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Estate and Gift Planning
Plan for future giving through bequests, charitable gift annuities, charitable remainder trusts and other planned giving vehicles. If you would like to learn more about making a planned gift to the SOU Foundation, call (541) 552-6127 or toll free (800) 501-7672, or email us at SOUFoundation@sou.edu.
OUTRIGHT GIFT
Outright gifts are current contributions of cash, stocks, bonds, mutual fund shares, real estate and personal property. As a donor you can benefit from an outright gift in the form of a tax deduction based upon the current value of the gift and the avoidance of capital gains tax if the gift involves appreciated property. Visit our How to Give page for more information on the many ways to give to SOU.
BEQUEST
A bequest through a Will or Trust is one of the most widely used and flexible ways to make a planned gift. Types of bequests include:
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General: |
An agreed upon dollar amount. |
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Specific: |
A specific property or security including real estate, stocks, or bonds. |
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Residual: |
All or portion of the estate’s property after specific bequests, debts, expenses, and taxes have been paid. |
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Contingent: |
The SOU Foundation serves as an alternate beneficiary in case the primary beneficiary dies or disclaims the bequest. |
CHARITABLE REMAINDER TRUST
This type of trust makes an annual payment to one or more individuals for life or a term of years. Upon termination of this charitable remainder trust, the property remaining will be transferred to the foundation and used for the purpose you have specified. There are two types of charitable remainder trusts:
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Unitrust: |
Income fluctuates annually with the fixed percentage of the fair market value of the trust. |
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Annuity Trust: |
Income payments are fixed and determined when the gift is made. |
CHARITABLE LEAD TRUST
A Lead Trust pays an income to the SOU Foundation for a number of years and then terminates. Upon termination, the assets are returned to your heirs with favorable tax treatment.
CHARITABLE GIFT ANNUITY
A deferred gift, such as a charitable gift annuity, is a great way to make a significant contribution. In exchange for your gift of cash or property, the SOU Foundation guarantees you a lifetime of income.
RETIREMENT PLAN GIFT
You can designate that the SOU Foundation receive any remaining assets of your IRA, 401(k), 403(b), or other qualified pension or profit sharing plan. By doing so, you maintain complete access to the assets during your lifetime.
LIFE INSURANCE
Naming the SOU Foundation as the owner and beneficiary of your life insurance policy is a great way to support the future of SOU, especially when your policy has a face amount that is much greater than the amount you can afford to give in cash. Pay the entire policy, or make annual contributions to the SOU Foundation for the cost of premiums.
RETAINED LIFE ESTATE
Primary residences, vacation homes and farms may be deeded to the SOU Foundation for benefit of the university. The gift provides the owner/donor the right to retain the use of property for life.
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