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Planned Giving

Looking for a way to lower your taxes, increase your financial security, and also help Transylvania? Sound too good to be true? With planned giving, you get it all.

Check out the following examples of Transylvania’s planned giving programs. With thoughtful planning, you can maximize the financial benefits of your gifts and make a larger contribution to Transylvania University than you thought possible.

For more details or confidential examples, contact Kirk Purdom, Vice-President of Advancement, at (859) 233-8551 or kpurdom@transy.edu.

Giving through your will is easy

Federal tax law provides a 100 percent charitable estate tax deduction for the amount of an individual’s assets left to charity through their will.

  • Unrestricted bequests provide a specific sum or a percentage of your estate to support Transylvania’s operation.
  • Bequests for a specific purpose let you direct your resources to provide a scholarship or annual support for a specific program.
  • Bequests of a residuary estate let you to name various recipients for specific amounts or specific items of personal property and then direct the remainder of the estate to Transylvania.

Get life income while supporting Transylvania

You can transfer ownership of assets to Transylvania and have the security of receiving income from the donation. Life income plans provide income for life and reduce your capital gains taxes.

  • Charitable gift annuities provide you with a secure future while also helping Transylvania. This life income plan pays you, another person, or both a fixed income guaranteed for life. You can also arrange a deferred charitable gift annuity as part of a retirement program.
  • Charitable remainder annuity trusts and charitable remainder unitrusts are similar to gift annuities, but assets are contributed to a trust rather than to the university. The trust may continue to appreciate while you receive income.
  • Retirement remainder trusts provide income tax deductions each year by contributing to a retirement trust that will provide you, another person, or both a fixed income after you retire.
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