Giving to ºÚÁϳԹÏÍø and our priorities, including our outstanding students, can be done either directly or through other types of gifts that can provide tax benefits and even income. Click on a type of gift below to learn more.
You would designate ºÚÁϳԹÏÍø as a beneficiary of your asset(s) by will, trust or beneficiary designation form.
In 2015, Congress enacted a permanent extension of the IRA Charitable Rollover. Because of this permanent extension, you can now make an IRA rollover gift to ºÚÁϳԹÏÍø.
You can designate ºÚÁϳԹÏÍø as a beneficiary of a retirement, investment or bank account, or of your life insurance policy.
With a Charitable Gift Annuity, you would transfer cash or appreciated property to ºÚÁϳԹÏÍø, and in exchange you would receive fixed payments (with rates based on your age) for the rest of your life.
With this type of gift, you would transfer cash or appreciated property to fund a charitable remainder unitrust. The trust would then sell your property, tax free, and provide you with income for life or a set number of years.
After you transfer cash or appreciated property to fund a charitable remainder annuity trust, the trust would then sell your property, tax free, and provide you with a fixed income for life or for a set number of years
You fund a trust that would make gifts to ºÚÁϳԹÏÍø for a set number of years. In return, your family would receive the trust remainder at a significant tax savings.
You may be looking for a way to provide your children with income while making a gift to ºÚÁϳԹÏÍø. The "give it twice" trust is a popular option that allows you to transfer your IRA or other asset at death to fund a term of years charitable remainder unitrust. This kind of trust is called a "give it twice" trust because you can use the trust to pay income first to your family for a number of years, and then distribute the balance of the trust to ºÚÁϳԹÏÍø.
Please contact us with any questions about a Testamentary Charitable Remainder Unitrust.
This type of gift allows you to leave your home or farm to ºÚÁϳԹÏÍø upon your death, while also receiving a charitable income tax deduction in the current year.
Please contact us with any questions about life estates.
When you are at a point in life that life insurance is no longer needed, you can change your life insurance policy beneficiaries to ºÚÁϳԹÏÍø. The policy can be designated upon death to support ºÚÁϳԹÏÍø as a partial or full beneficiary.
Why Include ºÚÁϳԹÏÍø in Your Life Insurance
Another option for those whose life insurance policies are obsolete who are also interested in a charitable deduction, is to transfer ownership of the policy to ºÚÁϳԹÏÍø. The size of the charitable deduction will vary based upon the status of the policy (fully paid, partially paid or new policy).
If you have questions, or for more information on how you can make a gift to ºÚÁϳԹÏÍø using your life insurance policy, please contact us.