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 Planned gifts offer alumni and
friends the opportunity to make tax-favored gifts for the benefit of Mines.The following planned gift vehicles benefit the school while ensuring that your tax advantages are maximized.  Property GiftsGifts of long-term appreciated property enable you to maximize your philanthropic impact while avoiding capital gains taxes. Charitable BequestsBequests via will or revocable living trust allow you to retain control of your assets. A charitable bequest can be tailored to almost any set of circumstances, and it provides an unlimited deduction for estate tax purposes. Bequests should be made to "the Colorado School of Mines Foundation, Incorporated, of Golden, Colorado." Click here for additional bequest language. Life-Income GiftsA life-income gift enables you to generate a current income tax deduction while providing yourself or a loved one with a secure source of income. When funded with appreciated assets, it can also help you increase your income while avoiding capital gains taxes. Example: A 72-year-old donor transfers $100,000 of appreciated stock into a charitable remainder trust that will pay him an annual income equal to 7% of the trust’s value. The stock originally cost $10,000 and pays dividends of 2%. By setting up the trust, the donor has accomplished the following: more than tripled his annual income from the asset; avoided capital gains taxes of $18,000 ($90,000 x 20%); generated a current income tax deduction of $48,449; removed assets from his taxable estate; made a substantial estate gift to an institution he cares about. Wealth Replacement
Trusts.When used together with a life income gift, a wealth replacement trust may help you transfer your estate to your heirs without estate tax. Pension GiftsVarious arrangements involving pension or individual retirement accounts can enable you to make a substantial estate gift while avoiding estate and income taxes that may amount to 80% or more of the account’s balance. Life Estate ContractA life estate contract enables you to give your home or farm to the School while retaining use of the property for your lifetime. It also provides a current income tax deduction. Life InsuranceA gift of a life insurance policy allows you to make a major gift for a modest cost. Many donors like to use insurance gifts to receive a current tax deduction while disposing of an old policy that is no longer needed. Lead TrustA lead trust may enable you to transfer your estate to your children or grandchildren free of estate tax. |
More on Planned Giving |
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| David Mays Assistant Vice President for University Advancement Phone: (303) 273-3140 e-mail: david.mays@is.mines.edu |
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