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How You Can Support the College of Letters & Science
Supporting Letters & Science Giving to the College of Letters and Science provides financial assistance for student, faculty, staff and building needs. Assistance can be made in many ways:
Scholarships or Research and Conferences
L & S Enhancement Programs is a way for research and conferences to be funded. Stock gifts or general donations can be given to the college to use where the need is the greatest. The college uses funding to allow students and faculty to participate in research, or attend and/or present information at a conference. These opportunities for global education provide unique experiences to broaden horizons and share knowledge with others. See Faculty Resources.
Scholarships are a way of leaving a legacy through UWSP, an ideal way to memorialize a family member, friend, or UWSP staff or faculty member. You may also contribute to an established scholarship endowment, increasing the award given to an outstanding student. See Available Scholarships.
Gifts of stock
This option involves gifting shares of stock the donor already owns. In most cases the donor may bypass capital gains taxes and can obtain a tax deduction for the stock gift. *Note - Your employer may have a matching gifts program which multiplies your contribution. See your Human Resource director for information.
How to Give
You can choose the way you give to the College of Letters & Science:
Check
Make check payable to UWSP Foundation and write "College of Letters & Science" -or- a specific fund name on memo line of your check or in a cover letter
Mail To: UWSP Foundation
2100 Main St., Suite 212
Stevens Point, WI 54481-3897
Credit or Debit Card
We accept MasterCard, VISA, American Express or Discover using our Online Credit Card Donation secure website.
Planned Giving
Leaving a legacy through a planned gift can result in significant tax savings. A planned gift is simply a donation that requires some form of planning. Weather a donor seeks to avoid capital gains taxes on appreciated stocks or is looking to transfer assets into a life-long income stream there are countless planning giving vehicles.
A few of the most common options are listed here:
Gifts of Stocks and Securities -- This giving option involves gifting a number of shares of stock that a donor already owns. In most cases, this option allows the donor to bypass capital gains taxes and can even be tax deductible. The procedure simply entails a broker transferring stocks to an account owned by the UWSP Foundation. The donor can typically deduct the entire value of the stocks donated.
Gifts of Life Income -- A gift of life income is one way for a donor to make a substantial gift to the College of Letters and Science while realizing an immediate tax deduction and a generous life-long revenue stream. Under this option, a donor makes a contribution to the UWSP Foundation, which is invested. The annual earnings on this investment are then paid to the donor or beneficiary through their lifetime.
Gifts of Real Estate – The income tax benefits of gifts of real estate are similar to gifts of appreciated securities. A donor can avoid paying capital gains taxes on the appreciated value and receives a deduction for the full market value of the property. Gifts of property such as land, farms, or personal residences can be transferred by deed to the UWSP Foundation with no liability for income, estate or gift taxes on the appreciated amount.
Gifts of Life Insurance – Gifts of life insurance often allow the donor to give much more than they otherwise could through a cash gift. To establish a gift of insurance a donor can simply name the College of Letters and Science as the primary or secondary (contingent) beneficiary of a life insurance policy. While this offers no immediate income tax deduction under current tax law, the death benefit passes on to the College of Letters and Science free of any estate tax liability for the donor’s heir. A donor can also name the College of Letters and Science as the owner of a life insurance policy; either a policy owned now or a new policy purchased specifically for this purpose.
Gifts of Bequest – The most common form of a planned gift, a bequest, gives donors the opportunity to provide for others beyond their lifetimes. For many naming the College of Letters and Science as the beneficiary on a will or trust document means making a much larger gift than otherwise possible while still drawing an income from their investments. Such bequests are exempt from federal and state estate taxes, and when properly planned can even increase the amount of an estate passed onto a donor’s heirs. Many donors make specific bequests of property, or allocate a percent or dollar amount from their estate in their wills. Another method is to allocate "the residue" of an estate, or what is remaining after all other bequests or terms of a will have been met.
For more information on supporting the College of Letters & Science, please email Mark Williams, Director of Development, at Mark.Williams@uwsp.edu or give him a call at (715) 346-4211.
• College of Letters & Science . 130 Collins Classroom Center . Stevens
Point, WI 54481 . 715.346.4224 . fax 715.346.4213 •
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