Members of the Legacy Society have many planned giving options available. You can make bequests to the University in a will or name the University as a beneficiary:

• of a life insurance policy
• of your retirement plan
• of a testamentary trust
• in a charitable remainder or lead trust

Different approaches to Planned Giving:

• Charitable Remainder Unitrust No capital gains taxes are paid on the money or property put into the unitrust and the investment in the unitrust accumulates tax-free. The donor receives annual income of 5% or more of the unitrust for life and receives a tax deduction in the year the unitrust is established.
• Charitable Remainder Annuity Trust Similar to the unitrust except that the annuity trust distributes a specified annuity amount which is paid each year to the donor rather than a percentage of the unitrust.
• Gift of Property with a Retained Life Interest This option allows a person to deed property such as a residence or vacation home to a university and receive a tax deduction at the time of the gift. The donor retains the right to use the home or vacation property for the rest of his or her life in the same manner as before the gift was made.
• Lead Trust A donor puts a sum of money into a lead trust that will provide income to a nonprofit for a period of ten or more years. The funds in the trust are invested to achieve an annual income stream for the nonprofit. The lead trust corpus is then passed on to the donor's heirs with accompanying gift and estate-tax savings.
• Bargain Sales The donor sells real estate or tangible personal property to a nonprofit for less than the fair market value. In effect, the donor makes a tax-deductible contribution equal to the difference between the bargain sale price and the property's fair market value.
• Charitable Gift Annuities The donor purchases a gift annuity contract from a nonprofit with an excellent guaranteed annual rate of return and deducts a portion of the funds used to purchase the annuity. The donor receives tax benefits now and guaranteed income for life.
• Life Insurance This an excellent way for a young donor to make a major future gift to a charity. All premium payments to a life insurance policy where a nonprofit is the beneficiary are tax deductible, and if one donates a paid-up policy to a nonprofit, all the premium payments that have been made to purchase the policy are deductible at the time the gift is made.
• Gifts by Will Testamentary gifts by will are a common way to provide a gift in the future to a favorite charity or nonprofit organization. There are no tax benefits when the will is made, but the amount of the gift is excluded from the taxable estate, thereby reducing estate taxes.

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Please Join the Legacy Society now. Or let us know if you have already included the University in your estate plans. Email or phone (641) 472-1180. Vicki Alexander, Director of Planned Giving, will answer your questions on planned giving options.