Research funds provide for important advances in health care, the sciences, and the arts and humanities. Capital needs and other special projects ensure that UI students and faculty have the facilities and resources needed for scholarly growth. This table lists the nine goals common to most contributors. Each section then lists the choices of financial instruments that are appropriate to each goal and how these choices can benefit your financial planning. TO Make outright gift Gift of appreciated property creates charitable deduction for full market value and bypasses capital gains tax.
Cash remains the simplest form of outright gift.
Maintain flexibility and control Charitable bequest of property or portion of your estate through a will or revocable trust reduces potential estate tax. There may be significant tax advantages in a charitable bequest or beneficiary designation of retirement plan assets. A revocable trust allows you to maintain control of assets during your lifetime and may reduce estate tax. Charitable bequests Retirement plan assets Convert property to fixed income Gift to an annuity trust or gift annuity made with cash can provide you or others with fixed income payments while reducing income and estate tax. Annuity trust or gift annuity created with appreciated property can also bypass capital gains tax.