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For example, Charitable Gift Annuities and Charitable Trusts can provide families income for their lives and then pass the remaining assets to the University. The IRS awards a charitable tax deduction the year these irrevocable gifts are established, saving income tax. In many instances, these arrangements also by-pass capital gains taxes and estate taxes, as well. For more information about Life Income Gifts or to use a gift calculator to see an illustration on how you can benefit from a Life Income gift go to
http://www.tpf.org/individuals.
The easiest method for creating a bequest for the University is to make
a new provision in one's will or add a two-paragraph codicil to an existing
will. Schreiner's planned giving office will be happy to provide sample
language for wills and codicils for prospective donors to discuss with
their professional advisors. Dozens of other estate planning options
are available.
Donors
with Individual Retirement Accounts or company pension plans can often
save income and estate tax by adding a charitable partner.
Life insurance
and gifts of homes or vacation properties also make excellent estate
gifts.
Schreiner
University needs and appreciates planned gifts and will be happy to
work with donors and their professional advisors to review options and
consider imaginative approaches to accomplish each family's philanthropic
and tax-planning objectives.
Computer-generated illustrations of specific gifts and/or individual
planning conferences are available to all of Schreiner's friends without
cost or obligation.
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