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Outright Gifts
Outright gifts are contributions transferred immediately from the donor to Gatton College . Such gifts include cash, securities, tangible personal property, and real estate.
Cash
Gifts of cash may be designated for a specific purpose or may be unrestricted for the University to use wherever the need is greatest.
Securities
Stocks or bonds offer an attractive way to support the work of the College. Income tax deductions are available for the fair market value of appreciated securities. Donors should sell depreciated securities to claim a deduction for the loss, then donate the cash to receive a second deduction for the gift.
Residences and Real Estate
Almost any type of real property may be donated: a personal residence, farm, vacation home, commercial building, or parcel of land. A personal residence or farm may be given to the Gatton College even though the owner and other specified persons may continue to live there for the remainder of their lives or for a designated time.
Deferred Gifts
Deferred gifts are received at a time designated by the donor, usually after the donor's death.
Wills, Bequests, Codicils
One of the easiest and most common ways to make a deferred gift is through a bequest in a will. A bequest can be a specific sum, item or a percentage of an estate. A bequest can also name the Gatton College to receive the remainder of an estate after other specified bequests have been fulfilled.
Life Income Plans
A life income plan is a legal arrangement that enables a donor to receive income from assets transferred to the Gatton College . The arrangement ensures the donor's financial security and also provides a gift to the college. Gatton College offers three types of life income plans: charitable gift annuities, charitable remainder unitrusts, and charitable remainder annuity trusts. Under each plan, a donor transfers assets to the College and in exchange receives a lifetime income that may also continue for another beneficiary.
Charitable Gift Annuity
A charitable gift annuity provides a secure future for the donor and a charitable gift at the same time. It is a fixed income plan that pays the donor, another person, or both, a guaranteed income for life.
Charitable Remainder Trusts
Charitable remainder unitrusts and charitable remainder annuity trusts allow a donor to give to the Gatton College during his or her lifetime, retain income from the gift, and benefit from both income and capital gains tax savings.
Charitable Lead Trust
A charitable lead trust enables a donor to transfer assets to the trust, which pays income to the College rather than to a beneficiary. At the end of the trust period, the property or principal returns to the donor or is paid to a non-charitable beneficiary. Such a trust may be established by a donor or created through a will. Gift and estate taxes may be reduced or eliminated when passing property to heirs through a charitable lead trust.
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