Living Legacy Giving
One of the most enjoyable parts of charitable gift planning is choosing where your donation will make an impact.
The possibilities are virtually endless when designating your Planned gift. Many donors choose to leave a Bequest, Insurance Policy, Charitable Lead Trust, Charitable Remainder Trust, and or Leave a legacy through the Rose Legacy Society.
Another option is creating an original fund or endowment in your name or in the honor/memory of another. The COEHS welcomes your ideas for designating your gift.
Determining what type of gift is right for you is as important as making the gift itself. Donations to the COEHS don’t have to be immediate, since there are many opportunities for planned giving. Planned giving options range from a simple bequest to a more complex trust arrangement.
All planned gifts can be directed to benefit specific COEHS projects or initiatives. For more information about planned giving, contact Janice Stark at (920) 424-3380 or via e-mail at firstname.lastname@example.org.
One of the most rewarding types of planned gifts is that of a bequest - a gift made in a will. A bequest allows you to retain full ownership and use of your assets during your lifetime, but ensures that your designated assets will be distributed to the COEHS in accordance with your wishes.
A bequest generally takes one of three forms:
Specific percentage of an estate;
Specific dollar amount; or
Specific item (i.e. a work of art or a book collection)
All forms of bequests can be either restricted or unrestricted. Restricted bequests are designated for a specific purpose or initiative, while unrestricted bequests provide the COEHS with the greatest flexibility to use the funds where most needed. Bequests also are deductible against federal estate taxes and state inheritance taxes in most cases. For sample of Bequest Language click here
Sample Bequest Language
COEHS staff would be happy to assist you and your attorney in developing a bequest that best suits your needs and interests. We offer the following sample language as a starting point:
Bequest of a specific percentage: I give and devise ___ percent (___%) of my residuary estate to the University of Wisconsin Oshkosh Foundation, Inc., in Oshkosh, Wisconsin, to be used …
Bequest of a specific dollar amount: I give the sum of ___ dollars ($___) to the University of Wisconsin Oshkosh Foundation, Inc., in Oshkosh, Wisconsin, to be used…
Bequest of a specific item: I give my ________, if I should own it/them at the time of my death, to the University of Wisconsin Oshkosh Foundation, Inc., in Oshkosh, Wisconsin, to be used…
Unrestricted bequest: … for its general charitable and educational purposes.
Restricted bequest: … to establish, or if already established, to be added to, the ________ Fund for the support of [specify].
(or) … for the support of [specify].
A life insurance gift can produce substantial benefits for a relatively small investment. There are many ways that you can give through life insurance:
- Give a policy that you already own
- Assign the dividends as a gift
- Name the COEHS as a beneficiary
In addition to estate tax benefits associated with life insurance contributions, you also may gain an income tax deduction through donation.
Charitable Lead Trust
Through a charitable lead trust contribution, you can provide an income amount to the COEHS for a period of years, at the end of which the principal reverts to you or passes to other members of your family. There are often significant estate tax benefits that you may reap as well.
Charitable Remainder Trust
A charitable remainder trust allows you to make an irrevocable transfer of assets to the COEHS and, in return, receive a lifetime income interest for specified beneficiaries. Thereafter, the COEHS receives the assets representing the gift.
Making a donation through an investment allows you to enjoy the income from your asset during your lifetime and take a charitable tax deduction at the time you make the gift.
Rose Legacy Society
The Rose Legacy Society is named after Rose C. Swart, a true leader in education who served on the Oshkosh Normal School faculty for 51 years.
Those who establish a planned gift to UW Oshkosh are recognized by the Rose Legacy Society. When you leave COEHS in your will you are entitled to receive a Rose Legacy Paperweight. Complete the Rose Legacy form today and mail to COEHS.
If you have named the COEHS as the beneficiary of a bequest, insurance policy, charitable lead or remainder trust, the COEHS would be happy to welcome you as a member.
Please call Janice Stark at (920) 424-3380 for more information.