PLANNED GIVING
Bequests – A charitable bequest is one of the easiest ways you can leave a lasting impact on the University of Louisville Athletic program. A bequest may be made in your will or trust directing a gift to the CAF.
- Receive estate tax charitable deduction
- Lessen the burden of taxes on your family
- Leave a lasting legacy
A bequest may be made in several ways:
- Gift of a percentage of your estate
- Gift of a specific dollar amount or asset
- Gift from the balance or residue of your estate
A retirement asset, such as an IRA account, makes an excellent bequest. If the IRA were given to your family, much of the value may be lost through estate and income taxes. By designating a charity as the beneficiary of all or part of your IRA (using a beneficiary designation form provided by your custodian), the full value of the gift is transferred tax-free at your death and your estate receives an estate tax charitable deduction.
More information on Bequests, Charitable Remainder Trusts and other types of gifts can be obtained by visiting Planned Giving on the University of Louisville website.
