Additional Planned Gift Opportunities

Bequest

The easiest and most popular form of charitable estate planning is naming a charitable organization such as Winthrop in your will.  You may specify an asset, an amount of money or a percentage of your estate. A bequest to Winthrop gives you the option of making a gift that may have not been possible during your lifetime. Such gifts are an excellent way to honor or remember loved ones.

View the Bequest Worksheet.

Learn how to include a bequest to Winthrop University in your will.

Charitable Lead Trust

A lead trust pays income to Winthrop for a number of years while you maintain the wealth. Another lead trust option is to pay Winthrop the income for a number of years or a lifetime and the principal (asset) transfers to a trust for another individual. This enable you to make a future major gift to a child or grandchild.

Life Insurance

Life insurance is an excellent way to give. With the life insurance policy, you can make Winthrop the beneficiary. However, if you own or purchase a life insurance policy and make Winthrop the owner and beneficiary, you can deduct the premiums as a charitable gift. Paid-up policies also make excellent gifts.

You may establish a charitable gift that provides a life income and replace that asset with life insurance.  Your heirs who otherwise would have received the asset in the charitable trust are normally the beneficiaries of the the insurance policy.  Money to pay all or part of of the annual premiums is generated by the savings form the income tax deduction, plus some or all of the increase in income created by the gift.

Living Trust

The Living Trust plan is the most useful if you do not know whether or not you will have enough assets to give to Winthrop. You can set aside assets or income into a trust and name us as the ultimate beneficiary of the trust assets. The living trust allows you to support Winthrop today while keeping control and security for tomorrow.

Personal Property

You may make a gift of your personal property, such as art, a prized collection, or antiques to Winthrop for others to enjoy and receive a tax deduction.

Real Estate

A gift of undeveloped land or developed property to a qualified organization such as Winthrop is generally fully deductible for its current fair market value. The gift may allow the donor to completely avoid the capital gains tax that would be payable were the property to be sold. As with appreciated securities, the two tax savings combine to reduce the net cost of the gift to the donor.

Retained Life Estate

You can make a gift to Winthrop of your personal residence and still continue to live in it as long as you live. This will result in a charitable deduction on your income tax.

Retirement Plan Assets

Retirement plan assets are different from most other assets you own. At death these assets are subject to not only an estate tax, but also an income tax. Because of the extra income tax levied on retirement assets when they are transferred, those assets are ideal to fund a charitable gift at death. When you make a charitable bequest of retirement plan assets, you can offset the taxes with a charitable tax deduction. 

Stock, Bonds, Securities

One of the most frequently used assets for planned giving is marketable securities.  Using appreciated stock to make a gift to Winthrop produces two tax savings, a deduction for the current value and avoidance of the capital gains tax.

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This information is for illustrative purposes only and is not intended as legal advice. For legal advice, please consult an attorney.