Plan Your Gift to Meet Life Circumstances

Establish a Charitable Remainder Trust to Save Taxes and Increase Income

Susan wants to support UIS but is concerned about the economy. She is hesitant to make a large outright gift. She decides to establish a charitable remainder trust. She receives a substantial deduction that reduces her taxes, avoids tax on the capital gain upon transfer, and increases her income.

Donate Your IRA Required Minimum Distribution

Raymond has reached the age where he must take a required minimum distribution (RMD) from his IRA. He doesn’t need the income and would like to avoid paying the tax on his distribution each year. He wants to support student scholarships at UIS and has learned he can direct his IRA custodian to distribute up to $100,000 as a qualified charitable distribution (QCD) to the University of Illinois Foundation. His distribution can satisfy, in whole or in part, his RMD for the year and will not be included in his income.

Combine Present Outright Gifts and a Future Legacy Gift

Sarah has been making gifts to support UIS for 20 successive years. She gives $4,000 per year to support a program she highly values. To ensure that impact continues, she includes a bequest in her will for $100,000 to establish a named endowed fund which allows a percentage of the earnings to be used each year in perpetuity for the program she benefits with her annual gift. As the endowment grows, her distribution to the program will increase. Sarah likes that she can provide help now and into the future with her legacy gift.

The information contained herein is offered for general informational and educational purposes. The figures cited are accurate at the time of writing. State law may affect the results illustrated. This is not legal advice. Any prospective donor should seek the advice of a qualified estate and/or tax attorney or professional to determine the consequences of their gift. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association.

A Bequest Is The Most Popular Way To Create A Legacy At Uis

A specific bequest identifies particular assets, while a general bequest provides a certain amount. A percentage bequest expresses the gift as a percent of your total estate, regardless of size. Contact us for bequest language to the University of Illinois Foundation, Tax ID#: 37-6006007, to benefit UIS.

To learn more about creating your legacy and to ensure your specific language can be honored as you intend, visit uis.giftplans.org.

IMPORTANT: DO NOT ENLARGE, REDUCE OR MOVE the FIM and POSTNET barcodes. The Special care must be taken to ensure FIM and POSTNET barcode are actual size AND placed to meet both USPS regulations and automation compatibility standards.

HARKER HALL MC-386

UNIVERSITY OF ILLINOIS FOUNDATION GIFT PLANNING AND TRUST SERVICES

UNIVERSITY OF ILLINOIS FOUNDATION

HARKER HALL MC-386

1305 W GREEN ST URBANA IL 61801-9934

1305 W GREEN ST URBANA IL 61801-9934

Student Spotlight

April 29, 2011

Recipient of the Donald F. Stanhope Scholarship