Gift Planning Options

There are many ways you can make a planned gift that will benefit Grand Valley State University. See planned gift options, including bequests, retirement plans, or property, or explore gifts that pay income.

Please contact the University Development office for information on how to create a planned gift that meets your philanthropic goals.

 

Bequests in will or trust

Bequests

If your goal is to:

  • Defer a gift until after your lifetime; plan now, give later
  • Maintain control of your assets during life

Then you can:

  • Name GVSU in your will or trust Designate a specific amount or percentage

And your benefits are:

  • Donation is exempt from federal estate taxes
  • Control of assets for your lifetime
  • Help ensure future strength of GVSU
 

Appreciated stocks or bonds

Stocks

If your goal is to:

  • Avoid tax on capital gains
  • Make a quick and easy gift

Then you can:

  • Contribute long-term appreciated stocks, bonds, or other securities to GVSU

And your benefits are:

  • Current federal tax deduction
  • Avoidance of capital gains tax
  • Remove property from taxable estate
 

Retirement plan assets (IRA, 403b, 401k)

Retirement

If your goal is to:

  • Avoid the income tax and potential estate tax on IRA or other employee benefit plans

Then you can:

  • Name GVSU as beneficiary of the assets, or partial beneficiary

And your benefits are:

  • Avoid income tax and any estate tax on plan distributions
 

Real property

Real Estate

If your goal is to:

  • Give your personal residence(s), cottage or farm now, but continue to live there

Then you can:

  • Designate ownership of your home to GVSU, but retain the use of the property

And your benefits are:

  • Current federal tax deduction
  • Lifetime use of residence
  • Removes residence from taxable  estate
     
 

Personal property

Personal property

If your goal is to:

  • Share your enjoyment of a collection or other personal item

Then you can:

  • Donate tangible personal property to GVSU

And your benefits are:

  • Federal tax deduction based on the full fair market value
 

Life insurance

Life insurance

If your goal is to:

  • Make a significant gift with little cost to yourself

Then you can:

  • Contribute a life insurance policy you no longer need and/or name GVSU as beneficiary

And your benefits are:

  • Current federal tax deduction and possible future deductions through gifts to pay policy premiums
 
 
 
 

Gifts That Pay Income

Charitable gift annuities

Charitable annuity

If your goal is to:

  • Supplement retirement income with fixed payments that are partially tax-free

Then you can:

  • Enter into a charitable gift annuity contract with GVSU that pays you a guaranteed income for life

And your benefits are:

  • Current federal income tax deduction and ongoing income, exempt/partially exempt from tax Stable, additional income for life
 

Charitable remainder trusts

If your goal is to:

  • Supplement retirement income (fixed or variable payments)
  • Meet various personal/family financial goals

Then you can:

  • Create a charitable trust (unitrust, annuity trust, lead trust) under consultation with your professional advisor(s); name GVSU as beneficiary of charitable remainder

And your benefits are:

  • Current federal tax deduction
  • Reduces taxable estate
 
 
 
 

Back to Planned Gifts.