Gift Giving Opportunities

Gifts you can arrange now to be received over time

As part of your long-range financial planning, you might consider making a gift to Clemson that will be received after you and your loved ones no longer need the assets used to fund the gift.

There is no limit to the amount that you can devote to charitable use free of federal gift and estate taxes. For this reason, after providing adequately for loved ones, many choose to voluntarily redirect a portion of their estate for charitable uses.

There are many ways to provide for gifts as part of the estate planning process. You may be surprised to learn a variety of options that are available.

• Giving through your will can be a convenient way to leave a lasting legacy for the benefit of Clemson. After providing for loved ones, you may decide to give a specific amount, a percentage of your estate, or all or part of what remains after individuals have been remembered. A bequest can often be arranged with the simple addition of a codicil (amendment) to your existing will.
• Giving through living trusts is another idea you may wish to consider. More people now use trusts created during their lifetime (living trusts) to provide for the management and eventual distribution of their assets. Charitable gifts can be a rewarding addition to these trusts. A simple amendment to a living trust can be all that is required to arrange a gift in this way.
• Giving through retirement plans is gaining in popularity. Individual Retirement Accounts (IRAs), company-sponsored pension and profit-sharing plans, and other methods of saving for retirement may be appealing sources for charitable gifts.

  If you have one or more retirement plans, you may want to consider charitable planning alternatives. IRA designations can be a convenient way to provide for Clemson while saving both estate and income taxes for your heirs. Amounts remaining in qualified retirement plans at death may be subject to income taxes and possibly estate taxes when received by heirs. For this reason, charitable gifts of retirement plan balances can often produce the greatest tax savings for your heirs and may well be the gift of choice from an estate tax planning perspective.

We appreciate your interest and support in the College of Engineering & Science and would be pleased to meet with you or provide you with additional information. Please return this information form or feel free to contact Joy Workman, Director of Alumni Development toll free at 1-866-472-8823.