Ways to Give
Give in Many Ways Throughout Your Lifetime
Annual gifts are the most popular way of supporting our school and the specific priorities important to you. For those donors who wish to make a more significant impact, endowing a scholarship, fellowship, or professorship can be accomplished through connecting directly with the iSchool Development Team.
Plan a Gift for the Future
With a strong affiliation for library and information science, information management, or other iSchool programs, specializations and areas of research, alumni and friends have chosen to support the College in their estate plans. This approach provides the School a long-term funding capacity, and at the same time potentially generates income for you or your loved ones. If you are interested in creating an endowment or supporting an existing fund, a planned gift through your estate can provide a significant impact that establishes a lasting change.
A few examples include:
Estate or Planned Gifts
These gifts are planned now but completed later—usually after the donor’s life—and are revocable by the donor in the meantime. Examples include:
- Provisions in a will or living trust giving the university a specific amount, a percentage of the estate, or a specific asset
- Beneficiary designations of retirement funds, like IRAs and 401(k)s and life insurance
- Bequests to:
- Fund an endowment or make a larger gift than is possible during life
- Plan a gift that will only happen after and if other estate goals are met
- Make a gift but keep it revocable Long-term relationship with the university
- Create a lasting legacy.
Pooled Income Funds
- In a pooled income fund, your contribution is invested along with other contributions, similar to a mutual fund. These funds pay quarterly income to you or a beneficiary of your choice, based on the fund’s earnings, either for life or for a period of time, which you may determine.
- Please contact your financial or tax professional to discuss which option best suits your needs.
- By including the iSchool in your estate plans, you will join a special group of donors who are leaving their legacies, with perpetual giving through a planned gift. Equally important to note, you should choose now how you want your estate to be distributed rather than another party when you are unable to make these decisions.
Life Income Gifts
You can also irrevocably donate an asset but keep a benefit for yourself or your family. Donors can give assets while retaining:
- Income from the asset either in fixed or variable payments. This is done through a Charitable Gift Annuities or Charitable Remainder Trust.
- The asset itself. This is made possible by donating the income from that asset to the university for a set period of time, with the asset returning to the donor or family at the end of the term through a Charitable Lead Trust. Charitable Lead Trusts deliver immediate, usable cash to the university.
- The use of the asset, if it is a personal residence—including vacation properties and second homes—or farm. The donor can transfer ownership but live in and use the property for life via a Retained Life Estate gift.
If you are carrying more insurance coverage than your family obligations now require, you may find a hidden gift asset in a surplus, paid-up policy.