Through your will, you have options to not only support Denison, but also to create trusts that benefit loved ones and reduce the burden of federal estate taxes.
In fact, the law currently permits a 100 percent charitable estate tax deduction when you make a bequest to Denison in your will. This deduction reduces the estate tax bite, so your gift actually costs much less than its face amount.
Types of Bequests
Choose from several forms of charitable bequests:
- Unconditional Outright Gifts: You can designate a specific amount or a percentage of your total estate to donate to Denison. You can also make a bequest for a specific purpose that reflects your interests, like an endowed scholarship.
- Bequest of a Remainder Interest: Setting up a charitable remainder trust provides income to a designated individual for life, with the remainder going to Denison.
- Bequest of an Income Interest: With a charitable lead trust, income goes to Denison for a specified period of time, then the trust assets go to your family.
- Residuary: This is a gift of all or a portion of the assets that remain after specific bequests to others, taxes, and other allocations have been paid out.
- Contingent: This bequest goes to Denison only if a contingency occurs, such as a loved one predeceasing you.