Because of the complex nature of such transactions, consultation with the Foundation and the specific Health Center department to benefit from the gift is strongly recommended before such a gift is made. Deferred Gifts Deferred gifts offer donors an opportunity to affect the future Health Center. All donors who notify the Foundation of their deferred gift plans are afforded membership in the Charles Lewis Beach Society. Life Insurance A donor can designate The University of Connecticut Foundation, Inc. as the beneficiary of a life insurance policy to benefit the Health Center. A bequest may offer the opportunity to make a more substantial gift than would be possible during the donor's lifetime.
Many donors view bequests as the means to cap a lifetime of giving with a lasting legacy.
A bequest may provide an estate tax charitable deduction while reducing the size of the taxable estate. In exchange for a donor's gift of cash, stocks or bonds, the Foundation will pay the donor a fixed sum every year for the lives of the income beneficiaries. The benefits to the donor include an income tax deduction in the year the gift is made and a fixed annual income for life, guaranteed by the Foundation. Charitable Lead Trusts Assets that generate an income or that are likely to appreciate substantially can be put to good use as the principal of a charitable lead trust. At the end of that time, the assets are returned to the donor, his or her heirs, or any other persons designated.