Planned Giving
  
       
  Charitable giving to higher education has its roots in the heartfelt commitment to the ideals and values of learning. Contributors to the SU Foundation are expressing their support for the mission of Shippensburg University, their desire "to give something back" to the University that enriched their lives, and their wish to ensure the same enriching experience for future generations of students.  
   
   
  Through thoughtful estate planning there are many ways to make a charitable gift to the Shippensburg University Foundation. Each of the various options may result in significant tax benefits for the individual donor, while enabling the donor to make a significant gift to the Foundation in support of the University.  
   
   
  The information below outlines several approaches to planned giving. For more information on planned giving, call the Shippensburg University Foundation at 717-477-1377. A member of our professional staff will be happy to provide details about the many forms that a planned gift may take, and the tax advantages associated with each option. There is, of course, no obligation.  
   
   
  These descriptions are intended to draw attention to different options. They are not intended to provide specific financial or tax guidance, which individuals must seek fro their personal financial advisors.  
   
         
  Method of Giving: Bequest in Will  
    What is it? A gift you make by naming a charity in your will.  
    Tax benefits: Estate tax deduction for the value of your bequest to charity.  
    Other benefits: Gives you flexibility in providing for family needs first.  
         
  Method of Giving: Life Insurance Gift  
    What is it? A gift of an old or new policy with a charity named as beneficiary and owner.  
       
    Tax benefits: Immediate income tax deduction for gift's value, plus possible estate tax savings.  
       
    Other benefits: Provides a way to make a significant gift with little expenditure.  
         
  Method of Giving: Real Estate Gift  
    What is it? A donation of real property, either in full or with a retained life estate.  
       
    Tax benefits: Immediate income tax deduction for the charitable value of the gift, plus no capital gains tax due.  
       
    Other benefits: Can allow you to live in your home and still receive charitable deduction  
       
         
  Method of Giving: Charitable Remainder Annuity Trust  
    What is it? A trust that pays a set income to you or those you name before a charity receives remainder.  
       
    Tax benefits: A trust that pays a set income to you or those you name before a charity receives remainder.  
       
    Tax benefits: Income tax savings from deduction, no capital gains tax liability, possible estate tax savings.  
       
    Other benefits: Provides guaranteed annual income for donor or other beneficiary  
       
         
  Method of Giving: Charitable Remainder Unitrust  
    What is it? A trust that pays variable income to you or those you name before a charity receives remainder.  
       
    Tax benefits: Income tax savings from deduction, no capital gains tax liability, possible estate tax savings.  
       
    Other benefits: Provides annual income that could increase if trust value increases.  
       
         
  Method of Giving: Charitable Gift Annuity  
    What is it? A contract in which a charity agrees to pay you back a percentage of your gift annually for your lifetime.  
       
    Tax benefits: Immediate income tax deduction for part of gift's value, capital gains spread out over life expectancy.  
       
    Other benefits: Gives you and/or another beneficiary a set income for life  
         
  Method of Giving: Charitable Lead Trust  
    What is it? A trust that pays a charity an income for a period of years before you or heirs receive the trust remainder.  
       
    Tax benefits: Gift or estate tax savings for value of payments made to a charity.  
    Other benefits: Allows you to pass assets to heirs intact at a reduced cost.  
         
   
   
         
  Related Links    
    Ways of Giving  
    Named Gifts  
    Scholarships  
    Sample Bequest Wording