Because This is Auburn | Gift Planning

GIFT PLANNING

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AS YOU HELP BUILD AUBURN’S FUTURE, YOU CAN PREPARE FOR YOUR OWN. Leave a lasting legacy.

The Auburn University Office of Gift Planning can help you support Auburn while also meeting your philanthropic and financial goals. Planned gifts can provide benefits such as favorable capital gains tax treatment and a lifelong income for you and your spouse. With a variety of planned giving options that are available, your generosity will have a lasting impact on future generations at Auburn.

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No matter what option you choose, your generosity will have a lasting impact on Auburn.

GIFTS OF SECURITIES Gifting appreciated stocks, bonds, and mutual funds allows you to: • Make a difference in the life of a student, faculty member, athlete, researcher, or campus program • Avoid capital gains tax • Obtain a tax deduction for the appreciated value • Reduce the true cost of the gift while providing maximum benefit for Auburn • Transfer funds directly from your broker to the Auburn University Foundation brokerage account

RETIREMENT PLAN GIFTS Gifting your 401k, IRA, 403b, or other retirement accounts allows you to: • Avoid income taxes, thus simplifying work for your executor • Make a difference for Auburn and the programs you support • Change the beneficiary with ease by simply requesting the form from your retirement account company • Become a member of Auburn’s George Petrie Society, a donor recognition society for planned giving donors

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RETAINED LIFE ESTATE

LIFE INCOME GIFTS

Gifting a farm, home, vacation property, or similar assets allows you to:

Gift Annuities

• Retain the right to use the property for your lifetime or a term of years (Note: You still would be responsible for maintenance and taxes on the property.)

• Receive a charitable tax deduction today for the present value of the future gift • Become a member of Auburn’s George Petrie Society

BEQUEST/LIVING TRUST A gift through your will or living trust allows you to: • Provide support for Auburn and continue your Auburn legacy • Choose the designation to the college, school, or program of your choice • Benefit from a charitable estate tax deduction • Put your assets to work for you during your lifetime • Become a member of Auburn’s George Petrie Society

CHARITABLE LEAD TRUST You make a gift to a trust and the trust makes payments to Auburn. The remainder assets will be paid to designated beneficiaries, such as family members. This gift allows you to:

You make a gift and Auburn pays you (or you and your spouse) an income for life. Remaining assets are transferred to Auburn. This gift allows you to: • Support your favorite program at Auburn through remainder assets • Benefit from an immediate tax deduction • Avoid immediate capital gains tax on appreciated property • Enjoy partially tax-free payments • Receive payments for life • Rely on fixed payments • Secure excellent payout rates • Become a member of Auburn’s George Petrie Society

Charitable Remainder Trusts With our help, you establish a trust whereby you make a donation (usually of appreciated property) and the trust pays you an income.

An annuity trust provides fixed payments, and a unitrust provides variable payments, providing a possible hedge against inflation. This gift allows you to: • Support Auburn through your remaining assets • Benefit from an immediate tax deduction

• See your support for Auburn at work during your lifetime

• Avoid immediate capital gains tax on gifted appreciated assets

• Realize possible gift and estate tax savings

• Realize beneficial taxation of payments

• Reduce the possibility of income tax liability • Transfer assets to your heirs at a reduced cost

• Choose payments for life, lives, a period of years, or a combination of lives and years

• Defer transfer of property to your heirs when they are more mature and financially responsible

• Become a member of Auburn’s George Petrie Society

• Become a member of Auburn’s George Petrie Society

CONTACT

To learn more about how the Auburn University Office of Gift Planning can help you support Auburn University while also meeting your philanthropic and financial goals, please direct your inquiries to:

AUBURN UNIVERSITY OFFICE OF GIFT PLANNING (334) 844-7375 | plannedgiving@auburn.edu | www.auburn.edu/plannedgiving

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T

he first time India Way visited campus, she immediately fell in love with Auburn and cancelled all of her other campus visits. Now, she’s a management major in the Raymond J. Harbert College of Business and an active leader in student government, representing the college in Auburn’s student senate. It’s an experience she might not have had if it weren’t for the generous gift that made her scholarship possible.

The scholarship India receives takes away the pressure of paying for her Auburn education. It enables her to be more involved with her studies, rather than having to get a job to pay bills. It makes her appreciate the generous donors who support the hard work that she’s doing at Auburn.

“It’s so much of an encouragement that people think I’m deserving of their money — that they believe enough to invest in me.”

—INDIA WAY, SOPHOMORE

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LEGACIES Create Impact “We encourage other alumni to think about an annuity. Consider how Auburn has provided for your life and livelihood.

May we all develop an ‘attitude of gratitude.’” ­—CHUCK OTTO ’51

JIM ’59 AND BETTYE ’59 BALLENGER As 1959 graduates, Jim and Bettye Ballenger have a long history of appreciation and love for Auburn University. When Jim retired from a successful engineering career, they moved to Windermere, Fla., and decided to include Auburn in their estate plans.

Jim and Bettye established revocable living trusts, in which they named the Auburn University Foundation as a major beneficiary.

They also named Auburn as the beneficiary of several IRA plans. With wise investments and time, these future gifts will continue to grow and will support the Samuel Ginn College of Engineering and the Auburn University Libraries. The Ballengers’ gifts will provide scholarships for graduate students and enable the college and libraries to serve more students through enhanced educational opportunities.

Chuck Otto has Auburn University to thank for his long veterinary career. Following World War II, the GI Bill provided the funds he needed to attend college, and he quickly became part of the Auburn Family. His wife, Ruth, worked in the Zoology Department and the Fisheries Department, and later, the couple’s five children all graduated from Auburn. With so much that the university had given him, Chuck wanted to show his gratitude.

With his self-described “modest veterinary income,” Chuck found that an annuity was an affordable option, allowing him to contribute to Auburn’s success while ensuring that his wife’s financial future is secure. The Ottos established the Dr. and Mrs. Charles S. Otto Endowed Funds for Excellence in the College of Veterinary Medicine in 2011, an endowment funded through several gift annuities.

As a result, the College of Veterinary Medicine will receive funds for scholarships, and the Ottos draw a quarterly income (a portion of which is tax free) and receive a charitable deduction equal to approximately half the value of the total gift.

Their gifts will fund: • The James and Bettye Ballenger Endowed Funds for Excellence in the Auburn University Libraries • The James and Bettye Ballenger Endowed Funds for Excellence in the Samuel Ginn College of Engineering • The James O. and Bettye B. Ballenger Endowment for Fellowships in the Samuel Ginn College of Engineering, which provides fellowships to graduate students

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Office of Gift Planning 317 South College Street, Auburn, Alabama 36849-5137 (334) 844-2100 | plannedgiving@auburn.edu auburn.edu/plannedgiving BECAUSE@AUBURN.EDU | BECAUSE.AUBURN.EDU Auburn University is an equal opportunity educational institution/employer.

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