Ways to Make a Planned Gift

How it Works

1. You include a bequest provision in your will or revocable trust

2. At your death UA Foundation receives the bequest you specified

Benefits

• You may change your bequest or trust designation at any time

• You control the funding property during your lifetime

• Your bequest or trust designation will not be subject to any potential federal estate tax

• You provide future support for the UA 

Next Steps

• Read a detailed description of this gift

• Contact us to learn more about this gift plan or other options

• Read our suggested bequest language

• Request an eBrochure with more information about this gift

Do you want to support the University of Arizona but worry about having enough income for yourself and your loved ones? Life-income gifts such as gift annuities and charitable remainder trusts can provide donors with an income stream, significant tax savings, and the satisfaction of providing UA with vital long-term resources.

The creation of a life-income gift benefits both the giver and the receiver—a "win-win" situation. The following life-income gifts are available, and one may be right for you:

• Immediate Payment Gift Annuity
• Deferred-Payment Gift Annuity
• Charitable Remainder Unitrust
• Charitable Remainder Annuity Trust

This type of gift arrangement allows you to direct gifts to UA Foundation for a specified period of time and, in turn, receive either a charitable deduction now for gifts made in subsequent years or a reduction in gift or estate taxes on property you wish to pass to heirs.

Under the nongrantor plan, you irrevocably transfer assets to a trustee and provide that payments be made to the University of Arizona Foundation for a certain number of years (or until the end of your or another's life). Then the principal is distributed to your children, grandchildren, or other heirs. The principal passes to your heirs at greatly reduced gift- and estate-tax rates and sometimes escapes them altogether. The charitable lead trust may appeal to individuals who wish to make a gift but retain the property in their family.

Charitable lead trusts (CLTs) are simple in concept but are complex gift- and estate-planning devices because of the many technical drafting requirements of the IRS. We recommend you consult an attorney who specializes in trusts and estates and has experience with CLTs.

There are two types of charitable lead trusts: the grantor lead trust and the more popular nongrantor lead trust, which was made famous by the late Mrs. Jacqueline Kennedy Onassis.

• Nongrantor
• Grantor

Most donors who use CLTs to accomplish their philanthropic and estate-planning objectives opt to create a qualified CLT. Many requirements must be met for a CLT to be qualified, but here are a few major considerations:

• The payments (gifts) to UA Foundation must be an annuity interest (fixed-dollar amount annually) or unitrust interest (fixed percentage of the fair-market value of the trust assets determined annually). There are no minimum or maximum payout rates.
• The term of the trust (the number of years in which gifts will be made) must be measured by the life or lives of a person or persons living when the trust is created or a specified number of years.
• The charitable beneficiary must be an organization described in the appropriate sections of the IRS Code. The University of Arizona Foundation is a qualified charitable organization.

Your retirement-plan benefits are very likely a significant portion of your net worth. And because of special tax considerations, they could make an excellent choice for funding a charitable gift.

Retirement-plan benefits include assets held in individual retirement accounts (IRAs), 401(k) plans, profit-sharing plans, Keogh plans, and 403(b) plans.

• Lifetime Gifts
• Estate Gifts
• IRA Rollover Gifts: Aged 70.5 or Over

How It Works

• You make a pledge of support to UA Foundation

• You execute an estate note to pay off pledge from estate assets in case pledge remains unpaid at death

Benefit

You are assured that the programs you wish to support at UA Foundation will receive all the funds you intend

Next Steps

• Read a detailed description of this gift

• Contact us to learn more about this gift plan or other options

• Request an eBrochure with more information about this gift

The simplest way to support UA is through cash gifts. But creative gifts of assets can include stocks, bonds, and property (real estate and personal property such as artwork). These can not only provide you with charitable deductions, but often offer additional tax savings as well.

Choose the category of assets below that best fits your situation.

• Gifts of Cash, Checks, & Credit Cards
• Gifts of Appreciated Securities
• Gifts of Retirement Plans
• Gifts of Life Insurance
• Tangible Personal Property
• Gifts of Real Estate
• Closely Held Business Stock