Gift Vechicles
Gifts Through Your Estate
For many donors, making a gift through their estate is the most realistic way to provide a substantial contribution to Millersville University. A gift through your estate may reduce or eliminate estate taxes. Bequests may indicate a specific dollar amount, a specific piece of property, a stated percentage of the estate or the remainder after other bequests have been satisfied. The use of the funds can be directed by the donor or left unrestricted.
Charitable Remainder Trust
A charitable remainder trust provides a lifetime income and a charitable income tax deduction while providing the University with a significant gift in the future. The donor selects that payout rate , usually between five percent and seven percent. The higher the payout rate, the lower the charitable income tax deduction. For a charitable remainder unitrust, the donor’s annual payments are a fixed percentage of the assets held by the trust and valued annually. A charitable remainder annuity trust pays a fixed guaranteed dollar amount regardless of the trust’s investment performance. Both types of trusts can help reduce capital gains taxes and estate taxes while making a philanthropic gift. This gives the donors an income for life or a set period. The University can serve as trustee or you can select a trustee of your choice.
Naming Opportunities
Facilities, endowment funds and current use awards provide opportunities to recognize those who support the students and programs a Millersville University. The Millersville University Council of Trustees approves the naming of classrooms, lab, buildings, endowments or scholarships to honor the life or memory of a loved one or of a significant leadership gift.
New or significantly renovated facilities offer naming opportunities for leadership gifts. Sites within new construction or renovated buildings such a s classroom, labs, and wings can also be named. Named scholarships that are not endowed must be funded annually to continue to serve the financial needs of students based on specific criteria.
For additional information, contact Jan Edwards (717) 872-3820 or 1 (877) 872-3820
Gifts of Real Estate
You can make a gift of commercial or residential real estate to Millersville University and receive substantial financial benefits. If you wish to give the property outright, you qualify for a charitable income tax deduction based on the appraised value of the property. If you are contemplating leaving your home to Millersville University through your will, you man want to consider giving it now but retaining the right to live in it for your lifetime. You will continue to pay taxes, insurance, and maintenance costs. However, by making the gift now, you receive a charitable income tax deduction in the year the gift is made.
Charitable Gift Annuities
A donor can make a gift to Millersville University and receive life income benefits. The benefits include an income for life for the donor and/or a second person (both at least 55 years of age) and a charitable income tax deduction. A gift annuity is a contract between the donor and Millersville University that provides advantages to both. The donor makes a gift (minimum of $10,000) and receives a guaranteed payment for life and a charitable income tax deduction. The payout rate on a gift annuity is based on the age of the donor(s) at the time the gift is made. Charitable gift annuities may be funded with cash or marketable securities. A deferred gift annuity is similar to a charitable gift annuity, except that the payments are differed to a future date. In addition, the donor obtains a substantial charitable income tax deduction the year the gift is made. A deferred gift annuity is an excellent way for younger donors to make a gift and receive a charitable income tax deduction while providing income for the future.
Life Insurance
A gift of whole life insurance can be made to the Millersville University Foundation by naming the Millersville University Foundation as owner and beneficiary of a policy. If the policy is not paid in full, the donor makes periodic gifts to the MU Foundation to cover all premiums. The donor is entitled to an income tax deduction for the cash value of the policy and the premiums as they are paid.
Gifts-in-Kind
Gifts-in-kind are non-cash donations of material or long lived assets. Gifts that help support Millersville University’s mission are welcome. Some items received this manner include equipment, software, printing services, software licenses and publications. The donor provides the valuation information. You and your financial advisor will determine the tax deducibility for such a gift.
Donate Online
Visit www.millersville.edu and click on "Giving" to support the students and programs of Millersville University. You can make a secure gift or a pledge and arrange monthly, quarterly or one-time billing
