Membership in the Society provides recognition in the annual donor listing and other University Advancement publications. Frequently, people who would like to help support Friends University need to preserve their financial resources for the immediate future, for their lifetimes, or even for a child's future. In such cases donors can make a planned gift, which can provide valuable tax benefits for a donor in the present and valuable resources for Friends in the future. The easiest and most popular deferred gift method is a will or living trust. A charitable bequest enables you to retain your assets during your lifetime, while helping Friends in years to come.
Charitable bequests can often be an integral part of a comprehensive, tax-wise plan.
A charitable remainder trust affords you the flexibility to designate a gift for Friends today, retain an income during your lifetime or the lifetime of another, and secure a current income-tax deduction for the gift. Under these trusts, your gift assets are transferred to a trustee who then pays a specified income to you or your loved ones during your lives before distributing the trust assets to benefit the University. The planned giving office can often serve as trustee, providing responsible management services without a fee. Charitable Lead Trusts Charitable lead trusts can effectively produce dramatic gifts and estate tax savings for you and your family or other heirs, while also preserving important family assets. Under these trusts, cash or securities are usual types of assets transferred to a trustee who pays income from the fund to Friends University for a fixed period of years.