What planned gift is best for you?
There are many ways to make a significant charitable contribution to UArts. All can benefit the University while also protecting and enhancing your personal financial situation. The University is unable to provide financial or tax advice. We encourage you to consult with a financial or tax advisor to ensure your wishes are provided for in your estate and financial planning.
Gifts by Will and Other Revocable Provisions
This most common planned gift allows you to retain control to change terms during your lifetime. To make a bequest, simply include UArts in your will. You can find sample bequest language here. Charitable bequests are fully tax-deductible from your estate’s assets, allowing you to potentially save considerable estate taxes. There is no minimum required to include a bequest in your will.
Make a gift by transferring a paid-up policy or by naming UArts as the owner of a non-paid-up policy.
Simply name UArts as beneficiary of the remainder of your retirement assets from IRA, 401k, 403b or other qualified plans and avoid double taxation. Before remaining funds from retirement accounts are distributed to heirs, income taxes must be paid, then any estate taxes that are due. You can avoid both the income and estate tax by naming UArts as the beneficiary of your remaining assets, and the amount UArts receives is far more than what would otherwise go to your heirs. This option is simple—all one has to do is access the beneficiary page on the plan's website and add UArts.
Life Income Plans
Charitable Gift Annuity
Provide a generous future gift to UArts while securing a fixed life income and avoiding market risk. A charitable gift annuity is a contract between a donor and UArts by which UArts agrees to pay the donor and/or another named beneficiary a fixed income each year for their lifetime(s). This payment is secured by the full assets of UArts and will not change regardless of fluctuations in the stock market or the economy in general.
Deferred Charitable Gift Annuity
Delay income payments from your Charitable Gift Annuity for a future time, such as retirement.
Charitable Remainder Unitrust
Make a gift that can create a life income with a hedge against inflation and support more than one charity. A charitable remainder unitrust is a special type of gift plan that enables donors to transfer cash, securities, real estate, or other assets for the future benefit of UArts, while retaining the right to name one or more persons, including the donor, to receive a generous income (a fixed percentage of the trust's assets each year) for a period of time—usually for life.
Other Gift Options
Alternative gifts options include undeveloped land, residences, tangible personal property, closely held stock, limited partnerships, or other non-traditional assets.