Planned Giving

Planned giving is the process of making charitable gifts so that you realize your philanthropic objectives while maximizing tax and other financial benefits. While the tangible benefits of planned giving are important, such as favorable tax treatment, the intangible benefits of participating in the University's mission of teaching, research and service are just as important. A gift to the Louisiana Tech University Foundation places you at the heart of Tech's mission and ensures that you are making a difference in the future of Tech. Alumni and friends who notify the Foundation that they have remembered Tech with a bequest or other type of planned gift are invited to join the McCann Society. The society is named in honor and memory of Melvin McCann, a 1940 Tech graduate who established a $1,000,000 charitable remainder trust to provide scholarships for deserving students.

Options for Planned Giving

These common methods of planned giving can offer many advantages, whether used individually or in combination. The staff of the Louisiana Tech University Foundation is available to discuss these options in greater detail with you and your advisors.

  • Bequests - Bequests are appropriate for those who wish to make a significant gift without diminishing the size of their current assets. When you make a bequest, you also reduce the size of your taxable estate. A bequest can be made simply by including the Louisiana Tech University Foundation, Inc. in your will. A bequest can be a specific amount of money, securities or property, or the residual of your estate after other bequests have been made. They can be designated for specific purposes such as establishing scholarships, professorships or eminent scholar chairs, or you may designate your gift as unrestricted which will give the Louisiana Tech University Foundation the flexibility to use your gift where it is needed most. Consult an attorney for help in drafting your will. More on bequests

  • IRA Charitable Rollover - After years of last minute renewals, Congress made permanent and the President signed into law the Individual Retirement Account (IRA) Charitable Rollover legislation which allows individuals age 70 ½ or older to transfer up to $100,000 of tax-free gifts from their IRA directly to their favorite charity on an annual basis. Click here for more information.

  • Charitable Trusts - A charitable remainder trust allows you to make a gift now and retain lifetime income for you and your beneficiaries. This allows you to convert appreciated, low-yielding assets to additional income without incurring capital gains tax. An income tax deduction may be taken when the gift is made. A charitable lead trust makes annual payments to charitable purposes for a period of time, and then the assets are returned to you or your beneficiaries.

  • Retirement Accounts - The assets in qualified retirement plans such as IRAs can be a very tax efficient way to make gifts. Retirement accounts are included as part of the taxable estate at death, and heirs may also owe income tax on the remaining amount. Heirs (other than a spouse) and beneficiaries can lose up to 75 percent of the account's value to taxes. Making charitable gifts with retirement account assets can actually result in more assets being available to family than if charitable gifts were made from other assets in the estate.

  • Life Insurance - You may have life insurance policies which you no longer need. You may make the Foundation the beneficiary and owner of the policy or simply name the Foundation as beneficiary of the policy.
  • Charitable Gift Annuities - A charitable gift annuity is established by transferring cash, securities or other assets to the Louisiana Tech University Foundation in exchange for fixed payments for life. The transaction is both the purchase of an annuity and a charitable contribution. Your benefits include guaranteed regular income, part of which may be tax free; an immediate income tax deduction; possible estate tax savings; and, if appreciated property is given, favorable tax treatment of the gain.
  • Real Estate With Retained Life Use - You can transfer ownership of a personal residence or farm and continue to use it during your lifetime. This allows you to make a substantial gift while retaining your cash and liquid assets, receive an income tax deduction, and enjoy the property for life.

Giving Opportunities

University Fund (make an online donation)
Cash, Securities and Stock Transfers
Planned Giving
Endowments
Endowed Professorships and Chairs
Corporate Matching Funds
State Matching Funds

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