Planned gifts are made today, but generally are not available for use by college until some future date, generally after the death of the donor. Future gifts may take the form of a simple bequest from a will or living trust, the designation of retirement plan assets or life insurance or a gift that can provide income payments to you or your loved ones for life.
The University of Minnesota Foundation has detailed information on planned gifts, such as:
- Wills and Living Trusts
- Beneficiary Designations
- Charitable Gift Annuities
- Charitable Remainder Trusts
The University’s planned giving staff also can assist with outright gifts of real estate, tangible personal property and appreciated securities, as well as the creation of charitable lead trusts that provide an income stream to the college now, with gift and estate tax benefits for you and your family later.
When you make a planned gift to the college, you will be recognized with membership in the Heritage Society, part of the University of Minnesota Presidents Club. Membership in the Heritage Society includes invitations to special events, publications highlighting the impact of private support on student success and other benefits.