Planned gifts have an enormous and lasting impact on Boston University, creating a legacy for BU student-athletes that lasts for generations.
Planned gifts also form part of an overall financial plan that can provide you with significant benefits. For example, planned gifts can help you maintain control of your assets during your lifetime, take advantage of a number of tax benefits, leave a legacy at Boston University, and possibly even provide income to yourself or others during your or their lifetime. Unlike gifts of cash, planned gifts typically come from assets in your estate, rather than disposable income.
Planned Giving Options
There are many different forms your gift can take depending on your goal, including:
- Adding a bequest provision to your will and donating your full or partial estate to BU
- Creating a revocable trust that will benefit BU
- Creating a charitable gift annuity that will provide you with income during your lifetime and then pass on to BU
- Adding BU as a beneficiary to the residual of your retirement plan
- Transferring ownership of your life insurance policy to BU (this can be done during your lifetime)
- Supporting BU and your family with a charitable lead trust, a charitable remainder annuity trust, or a charitable remainder unitrust
Who can make a planned gift?
A common misconception is that planned gifts are only for older or wealthier donors. In fact, individuals of all ages and capacity can engage in strategic planned giving, creating a lasting legacy for students at BU. To learn more about planned giving, and about making Boston University part of your estate planning, please call 1-800-645-2347.