Planned Giving Options
Gift of Appreciated Securities: a gift of appreciated securities, such as stocks, mutual funds, and bonds can provide benefits to a donor. An outright gift of long-term appreciated securities (securities held for more than one year) bypasses capital gains tax and, in many cases, the benefactor obtains a charitable income tax deduction equal to the market value of the securities.
Gift of Real Estate: a gift of commercial or residential real estate can be given outright to support the purposes of Seattle University School of Law and qualify for a charitable income tax deduction based on the appraised value of the property. In addition, a home or land that is no longer wanted or needed can fund a unitrust or other life income gift.
Gift by Will: a gift through one's estate can provide support to Seattle University School of Law in any dollar amount. The gift can be made through a will or trust, as a specific dollar amount, percentage of the estate, or specific property.
The wording for a bequest by will is: "I give to Seattle University, a Washington nonprofit corporation, headquartered in Seattle, Washington, the sum of $__________ (or _____% of my estate; or the property described herein) for ____________ to be named __________."
Gift of Life Insurance: a donor can use a life insurance policy to support Seattle University School of Law by naming the law school as the owner and beneficiary of an existing, or newly created, policy.
Gift from a Retirement Account: transfer of an IRA or Pension Plan to a qualified charitable organization makes it possible to bypass potentially high income and estate taxes. This can be done by making Seattle University School of Law the beneficiary of all or part of your IRA or retirement account.
Gharitable gift Annuity: a charitable gift annuity is a contract between the donor and Seattle University that provides advantages for both, including the following benefits:
- guaranteed fixed payments, a portion of which is nontaxable
- charitable income tax deduction for a portion of the gift
- reduced capital gains taxes
- support for the Seattle University School of Law endowment
Charitable gift annuities may be funded with cash or securities. Payouts can be made annnually, semiannually, or quarterly, with rates based on the age of the donor at the time the gift is made.
Deferred Charitable Gift Annuity: a deferred gift annuity is similar to a charitable gift annuity, except that the payments are deferred to a future date. In addition, the donor obtains a charitable income tax deduction in the year the gift is made. A donor may defer payments to years when income is needed more, such as in retirement.
Charitable Remainder Unitrust: a charitable remainder unitrust pays the donor a predetermined percentage of the fair market value of the trust's assets as revalued annually. Additional Contributions may be to a unitrusted over time. The unitrust may be designated for Seattle University School of Law named endowed fund.
For additional information and to discuss your specific
philanthropic situation please contact:
Office of Advancement
Tel. - 206-398-4600
E-mail - email@example.com
This information is not professional tax or legal advice; consult a tax advisor about your specific situation.