Other Ways to Give


Other Ways to Give

 

 

Endowed Gifts

When you make a gift to an endowment, you provide both immediate and long-term advantages to the future of UI. Your gift is invested and a portion of the annual income from the investment is used to support your favorite priority at the University of Idaho. The remaining funds are reinvested to ensure continued support for years to come. Fees apply.

You can fund an endowed gift with cash, appreciated securities, real estate, or tangible personal property.

If you have any questions or want more information about different legacy gift options, please contact Sharon L. Morgan, Senior Director of Estate, Trust and Gift Planning, at 866-671-7041 or giftplanning@uidaho.edu.

Memorial and Tribute Gifts

You can honor a grandparent, a parent, a spouse, a loved one, a faculty member or someone else close to you by establishing a memorial or tribute gift. This gift connects you and someone special in your life with the University of Idaho’s mission, celebrating innovative thinking, community engagement and transformative education for generations to come.

You can fund a memorial or tribute gift with cash, appreciated securities, real estate, or tangible personal property.

If you have any questions or want more information about different legacy gift options, please contact Sharon L. Morgan, Senior Director of Estate, Trust and Gift Planning, at 866-671-7041 or giftplanning@uidaho.edu.

Charitable IRA Rollover

When you create your legacy gift for UI through a charitable IRA rollover, you receive tax advantages.

Benefits include:

  • Avoid paying tax on your required minimum distribution this year. The distribution will not count as taxable income for this year, helping keep you in a lower tax bracket.
  • The transfer is not subject to limitations on itemized deductions.
  • Enjoy a quick and easy estate tax reduction.

To qualify:

  • You must be 70 ½ years old or older by year-end
  • The distribution must be directly to UI from your plan trustee
  • The maximum contribution amount each year is $100,000 ($200,000 per couple)
  • Your transfer must be received by the last day of the calendar year

If you’re interested in this popular way to support UI, download sample letters for your IRA administrator and the University of Idaho here.

If you have any questions or want more information about different legacy gift options, please contact Sharon L. Morgan, Senior Director of Estate, Trust and Gift Planning, at 866-671-7041 or giftplanning@uidaho.edu.

Real Estate

This gift supports quality education for UI students and it benefits you. When you give a gift of property, you enjoy tax benefits, like avoiding capital gains tax.

There are nine types of real estate gifts:

  • Outright gift. When you give real estate that you have owned longer than one year, you get a federal income tax charitable deduction equal to the property’s appraised value. This deduction reduces the cost of making the gift and frees up cash that would be used to pay taxes. You eliminate both recapture and capital gains taxes, as well as most other state taxes. The gift also reduces your future taxable estate.
  • Gift in your will or living trust. This gift of real estate gives you the flexibility to change your mind at any time and to give a larger gift than you may be able to during your lifetime.
  • Retained life estate. You can transfer your personal residence or farm to UI but retain the right to occupy or rent the home for the rest of your life. You receive an immediate federal income tax charitable deduction for a portion of your home’s value.
  • Deferred charitable gift annuity. With this gift, you receive income for life and you can receive a federal income tax charitable deduction in the year you set up your gift.
  • Bargain sale. To fund this gift, you sell your property to UI for less than market value and the difference between the actual value and the sale price is the gift for UI. This is the only gift that provides you with a lump sum of cash and a charitable deduction.
  • Charitable remainder unitrust. You can contribute any appreciated real estate you’ve owned for more than one year, provided it’s not mortgaged, and receive an income stream for life or a term of up to 20 years.
  • Charitable lead trust. With this gift, you can transfer to your family tax-free, real estate that has the potential to grow.
  • Memorial or endowed gift. This is a great way to honor a loved one who has been impacted by the University of Idaho. When you make an endowed gift of real estate, your contribution becomes part of our endowment.
  • Donor advised fund. When you transfer real estate to your donor advised fund, you avoid capital gains taxes and receive a federal income tax deduction based on the fair market value of the property.

If you have any questions or want more information about different real estate gift options, please contact Clark W. Hyvonen, Director of Estate, Trust and Gift Planning, at 208-885-9026 or clarkh@uidaho.edu.

Donor Advised Funds

Some of our donors have established a donor-advised charitable fund (Fidelity Charitable ®, Vanguard Charitable ®, Schwab Charitable ®, or other) and have a strong desire to support UI’s mission through an annual gift and/or a legacy gift.

You can indicate that your donor-advised charitable fund be distributed, in full, to UI after your lifetime. Or, you can name specific charities and choose a dollar or percentage amount to be distributed over a certain time or until the account balance becomes zero.

If you have any questions or want more information about different legacy gift options, please contact Sharon L. Morgan, Senior Director of Estate, Trust and Gift Planning, at 866-671-7041 or giftplanning@uidaho.edu.

Charitable Lead Trusts

With a charitable lead trust, you benefit from tax savings, yet you retain the assets making up your gift so you can leave them for your family.

There are two ways charitable lead trusts make payments:

  • A charitable lead annuity trust pays a fixed amount each year to the University of Idaho and is more attractive when interest rates are low.
  • A charitable lead unitrust pays a variable amount each year based on the value of the assets in the trust. With a unitrust, if the trust’s assets go up in value, for example, the payments to UI go up as well.

If you have any questions or want more information about different legacy gift options, please contact Sharon L. Morgan, Senior Director of Estate, Trust and Gift Planning, at 866-671-7041 or giftplanning@uidaho.edu.