


The following will provide your broker with the necessary information to complete a electronic transfer of stock:

  • Broker: State Street Bank & Trust Company
  • DTC Number: 987
  • For Further Credit to (FFC): BJ60
  • Account Name: Pennsylvania College of Optometry Foundation Restricted SD
  • Account Number: 651704

A business owner who contributes closely held stock to Salus University will be allowed a charitable deduction for the fair-market value of the stock. An additional benefit is that the donor will escape the potential capital-gain tax on any appreciation in the value of the stock.

Life Insurance Policy

An important but frequently overlooked role of life insurance is the one it can play in charitable gift planning. Life insurance itself can be the direct funding medium for a gift, permitting the donor to make a substantial gift (face value of policy) for a relatively modest annual outlay (i.e., the premium payment).

Will and Living Trusts

Through various types of bequests to Salus University, you may secure a charitable estate-tax deduction for the value of the gift. Best of all, you will know that your generosity will support our mission for years to come.

You may prefer to state in your will or trust a sum of money or a percentage of your estate that you wish to give to Salus University.

Whatever form of bequest you choose, it is not subject to federal estate taxes and so significantly reduces the tax burden of an estate. The value of the bequest may be deducted when the taxable estate is determined, and there is no limit to the deduction.

Heritage Society