Funding Your Gift
There are creative ways to support Slippery Rock University in which SRU, you and your loved ones all receive benefits. These giving methods are called "planned gifts," because thoughtful planning creates win-win situations for you and for SRU. For example, you can:
Also, you can support SRU with gifts that do not impact the way you live by designating SRU to receive estate assets in the future or by making immediate gifts of assets that are "out of sight and out of mind." You can make a gift now without impacting cash flow, lifestyle, or family security. You can:
- Make a gift to SRU that costs nothing during your lifetime
- Gift stock and realize significant tax savings
- Receive a monthly paycheck for life in return for your gift
- Contribute your house, continue to live there, and receive a tax break at the same time
Also, you can support SRU with gifts that do not impact the way you live by designating SRU to receive estate assets in the future or by making immediate gifts of assets that are "out of sight and out of mind." You can make a gift now without impacting cash flow, lifestyle, or family security. You can:
- Make a gift that leaves your cash flow and current financial planning unchanged
- "Buy low and give high" by making your gift with appreciated stock
- Give an asset you no longer need or want
You can plan a gift, like those summarized below, that will only take effect after your other obligations have ceased.
Charitable Requests
It is easy to plan a gift through your will or living trust, or via a beneficiary designation on your Individual Retirement Account (IRA), 401k, or other financial account. Charitable bequests cost you nothing during your life, they can be changed if your needs change, and they can minimize potential estate costs and taxes.
Gifts from a Retirement Plan
Use assets subject to double taxation for your gift to SRU and leave more to your family and other beneficiaries.
Gifts of Life Income
Gift annuities and charitable remainder trusts can provide donors with an income stream, significant tax savings.
Gifts of Appreciated Stock
Margaret gives $1000 a year to SRU, and the gift qualifies her for membership in the “Wonderful Person Club.”
Margaret would like to join the “Really Wonderful Person Club,” which requires a $10,000 contribution.
Margaret happens to own securities worth $10,000 that she bought 15 years ago for only $2000. If Margaret sells the stock, she will have a capital gain to report of $8000 and a capital gains tax to pay of $1200 (15% x $8000). So the stock is really worth only $8800 to Margaret ($10,000 minus the $1200 capital gains tax burden).
But if Margaret gives the stock to SRU, the foundation will keep the entire $10,000 free of capital gains tax (as a tax-exempt organization). And Margaret will receive an income tax charitable contribution deduction for the full $10,000, which saves her taxes of $2800 in her 28% tax bracket.
It is fair to say that her $10,000 gift will actually cost her only $6000 ($8800 – $2800 of taxes saved). And the director of planned giving has promised not to tell any of the other members of the $10,000 gift club that Margaret actually sneaked in for only $6000!
Margaret would like to join the “Really Wonderful Person Club,” which requires a $10,000 contribution.
Margaret happens to own securities worth $10,000 that she bought 15 years ago for only $2000. If Margaret sells the stock, she will have a capital gain to report of $8000 and a capital gains tax to pay of $1200 (15% x $8000). So the stock is really worth only $8800 to Margaret ($10,000 minus the $1200 capital gains tax burden).
But if Margaret gives the stock to SRU, the foundation will keep the entire $10,000 free of capital gains tax (as a tax-exempt organization). And Margaret will receive an income tax charitable contribution deduction for the full $10,000, which saves her taxes of $2800 in her 28% tax bracket.
It is fair to say that her $10,000 gift will actually cost her only $6000 ($8800 – $2800 of taxes saved). And the director of planned giving has promised not to tell any of the other members of the $10,000 gift club that Margaret actually sneaked in for only $6000!
Gifts of Life Insurance
Make a significant gift to SRU without a large estate. You can leverage your dollars for a much larger gift.
Gifts of Real Estate
Give a valuable asset in exchange for sizable tax benefits and possibly an income stream for you and/or your family.
Gifts of Personal Property
Give personal property that enhances the mission of SRU and provides tax benefits to you.
Interested in learning more?
Connect with us at contact@srufoundation.org or call 724.738.2004.
