Frequently, people who would like to support Central must preserve their financial resources for the immediate future, for their lifetimes, or even for a child's future. They are not intended as legal or tax advice. Examples of planned giving opportunities include . . . The easiest and most popular deferred gift is a bequest through a will or living trust. A charitable bequest to the Foundation enables the donor to retain assets during a lifetime, while helping Central in years to come.
Charitable bequests can often be an integral part of a comprehensive, tax-wise plan.
A gift by life insurance can be the least costly and most flexible deferred gift method available. By purchasing a life insurance policy naming the Central Missouri State University Foundation as owner and beneficiary, a donor can receive a charitable income tax deduction for each premium payment. The transfer of a paid-up life insurance policy allows an individual to receive a charitable income tax deduction approximately equal to the cash surrender value when the policy is donated. A gift of a residence, vacation property, or farm can be completed now without giving up the use and enjoyment of it during the donor's lifetime. This type of gift to the Foundation is easy to complete and generates a significant income tax deduction.