It can give you peace of mind to know your final wishes will be honored, loved ones will be provided for and your commitment to the future of UWM is documented. A bequest is made by naming the UWM Foundation in your will. A charitable gift annuity allows you to claim an immediate charitable deduction on a portion of the value transferred, while reducing or deferring capital gains taxes on appreciated property. The remainder is then turned over to the UWM Foundation after the death of the last surviving income beneficiary. Tax savings include immediate income tax deduction for the gift and possible capital gains and estate and gift tax savings.
Donors can add to a unitrust at any time.
At the conclusion of the contract, the asset becomes the property of the UWM Foundation. Donors cannot add to an annuity trust. At the conclusion of the contract, the asset becomes the property of the UWM Foundation. Ownership of the asset is later returned to the donor or passed on to a named beneficiary. Gifts of life insurance offer a way to benefit the University at a relatively low cost for the donor.