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Planned Giving

 
You have the ability to leave a long lasting legacy at UWSP. Planned giving is a way to show your support for years to come.
 
How do I start?
 
  • 1. Select a professional advisor to work with you to maximize your benefits from your planned gift
  • 2. Questions to ask your professional advisor:
    • a. How can I make the most of my charitable giving plans?
    • b. What assets can I use to set up a fund or trust?
    • c. When are the right circumstances and times to start structuring my donations and contributions?
    • d. How can I be sure that my gift will be used per my specifications?
    • e. What are the tax benefits of making a donation to UWSP?

Bequests

Bequests, or naming UWSP as a beneficiary in your will or trust document is the most common form of planned giving.
 
For many a bequest is a means of making a much larger gift than possible while you may be drawing an income from your investments. Such bequests are exempt from federal or state estate taxes. A properly planned bequest can even result in a larger estate passing on to your heirs.
 
 

Language for bequests

You can make a bequest to UWSP by inserting certain language in your will or trust document. State laws pertaining to wills and bequests vary widely, so please consult your attorney when including a bequest in your will.
 
 

SAMPLE BEQUEST LANGUAGE*

For an outright bequest in will

Specific dollar amount: "I bequeath the sum of $_______ to the University of Wisconsin - Stevens Point Foundation, Inc., of Stevens Point, Wisconsin, to be used or disposed of as its Board of Directors in its sole discretion deems appropriate."
 
Specific property (personal property): "I bequeath (DESCRIPTION OF PROPERTY) to the University of Wisconsin - Stevens Point Foundation, Inc., of Stevens Point, Wisconsin, to be used or disposed of as its Board of Directors in its sole discretion deems appropriate."
 
Specific property (real estate): "I devise all of my right, title and interest in and to the real estate located at (DESCRIPTION OF PROPERTY) to the University of Wisconsin - Stevens Point Foundation, Inc., of Stevens Point, Wisconsin, to be used or disposed of as its Board of Directors in its sole discretion deems appropriate."
 
Share of, or entire residue of estate
 
"I give and bequeath (all/or _____%) of the remainder of my property to the University of Wisconsin - Stevens Point Foundation, Inc., of Stevens Point, Wisconsin, to be used or disposed of as its Board of Directors in its sole discretion deems appropriate."
 
Conditional bequest in will: "If my husband/wife does not survive me, I bequeath the sum of $_______ to the University of Wisconsin - Stevens Point Foundation, Inc., of Stevens Point, Wisconsin, to be used or disposed of as its Board of Directors in its sole discretion deems appropriate."
 
If the gift to the University of Wisconsin - Stevens Point Foundation, Inc., is for a purpose other than the Foundation's general campus-wide use, insert the restriction in place of the words "to be used or disposed of as its Board of Directors in its sole discretion deems appropriate." For example:
 
"I bequeath the sum of $_______to the University of Wisconsin - Stevens Point Foundation, Inc., of Stevens Point, Wisconsin, for the following use and purpose: (DESCRIPTION OF PURPOSE)."
 
In the event of a gift that is subject to a restriction, you may wish to add one of the following provisions:
 
"However, I impose no legal or equitable obligation in this regard."
or
"If in the judgment of the Board of Directors of the University of Wisconsin - Stevens Point Foundation, Inc., of Stevens Point, Wisconsin, it becomes impossible to accomplish the purposes of this gift, the income or principal may be used for such related purposes and in such manner as determined by its Board of Directors."
 
* Recommended by Foundation Corporate Counsel Bequest Language 6.01
 
 

Life Income Gifts

You can support UWSP without worrying about having enough income for yourself or your loved ones.
 
Your life income gifts (such as gift annuities and charitable remainder trusts) can provide you with an income stream, significant tax savings, and the satisfaction of providing the UWSP with crucial, long-term resources.
 
Remember! When you make a life income gift, it benefits both you AND this university!
 
 

Charitable Gift Annuities

A charitable gift annuity pays you an annual income and leaves a gift for charity upon your death.
 
 
  • Immediate-payment gift annuities
    Immediate payment gift annuities allow you to make a substantial gift while retaining an income stream. This type of gift is particularly desirable if you are age 70 or above. Benefits to the immediate payment charitable gift annuity are as follows:
    • Guaranteed payments for life that are advantageously taxed
    • Federal income tax deduction for a portion of your gift
    • You help support UWSP
  • Deferred-payment gift annuity
    As a younger donor, you can assist UWSP by making a deferred gift annuity. Your benefits will be as follows:
    • Provision for a fixed income when you reach 65
    • Part of the gift qualifies for an immediate income tax deduction
    • The younger you are, the larger the tax deductible portion will be
    • Part of the annuity payment may be received as tax-free income
 
 

Charitable Trusts

Charitable remainder trusts enable you to receive a distribution (such as annually for life or for a designated number of years), with the remainder interest forwarding to UWSP.
 
  • Charitable Remainder Unitrust
    A Charitable Remainder Unitrust offers you a distribution of a given sum (ordinarily 5 to 6 percent), fluctuating annually based on yearly establishment of the fair market value of the trust assets.
  • Charitable Remainder Annuity Trust
    A Charitable Remainder Annuity Trust entitles you to a specified distribution from the trust of at least 5 percent of the initial fair market value of the assets in the trust.