Residual designations

There are several benefits to considering a residual estate gift

• Preserving Your Legacy: By including our university as a residual beneficiary, you are preserving your legacy and ensuring that your values and passions live on through your philanthropy.
• Financial Flexibility: Residual estate gifts provide you with the flexibility to provide for your loved ones first while still supporting charitable causes that are important to you.
• Tax Advantages: Depending on your individual circumstances and the laws in your jurisdiction, there may be tax benefits associated with making a charitable bequest to our university, reducing the tax burden on your estate.
• Impactful Giving: Your residual estate gift will support vital programs, scholarships, facilities, and resources that empower students, faculty, and researchers to excel and make a difference in the world.
• Recognition and Appreciation: As a valued member of our donor community, you will be recognized and appreciated for your foresight, generosity, and commitment to education.

To include our university as a residual donor in your estate plans, we recommend consulting with your financial advisor or estate planning professional. They can help you navigate the process and ensure that your wishes are carried out effectively.

Thank you for considering this impactful way to support our university. Your generosity will leave a lasting legacy and help shape the future of education for generations to come.

Overlooked giving ways

Many individuals may not realize that there are various often-overlooked assets that can be utilized to support our university in their estate plans. Assigning a charity to the following assets is often as simple as filling out a beneficiary form. This can also simplify the probate process.

• Bank Accounts and Certificates of Deposit: Consider designating our university as a beneficiary or a contingent beneficiary on your bank accounts or certificates of deposit (CDs). By doing so, you can ensure that any remaining funds in these accounts will support our institution’s mission after your passing.
• Retirement Accounts: Retirement accounts, such as IRAs, 401(k)s, and pension plans, can be powerful tools for charitable giving. You can designate our university as a beneficiary of all or a portion of these accounts, providing support for future generations of students, faculty, and researchers.
• Life Insurance Policies: Life insurance policies offer a simple yet impactful way to support our university. You can name our institution as a beneficiary of your policy, or you can donate a paid-up policy that you no longer need, providing immediate support to our programs and initiatives.
• Real Estate and Personal Property: Real estate, automobiles, artwork, jewelry, and other personal property can be gifted to our university through your estate plans. These assets can be sold, with the proceeds supporting our institution, or they can be retained and utilized to further our mission.
• Business Interests: If you own a business or shares in a closely held company, you can include provisions in your estate plans to donate all or a portion of these interests to our university. This can provide significant support for our programs and initiatives while potentially offering tax benefits for your estate.
• Accidental Death Policy
• Annuities
• CD Accounts
• Vehicle(s)
• Individual Brokerage Accounts

By exploring these often-overlooked assets and considering how they can be utilized in your estate plans, you can maximize the impact of your philanthropy and leave a lasting legacy at our university. We recommend consulting with your financial advisor or estate planning professional to explore these options further and ensure that your wishes are carried out effectively.