Your gift to the College of Music can take many different shapes. CU Development/Advancement is happy to assist you in finding the type of gift that best meets your needs. Explore ways to give by reviewing the options listed below:
Gifts of Cash and Cash Pledges
This is the easiest way to give. You can benefit from a charitable income tax deduction for the full value of the gift, which you can use up to 50% of your AGI if you itemize.
Gifts of Other Assets
Stocks, Bonds, and Mutual Funds. Funding a gift with these types of assets can be beneficial to CU and you. In addition to the charitable income tax deduction, if you have owned these assets for more than one year, you can avoid the capital gains taxes.
There are different ways to use life insurance as a charitable gift. One option is to make CU the irrevocable owner and beneficiary of any paid-up whole life insurance policy. To determine your potential charitable income tax deduction, please consult your insurance company.
If you make CU a beneficiary on your retirement plan document, your gift will be transferred after your death and your heirs may avoid some or all of the income taxes due.
Special Opportunity–Because of legislation in effect until December 31, 2009, IRA owners who are at least 70 1/2 years of age can request a distribution of up to $100,000 to go directly to CU. The funds must be received by the Foundation no later than December 31, 2009. You can take advantage of tax savings now and enjoy seeing the impact of your gift to CU in your lifetime.
Gifts-in-kind can be made directly to the University, or (if to be sold) to the CU Foundation. We can help assist you with this type of donation.
Leave your legacy by making a gift to CU in your will. Bequest donors are recognized through membership in the Heritage Society, or can remain anonymous.
Charitable Gift Annuity
You may be able to transfer cash or securities to in return for an annuity that provides fixed income for life for you and/or your spouse or designated beneficiaries. This approach offers valuable tax benefits.
There are several types of charitable trusts that can be structured to achieve both your personal and philanthropic goals. We can discuss the various trust options based on your specific circumstances.