|
Gifts
in Honor and in Memory
Any gift to the University of Evansville
may be made in memory or honor of an individual. Please be certain to include
the individuals name with your gift. UE will then inform the individual
or their family of your generosity and thoughtfulness.
Popular Gift Choices
Bequest in Will
The most popular method of deferred giving is to
include a bequest in the will. Bequests can be for general use or
designated to support a particular program or scholarship. The estate
receives a deduction for the bequest amount, thereby reducing the value
of the estate and possibly reducing or eliminating the estate tax. Our
office can provide you with sample language to include in your will.
Charitable Gift
Annuity
A charitable gift annuity is a contract between you
and the University
of Evansville and
one of the simplest ways to make a gift. You transfer cash or marketable
securities to UE and we agree to pay a fixed quarterly or annual amount
to you and/or another beneficiary. The annuity rates of return are based
on the beneficiary's age. You can claim a current charitable deduction
for a portion of the transfer and a portion of each annuity payment is
treated as a tax-free return of principal. If the gift annuity is funded
with long-term appreciated stock, then the capital gains are spread out
over a number of years.
Deferred Gift
Annuity
A deferred gift annuity is similar to the charitable
gift annuity except that the charity agrees to pay the annuity starting
at a future date. You can take an immediate charitable deduction for the
gift portion of the transfer. When the payments begin at a later date, a
portion of each payment will be tax-free.
Charitable
Remainder Trust
A charitable remainder trust is an irrevocable trust.
You transfer property to the trust and the beneficiaries receive regular
payments for a period of years or for life. When contributing highly
appreciated stocks or property, capital gains taxes are avoided. You
receive an immediate income tax charitable deduction for the portion of
the transfer considered a gift to the University of Evansville.
If a unitrust is created, you will receive a fixed percentage of the
trust assets as valued annually. If an annuity trust is created, then the
amount is fixed based on the initial fair market value of the trust
(cannot be less than 5%). Trusts can be established with hard to value and
illiquid assets, such as real estate, closely held stock, and partnership
interests.
Charitable Lead
Trust
A charitable lead trust provides payments to a charity
for a term of years. After the term expires the property passes to the
donor or to non-charitable beneficiaries. A lead trust is an excellent
vehicle for transferring assets to family members at a reduced tax cost.
|
