There are various "planned giving" methods to support the University of South Alabama. Each offers opportunities for commitments that will have a major impact upon South Alabama and the students we serve. Planned gifts also offer various benefits to donors. We would appreciate the opportunity to discuss any of the ideas presented below to you.
The charitable gift annuity is a wonderful way to ensure a lifetime income for you or someone you love while supporting the important work of the University of South Alabama. In return for your irrevocable gift of cash or securities, USA pays you a steady income, or annuity. Annuity rates for donors age 60 and over range from 5.5-11% and your annuity rate is based, in part, on your age. Benefits to you of a charitable gift annuity include:
Many friends find that a gift annuity allows them a wonderful opportunity to increase current income-often at a higher rate than they currently receive. Annuity payments are NOT affected by fluctuations in the stock market. You may wish to donate long-term appreciated securities, securities held for longer than one year, to establish your gift annuity without incurring an immediate capital gains tax. The gain is smaller than it would be on a sale, and is spread over your life expectancy.
If you would like to learn more, allow us to prepare you a no-obligation gift annuity calculation.
Charitable Remainder UnitrustA charitable remainder unitrust provides an annual payment based on a fixed percentage of a yearly determination of the value of the trust assets. (Example, gift an appreciated asset to the University of South Alabama and receive income for life or term of years, it can also be set up to benefit other family members). The unitrust can be for the life of one or more individuals or for a specified term up to 20 years. Upon termination of the annual payments to the beneficiaries, the remainder of the trust passes to the University of South Alabama to be used as directed by the donor. You will be eligible for an income tax deduction the year the gift is made. A unitrust can sell capital gain property contributed to the unitrust without either the donor or the unitrust recognizing capital gain, often called a flip-CRUT. This is a great way to take a highly appreciated piece of property and support family and the University of South Alabama.
Leave USA In your willA charitable bequest enables you to keep control of your assets during your lifetime and make a gift to the university at your death. You will be entitled to an estate tax deduction for the fair market value of the assets bequeathed to USA. To ensure compliance with your wishes, it is important to document your estate commitment with the Development staff at the University of South Alabama. We will set up a gift agreement which will spell out how we are to utilize your gift.
Sample wording of a typical bequest for the University of South Alabama :
"I give and devise to the University of South Alabama , located in Mobile , Alabama , my entire residuary estate, or _____ percent of my residuary estate, or ________ dollars, or a specific item to establish the _____________ fund or endowment at the University of South Alabama.
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