Bequests
Types of Planned Gifts
Which Vehicle will allow me to meet my Goals?
Wills and Estate Plans
A bequest through a will or revocable trust is a popular and flexible way of planning a defered gift to the University. It is a simple way to make a future gift while retaining control over property during one's lifetime. There are often possible estate tax savings involved with this method of giving.
Charitable Remainder Trusts
To create a charitable remainder trust, a donor places assets into an irrevocable trust and names a trustee (for example, a University Foundation or bank trust department). The trustee invests the assets (which can grow tax-free) and pays an income for life or a set term of years to the beneficiaries the donor selects. When the last income beneficiary dies or the trust's term ends, the trust disolves and the remaining assets (charitable remainder) are given to the University to be used for the purpose the donor has designated.
Charitable Remainder Annuity Trusts allow a donor to receive a variable income that is based on a percentage of the trust's assets. Income payments increase or decrease with the changing value of the trust.
Charitable Gift Annuities provide a fixed income to the donor. There are often tax benefits in estate and capital gains taxes with this kind of trust or annuity.
Charitable Lead Trusts
Charitable lead trusts are like charitable remainder trusts in reverse. The donor selects the assets used to fund the trust and then decides how long it will last. The University will receive income from the trust while it exists. There is no minimum payout and when the trust terminates, its assets return to the donor or the designated beneficiary.
Life Insurance
There are numerous ways to give through life insurance. Often a simple designation of the University as primary or secondary beneficiary through a policy provides substantial support for the programs that the donor wishes to advance.
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