 Living Trust
A living trust is just that – it’s a gift that takes place in your
lifetime. It is flexible enough that you can change the terms of the trust
at any time. Making Dakota Wesleyan the beneficiary of the trust remainder
can reduce your estate taxes.
Bequest
A gift made to Dakota Wesleyan through your will can be designated for an endowed
scholarship, program or building, and any other college need. You estate
will realize a 100 percent tax deduction. We can show you some
examples of suggested language to cover several different types of bequests
you may consider making to DWU.
Charitable Gift
Annuity
This kind of gift is one of our most popular. In exchange for cash, securities,
real estate or some other form of property (such as art collections), Dakota
Wesleyan will pay you and/or your spouse a fixed income for life. The amount
is determined by a rate schedule based on your
age or a schedule based on the ages of you
and your spouse. We can provide
you, free of charge, with a customized scenario based on your particular
circumstances. Just contact our Gift Planning office.
Real Estate Gift
You can avoid a capital gains tax on the sale of your farm or home in one of
two ways. You can donate the property to Dakota Wesleyan, or you can sell
it to DWU at a bargain price. The deductions will vary in either scenario,
but you will qualify for an immediate income tax deduction and avoid a capital
gains tax.
Retained Life Estate
You can give you home or farm to Dakota Wesleyan and continue to live there
for the rest of your life. You would get a substantial income tax deduction
for this kind of gift. At the same time you assure that you will spend the
rest of your life in your home.
Charitable Remainder Annuity Trust
The Charitable Remainder Annuity Trust (also known as a CRAT) will pay you
a fixed income annually, never less than 5 percent of the initial value in
the trust. The amount paid never varies. Like the CRUT, you can set up a
CRAT with cash, bonds and securities.
Charitable Remainder Unitrust
The Charitable Remainder Unitrust (also known as a CRUT) makes payments to
you on a pre-set percentage which is never less than 5 percent. This payment
is based on the values of the trust’s assets which is re-calculated
every year. Since fair market value can cause assets to rise or reduce in
value, the amount paid to you will vary. You can set up a CRUT with cash,
bonds or securities.
Charitable Lead Trust
In this type of trust, the income goes first (or leading) to Dakota Wesleyan
for a fixed period of time, before you or your heirs receive the remainder.
There can be substantial tax savings in this type of trust, which is most
suitable if you would like to provide for your family at some point in the
future, but would like to help Dakota Wesleyan now.
Life Insurance Gift
Giving the ownership of a life insurance policy to Dakota Wesleyan will give
you an immediate income tax deduction equal to the amount to cash surrender
value. Your premium payments to DWU are a charitable gift.
Naming Dakota Wesleyan as the policy beneficiary means that the policy’s
face value will be a gift in your name that is fully estate tax deductible
We can offer custom proposals based on your particular
circumstance to show how a gift to Dakota Wesleyan can provide financial
benefits for you.
For more information on planned giving opportunities,
please contact:
Jackie Davis
Dakota Wesleyan University
1200 W. University Ave.
Mitchell, SD 57301-4396
e-mail:jadavis@dwu.edu
Phone (605)-995-2603 |
