There are other methods and planning strategies for gifts of real estate, and the Institutional Advancement office would be happy to discuss these options in greater detail. TOP OF PAGE Planned or Deferred Gift Opportunities Planned giving opportunities offer many advantages to donors, including both current and long-term tax benefits. A planned gift enables you to make a commitment to support the university in a manner and at a time that is best for you. A bequest through a will or trust is the most common form of a planned gift because it is a way to make a substantial contribution to support the university without diminishing the assets available to the donor during his or her lifetime. Because a bequest to CBU is deducted entirely, without limit, from the taxable estate for estate tax purposes, important estate tax savings can result from this type of gift.
Bequests often reduce or possibly eliminate one's federal estate tax burden.
Gifts of life insurance can offer an attractive way to benefit the University at a relatively low cost. Life insurance may be especially attractive for young alumni due to the relatively low premium expense. For older alumni and friends, the reason for having the policy in place may no longer apply. For example, the children may be grown, there may be no mortgage remaining on the family home, or a spouse may have other assets for his or her support. To receive income tax benefits, Christian Brothers University must be named the irrevocable owner and beneficiary of the policy.