Give for the Future
Support the college by planning for future giving through gifts of life insurance
and retirement plans; bequests, and other contributions made through a donor's
estate.
- Bequest - Designate the Samuel Ginn College of Engineering via the Auburn University
Foundation as a beneficiary of a will, living trust or retirement plan.
- Life Insurance - Designate the Samuel Ginn College of Engineering via the Auburn University
Foundation, as the owner and beneficiary of a life insurance policy. The donor
may take a charitable deduction approximately equal to the policy cash surrender
value at the time of the gift.
- Retirement Accounts - Name the College via the Auburn University Foundation as the primary beneficiary
of a retirement account with the value being fully deductible for estate tax purposes.
Furthermore, income in respect of a decedent is avoided since the Foundation is
a tax-exempt entity.
- Charitable Lead Trusts - Designate the college via the Auburn University Foundation to receive income
from the donor's assets for a specified time, after which the asset is transferred
back to the donor or to the donor's heirs. Many donors like this arrangement because it
keeps assets in the family and gives immediate help for the College's funding
needs. Charitable lead trusts can be created while you are alive or through your
will.
- Gift Annuities - Choose these simple contracts under which the donor transfers assets to the
College, which in return provides life income to the donor and up to one other
individual.
- Retained Life Estate - Transfer a personal residence or farm to the Foundation/College, while retaining
the right to live there for life. You will be entitled to a charitable income
tax deduction for a portion of the appraised fair market value of the property
at the time of the transfer.
- Charitable Remainder Trusts - Create a charitable remainder trust by transferring your assets to a trust
that allows you or a another beneficiary to receive income from that trust until
a time you specify, at which point the "remainder" will go the College.
Get more information on a variety of estate planning and planned giving topics.