The income is paid to the donor or other beneficiary and the assets pass to the school upon the death of the beneficiaries. A charitable lead trust provides a percentage of the assets for the school immediately and at the end of the trust, assets are passed back to the donor or donor's family. A contribution of a life insurance policy can provide a significant gift in a manner that is attractive to younger donors. By designating University Prep as both owner and beneficiary of a life insurance policy, the premiums are tax deductible to you. A bequest is a gift of property made through your will and is the simplest and most common form of a planned gift.
Distributions can be either a specific amount or a percentage of the estate.
With this type of contribution, gift and estate taxes can be avoided. You can permanently associate your name with University Prep or dedicate your gift to a loved one. In the past, some University Prep donors have chosen this way to honor a teacher or other special person connected the school. All major gift levels will receive named recognition. All Rights Reserved.