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With careful estate planning, donors often discover
they can make the “gift of a lifetime”
– a charitable donation of a magnitude they might
not have dreamed possible – within their current
financial parameters. And while you want your gift
to make a difference, sorting through the many opportunities
for philanthropic support can seem almost overwhelming.
The University of Wisconsin-Green Bay is here to help
work with you, your family, and your financial advisors
to ensure your gift will have the greatest impact possible.
Giving options include:
Wills and Trusts
Charitable gifts made through a will are 100 percent
tax deductible. After providing for loved ones, you
may choose to make a gift to UW-Green Bay. Additionally,
you may designate the University as beneficiary in
the event your heirs do not survive you. Your attorney
can revise your will or make a simple amendment using
the following language found at the bottom
of this page
Charitable Remainder
Trusts
Assets (typically securities) are transferred to a
trustee, with income paid annually to one or more individuals
for a set period of time, or for life. At the end of
this irrevocable arrangement, the assets are a gift
to the University.
Charitable Lead Trusts
This is a flexible plan in which assets are transferred
to a trust that pays income to one or more charitable
recipients. As a fixed date or at the time of death,
the assets are transferred to others you name.
Pooled Income Funds
Sometimes called “charitable mutual funds”,
these are trusts made up of contributions from many
donors. Beneficiaries are designated for your share
of the annual earnings. The principal later becomes
property of the University to be used according to
your wishes.
Gifts from Retirement Plans
IRA’s, Keough Plans and pension plans are examples
of assets that can be big tax targets, making them
favorable candidates for charitable contributions.
One option is to add the University as a second beneficiary,
after your spouse.
Life Insurance
Insurance needs can change, as successful children
no longer need the protection, or as a family business
grows prosperous and secure. You can amend your existing
policy to add the University as an additional or contingent
beneficiary.
Gift Annuities
Unique among the deferred gifts is the gift annuity.
Part gift and part purchase, it earns a charitable
deduction for the donor and creates a life income stream
for the designated beneficiary, typically the donor
and/or spouse. This can be set up as a deferred annuity
– until after retirement, for example.
How to include UW-Green Bay in
your will
Cash, securities, real estate or personal property
can be conveyed to UW-Green Bay through a simple and
inexpensive amendment to your will. Sample language
is as follows:
SPECIFIC AMOUNT, UNRESTRICTED
PURPOSE
“I hereby give, devise and
bequeath to the University of Wisconsin Foundation,
for the benefit of UW-Green bay, the sum of $_________
as an unrestricted gift to be used in the area of greatest
need at the time the gift is received.
SPECIFIC
AMOUNT, SPECIFIC PURPOSE
I hereby give, devise and bequest to the University
of Wisconsin Foundation, for the benefit of UW-Green
Bay, the sum of $________ to be used for ______________.
It is understood and agreed that should the purpose
for which this bequest is instituted cease to exist,
then the University may devote said bequest for such
other uses and purposes as it determines to be in accordance
with my original intent in making this gift.
PERCENTAGE OF ESTATE, UNRESTRICTED PURPOSE
I herby give, devise and bequeath to the University
of Wisconsin Foundation, for the benefit of UW-Green
Bay, ________ percent of the rest, residue and remainder
of my estate as an unrestricted gift to be used in
the area of greatest need at the time the gift is received.
PERCENTAGE OF ESTATE, SPECIFIC PURPOSE
I herby give, devise and bequeath to the University
of Wisconsin Foundation, for the benefit of UW-Green
Bay, ________ percent of the rest, residue and remainder
of my estate to form an endowment fund for _______________.
This fund shall be a permanent fund and shall be known
as the ____________________________ fund. All distributions
from the Fund shall be described as having been made
available by this Fund.
Additional contributions to said Fund, whether by gift,
bequest or devise, may be accepted at any time with
the approval of the Foundation.
It is understood and agreed that should the purpose
for which this bequest is instituted cease to exist,
then the University may devote said bequest for such
other uses and purposes as it determines to be in accordance
with my original intent in making this gift.
Please keep in mind that tax laws and your own needs
may change, You should always consult with your own
attorney, accountant or advisors for the legal and
tax implications before making a major charitable contribution.
For more information, please contact:
Dan Spielmann, Director of Major Gifts and Government
Relations
Cofrin Library, Suite 820, University of Wisconsin-Green
Bay
2420 Nicolet Drive, Green Bay, WI 54311-7001
Phone: 920.465.5025
E-mail: spielmad@uwgb.edu |
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