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Planned
giving
All
universities, with their commitment to scholarships,
and with the costs of upkeep, need cash gifts. We ask
everyone to give to the annual fund for this reason.
But there are ways of making other
gifts that have impact. We call them planned gifts.
They could be through estates or, as in Mr. Kiam's case,
insurance. One-payment policies do grow to be substantial,
and there is a tax deduction.
Others give investments. Stocks that
have appreciated in value give the donor advantages
because there is no capital gains tax, and the donor
gets a charitable deduction for the full value of the
stock.
A pooled income fund is yet another
way one can avoid capital gains tax, retain income from
the asset during their lifetime, and upon death, the
initial gift goes to UB.
Some have given the university their
houses, but they've kept a life estate in it. They live
in the house, maintain it, and pay the bills. But they
get a tax deduction for a portion of the value of their
home. They may use that savings to buy a life insurance
policy to provide their heirs with something to replace
the value of the house.
There are many other ways of giving
with advantages you should consider. If you want more
information or assistance, contact UB Planned Giving,
Bryant Hall, 271 Park Ave., Bridgeport, CT 06601, or
call (203) 576-4696.
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