Planned Giving Opportunities
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Remainder Gifts
Through a remainder gift, a donor may contribute assets, such as securities or real estate, to UCDS and retain for life the income from those assets for himself or herself, or his or her spouse or both. A remainder gift permits the donor to take an income tax charitable deduction for a portion of the value of the gift. Furthermore, if the gift takes the form of appreciated securities or real estate, the donor does not pay a capital gains tax on the appreciation.
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Income Interest Gifts
Through an income interest gift, a donor may contribute the income from an asset while retaining ownership of that asset. In this case, UCDS receives income for a designated period of time after which the asset and any subsequent income reverts to the donor, his or her spouse, children, or other designated person. This form of gift offers both immediate and future tax advantages.
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Real Estate Gifts
A donor may contribute various types of real property to UCDS, including a personal recreation home, a farm, a commercial building, subdivision lots, undeveloped property, or a fractional interest in property. In the case of a personal residence, including a vacation home, the donor may make a gift of property and reserve the right to occupy it for his or her life and/or for the life of a spouse. Real estate gifts offer a variety of tax benefits.
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Gifts of Tangible Personal Property
If the donor gives a tangible asset, such as a work of art, which has appreciated in value, and the asset is used by UCDS in its educational program, the donor receives a charitable deduction equal to the asset's full fair market value. However, if the School does not use the asset, the donor's charitable deduction is limited to his or her cost basis.
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Gifts of Life Insurance
A donor may contribute an existing life insurance policy, which is no longer needed, or he or she may designate the School the owner and beneficiary of a new policy. In either case, the value (the donor's investment, if less) of the existing policy and the donor's gifts to UCDS to cover premiums will be fully deductible as charitable contributions.
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Bequests
A donor may include a bequest to the School in his or her estate plan. Bequests (outright, residual or contingent) may be for a specific amount, a percentage of the donor's estate, or even a residual portion.
If you are interested in making a contribution to UCDS in any of the above ways, we encourage you to speak with your own financial planner to see what might work best for you. If you have any questions about these giving opportunities, please contact Ginger Goble, Director of Development and Marketing at UCDS.
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