With only your signature, you can create your legacy of learning with U of I. It costs you nothing now to do this, yet your impact lasts for generations to come.
Once your family and loved ones are provided for, we hope you’ll consider a gift in your will or trust or by beneficiary designation to U of I. These gifts cost you nothing now and you can change your gift at any time.
Please let us know if you’ve included a gift for U of I in your will or trust or by beneficiary designation. Providing us with documentation is the best way to ensure that your wishes are honored.
Gifts in a Will
Leaving a gift in your will or living trust is an easy way to create your legacy with U of I and ensure that our students succeed and learn to lead for years to come.
Here are some popular ways to leave a gift for U of I:
- A general gift leaves a gift to U of I of a stated sum of money in your will or living trust, typically in the form of personal property or assets.
- A residual gift in your will or living trust leaves U of I the remainder of your estate after other gifts, debts and taxes have been paid.
- A specific gift in your will or living trust leaves U of I a specific dollar amount or stated fraction of your estate or specified items (collections, art, books, jewelry and so on).
- A contingent gift in your will or living trust leaves U of I a stated share of your estate only if a spouse, family member or other beneficiary does not survive you.
Gifts by Beneficiary Designation
You can further our land-grant mission for years to come when you name U of I as a beneficiary of your retirement account, life insurance plan, bank account or other assets. This is one of the easiest gifts to give. It costs you nothing now, doesn’t require an estate plan or a lawyer and you can change your beneficiaries at any time.
Reasons to Update Your Beneficiary Designations:
- You have been remarried, widowed or divorced
- Your primary beneficiary has passed away
- Your financial institution changed ownership
- You had a grandchild or great-grandchild
- You want to leave a legacy gift for the University of Idaho
What Kinds of Gifts Can You Give?
Here are some of the assets that transfer by beneficiary designation. Any of them will sustain U of I’s mission and advance the transformative education that our students receive.
- IRAs, 401ks and other qualified plans
- Life insurance policies
- Certificates of deposit
- Bank accounts
- Donor advised fund residuals
- Savings bonds
- Personal residence (in some states)
If you have any questions or want more information about different legacy gift options, please contact Sharon L. Morgan, JD, AEP ®, senior director of Estate, Trust and Gift Planning, at 866-671-7041 or firstname.lastname@example.org.
As with all gift planning, you should consult with your tax advisor and lawyer to determine what planned gift strategy is best for your current tax situation and income requirements. Consulting estate-planning professionals will help ensure that your wishes to make a lasting impact will be fulfilled.