Planned giving …. a smart thing to do!
Though giving is prompted by the heart, it also satisfies our practical side. By including UTSI in your estate plans, you may receive benefits, support the institute and make a difference to generations of students to come. Here are some options:
Gifts of Real Estate
By making a gift of property, you avoid the capital gains tax and receive a charitable deduction for the full fair market value of the property.
Gifts of Life Insurance
To receive a deduction, designate UTSI as both the beneficiary and owner of the policy.
UTSI can be named a beneficiary in your will as an outright gift, as a remainder beneficiary or through an amendment called a codicil
Gifts of Cash
Gifts of cash are fully deductible — up to a maximum of 50 percent of your adjustable gross income.
Gifts of Stock
A gift of appreciated stock offers a two-fold tax savings. You avoid paying capital gains tax on the increase in stock value, and you receive a deduction for the stock’s full fair market value.
Charitable Remainder Trusts
You receive income from the assets for your lifetime, qualify for a charitable deduction and save capital gains and estate taxes
Check with your attorney, accountant or other advisor for additional information on how these general rules apply to you. To find out more about how planned giving suits your interests, call (931) 393-7402 or e-mail:AlumniAffairs@utsi.edu