Planned giving
Named programs may be funded through several kinds of gifts, and giving opportunities can be tailored to meet the needs of the donor. Gift options include ways of increasing income, reducing or eliminating capital gains tax, reducing estate or gift taxes and allowing for charitable income tax deductions. In some cases, all these advantages can be provided simultaneously.
Bequests
A donor with an existing will can work with their attorney to simply update or amend the document. Simple language (sample bequest language) can be inserted describing a fixed dollar amount or an estate percentage to be
transferred to Marian University. Of course, if you do not have a written will, it is import that you have one drafted. Working with your legal advisor, you may then designate estate assets as you wish. We will want to work with you on documenting
your bequest with us. Marking charitable gifts via bequest provide numerous benefits to the donor. The donor will retain assets during life and the assets will only transfer to Marian University at the time of death.
Sample Bequest Language
I give, devise, and bequeath the (sum of/ percentage of/ residue of my estate) to Marian University, a not-for-profit corporation with principal offices located in Indianapolis, IN, to be utilized for the benefit of Marian University. [as
specified in an agreement on file at said University.]
Life insurance
A donor with an existing life insurance policy can simply and easily designate Marian University as the primary beneficiary of the entire value of the policy, or a percentage. We can assist you working with your agent and steps to take to update your beneficiary designation.
IRA
If a donor is 70 years and six months of age or older and has an Individual Retirement Account (IRA) then the donor can make a direct contribution of their Required Minimum Distribution (RMD) to the university. This kind of direct contribution is an easy way to show your love and support of Marian University.
To learn more about this opportunity of planned giving please contact the Office of Institutional Advancement at (317) 955-6137 or advancement@marian.edu.
Charitable gift annuity (CGA)
A donor will receive two significant benefits when funding a CGA with cash, stock or other highly appreciated assets. In exchange for the gifted asset the donor will receive a sizable income tax deduction and structured lifetime income for one or two lives. CGA rates are based on age and rates are competitive for those at or near retirement age. A stream of income will continue until the death of the single life annuitant or at the death of the second annuitant. Remaining assets will then transfer to Marian University at the time of death.
