Planned Gifts & Bequests
Every man according as he purposeth in his heart, so let him give; not grudgingly, or of necessity: for God loveth a cheerful giver.
2 Corinthians 9:7
Leave a Powerful Legacy for the
Next Generation of Eagles!
Next Generation of Eagles!
Our Interfaith University Patrons can use planned giving, including charitable trusts and other means, to provide significant support for Interfaith University's teaching and research while enjoying financial and tax benefits for our supporters and their families.
A bequest is another effective way to leave a legacy at Interfaith University. Through the estate plan, our patrons can provide general support to the
University, or fund a program, project, or area of study that is
important to them.
A bequest is another effective way to leave a legacy at Interfaith University. Through the estate plan, our patrons can provide general support to the University, or fund a program, project, or area of study that is important to them.
Charitable Lead Trusts
Benefits of Charitable Lead Trusts:
- You control the timing of distribution of your assets to your heirs.
- Federal gift and estate tax deductions for the value of annual trust payments to Interfaith University may reduce your taxable gift to zero.
- You receive an immediate federal charitable income tax deduction in some circumstances.
Real Estate Gifts
- You can choose to make an outright gift of real estate, which can be used for the funding of a professorship, endowing of a scholarship, or other purposes.
- If you are to sell your real estate, you can transfer ownership of an interest in the property to Interfaith University. After the sale, the University receives its share of the proceeds.
- You can also make a gift through a retained life estate arrangement, under which you give Interfaith University your home, but retain the right to live there for the rest of your life. You also receive a current income tax reduction. Click here for more information about retained life estates.
A specific bequest directs a dollar amount or particular assets such as
securities, real estate, or tangible personal property (works of art or
rare books) to Interfaith University.
Through a residuary bequest, Interfaith University receives all or a percentage of the remainder of the estate after specific amounts bequeathed to other beneficiaries have been distributed and estate-related expenses have been paid.
A testamentary charitable remainder trust is created through a will and can provide income for a family member or friend. Interfaith University receives the remainder after a specified number of years or after the trust beneficiary dies. Alternatively, by providing payments first to I.U. for a number of years, a testamentary lead trust can be used to pass assets to heirs with significant tax advantages to the estate.