Creating a giving legacy is most likely much easier than you think. With some forethought, you can include a gift to SVSU in your estate or financial plans, advancing the University’s mission while providing tax benefits to you. Planned giving offers many options to help donors meet their philanthropic goals. Following are three of the most common planned gifts:
Simple Bequest. Naming the Saginaw Valley State University Foundation in your will and pledging a specific dollar amount or a percentage of your estate is the most common planned gift. Pledging a percentage of your estate has become more popular in recent years due to the uncertainties surrounding life expectancy and the cost of living.
Life Insurance. Make a gift of a fully paid life insurance policy or purchase a new policy and gift it to the Foundation. An annual gift equal to the insurance premium of the new policy will keep it in place and provide significant support in the future.
Charitable Gift Annuity. This is a unique giving option that allows donors to receive income for life. Gift annuities offer significant tax advantages, a lifetime income stream and most importantly, an opportunity for donors to have a long-term impact on the University. The residual value of the annuity funds the scholarship or program designated by the donor.
Regardless of the planned giving tool you choose, your gift will support the future of SVSU, our students and this region.
For more information on planned giving, please call the Foundation at (989) 964-4052. Your tax advisor or attorney can help you maximize the benefits of your gift.
Wickes Hall 398