If your employer is a matching gift company, you may obtain a form from your company's personnel or community relations office. A life payment plan can allow a donor to make a substantial gift to CMU while still providing to a donor's personal financial needs. These plans are attractive to many donors because they offer substantial tax benefits. In addition, they may increase cash flow to the donor or other beneficiaries, depending on the asset contributed. Bequests Wills offer another gift alternative.
Bequests can take various forms.
A specific bequest directs that CMU is to receive a specific piece of property. A general bequest directs that CMU receive a specified dollar amount. A residual bequest designates all or a portion of whatever remains after all debts, taxes, expenses and all other bequests have been satisfied. A contingent bequest takes effect only if the primary intention cannot be met. This ensures that property will pass to CMU rather than unintended beneficiaries, including the government.