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Outright Gifts

Your gift to the School of Art & Design can be in the form of:

• Credit card, check, cash/wire transfers
• Securities
• Matching gifts

To make a gift to the School of Art & Design, please visit the link below:

Note: Tax break extended for charitable IRAs
The opportunity to make outright gifts using IRA funds without tax complications has been extended. For more information: http://www.giving.umich.edu/guide/

Estate and Planned Gifts

A gift to the School of Art & Design may be part of a thoughtful, comprehensive estate plan that provides a way to complete a lifetime of giving or allows a donor to make a significant gift that was not possible to make at an earlier stage of life. Such gifts can also provide advantages such as lifetime income to the donor or others while offering certain tax benefits.

Bequests:
 A bequest is a transfer, by will, of property such as cash, securities (stocks), or tangible property to an individual or a charitable organization. For many donors a bequest offers the opportunity to make a gift from a will or living trust without affecting their current financial situation.

Charitable Lead Trust: 
A Charitable Lead Trust will distribute annual gifts to the School for a specified number of years for the purpose you designate. Upon completion of the trust term, the principal is returned to the donor or heirs. It is one of the most effective ways to pass wealth to the next generation at reduced estate and gift taxes.

Life Income Agreements: 
Life income agreements are gifts that provide income for life for designated beneficiaries. Upon termination of the agreement, the School of Art & Design will use the remaining assets for the purpose you have specified. Donors receive a charitable deduction for the portion of the gift that will ultimately benefit the School. In addition, a donor may benefit from income tax, capital gains tax, and estate tax savings. There are three types of life income agreements:

Charitable Gift Annuity: Art & Design alumni/ae can now take advantage of this very popular charitable giving opportunity that provides a fixed income for life. The payout rate is determined by the age(s) of the beneficiaries. After the beneficiaries are no longer living, the School will use your gift for the purpose you have specified. You will be able to meet both your financial needs and philanthropic goals, because a gift annuity will provide you with:

• An immediate income tax deduction and capital gains tax savings
• A lifetime stream of payments (fixed) for one or two persons (e.g. the donor and/or another)
• Annuity payment rates that may be higher than other investment returns
• A future significant gift to Art & Design for a program of your choice.

Charitable Remainder Trust: A charitable remainder trust allows a donor to make a charitable gift, which will provide annual payments to one or more beneficiaries for their lifetimes, or for a specific term of years. Upon the death of the income beneficiaries or expiration of the specified number of years, the trust will terminate and the principal is distributed to the School of Art & Design and/or other charitable organizations for a purpose you select. To qualify for the federal charitable deduction, the trust must be irrevocably funded. In exchange, you will receive:

• An immediate charitable income tax deduction for the portion of the trust value that represents the charity's future gift
• No capital gains tax when the trust is funded with appreciated stock or real estate
• Possible estate tax savings

Donor Pooled Income Fund: This type of life income agreement pools the contributions from donors for investment and management purposes, similar to a mutual fund. The donor and/or other named income beneficiaries receive an annual lifetime income based on the number of shares he/she owns in the fund. Upon the death of all beneficiaries, your portion of the Fund will be used as you directed. Benefits of the Donor Pooled Income Fund include:

• A charitable income tax deduction
• Avoidance of capital gains taxes if you make your gift with appreciated securities
• A modest return on assets contributed to the Fund
• Diversification of your portfolio

For more information about planned gifts, please see:

http://www.giving.umich.edu/guide/

To speak to a representative at the School of Art & Design, please call Mary Alice Bankert at (734)478-5770, or email a&dgiving@umich.edu .