Gift-Making Options

All sharing options supply benefits, either immediate or at a later date, to both the benefactor and the beneficiary.

Outright Giving

Many people, even those of modest means, choose to become philanthropically involved and active through these opportunities. Although outright gifts sometimes tend to be smaller than deferred-or planned-gifts, the impact for both the beneficiary and the benefactor is immediate.

Cash
Negotiable Securities
Real Estate

To make a donation online now, click here.

Deferred & Planned Giving

Deferred or other planned giving options are available in several different forms, all of which allow long-term benefits for the benefactor as well as the beneficiary. With most, the donor can have the benefit of a lifetime income with significant tax advantages while making a considerable contribution to Biology and Agriculture.

Life Income Charitable Trusts: These trusts provide the donors with a lifetime income while also making a deferred gift to the College of Life Sciences. Donors also avoid capital gain tax on the sale of property that is donated to a charitable trust.
Testamentary Gifts: Many donors choose to make a bequest to the College of Life Sciences through their will or trust.
Wills: Although wills do not provide an income for the donor as a trust might, they do offer many other advantages, including the opportunity to make sure your wishes as to the distribution of your assets are satisfied. There are two general ways to benefit the College priorities and programs through wills:
- A. Outright Specific Bequests assign a specified amount or percentage of cash or other assets to the university. The remainder goes to individuals or organizations you assign as a beneficiary or beneficiaries.
- B. Residual Will Instructions allow you to specify that after certain payments have been made for your estate, the balance goes to Life Sciences in the manner, priority, or program you designate.
Life Insurance Policies: Gifts of this type allow you to make a gift larger than your current circumstances might allow. All it takes is to name the College of Life Sciences as the beneficiary. This option also allows you to tender the gift without restriction or to designate the priority or program you wish to support.
Charitable Remainder Unitrust: This type of trust fund is rapidly becoming one of the most popular among people making planned, deferred gifts because of its inherent benefits to them and to the College. The trust might allow you to receive an income for your lifetime and also, if you desire, for the life of your spouse. Payments might vary depending on fluctuations in interest rates. At the end of the trust term, any remaining assets and income go to the College of Life Sciences as you designate.
Revocable Living Trust: This option allows you complete flexibility to administer your assets during your lifetime. At your death your trust results in a generous gift to the College and distributes the remaining assets according to your wishes.
Charitable Gift Annuity: This trust is similar to remainder trusts but differs in that payments are based on a predetermined earnings percentage that is guaranteed by the owner of the annuity, in this case Brigham Young University. Income payments can either begin when the annuity is established or in the future, as you request.
Charitable Lead Trust: Functioning in reverse of a charitable remainder trust, the income from assets you place in trust is directed to Biology and Agriculture at the beginning rather than at the end of the trust term. Using this trust, you have the option of choosing a specific term of years or the duration of your life for the income to be given to the College. At the end of the trust term, the asset reverts to you or goes to the beneficiary you have designated.
Remainder Interest Deed: If you have a mortgage-free home or farm, this plan allows you to make it a gift to Biology and Agriculture while retaining use of the property during your lifetime. At your death, the property passes on to the College. This type of deed allows an immediate tax deduction when the interest deed is executed.
Bargain Sale: This transaction permits the university to purchase a property or asset you elect to sell at a bargain price. The difference between the property's fair market value and the sale price constitutes the amount of your gift.
Gifts-in-Kind: These types of gifts are particularly appealing to corporations and small businesses, who elect to contribute gifts such as equipment, machinery, tools, hardware, and software, rather than cash, to specific colleges, departments, and programs. In this way they are able to substantially support students and faculty while creating awareness for their products, and at the same time receive charitable tax deductions equivalent to the fair market value of their gifts.


	Gift-Making Options All sharing options supply benefits, either immediate or at a later date, to both the benefactor and the beneficiary. Outright Giving Many people, even those of modest means, choose to become philanthropically involved and active through these opportunities. Although outright gifts sometimes tend to be smaller than deferred-or planned-gifts, the impact for both the beneficiary and the benefactor is immediate. Cash Negotiable Securities Real Estate To make a donation online now, click here. Deferred & Planned Giving Deferred or other planned giving options are available in several different forms, all of which allow long-term benefits for the benefactor as well as the beneficiary. With most, the donor can have the benefit of a lifetime income with significant tax advantages while making a considerable contribution to Biology and Agriculture. Life Income Charitable Trusts: These trusts provide the donors with a lifetime income while also making a deferred gift to the College of Life Sciences. Donors also avoid capital gain tax on the sale of property that is donated to a charitable trust. Testamentary Gifts: Many donors choose to make a bequest to the College of Life Sciences through their will or trust. Wills: Although wills do not provide an income for the donor as a trust might, they do offer many other advantages, including the opportunity to make sure your wishes as to the distribution of your assets are satisfied. There are two general ways to benefit the College priorities and programs through wills: A. Outright Specific Bequests assign a specified amount or percentage of cash or other assets to the university. The remainder goes to individuals or organizations you assign as a beneficiary or beneficiaries. B. Residual Will Instructions allow you to specify that after certain payments have been made for your estate, the balance goes to Life Sciences in the manner, priority, or program you designate. Life Insurance Policies: Gifts of this type allow you to make a gift larger than your current circumstances might allow. All it takes is to name the College of Life Sciences as the beneficiary. This option also allows you to tender the gift without restriction or to designate the priority or program you wish to support. Charitable Remainder Unitrust: This type of trust fund is rapidly becoming one of the most popular among people making planned, deferred gifts because of its inherent benefits to them and to the College. The trust might allow you to receive an income for your lifetime and also, if you desire, for the life of your spouse. Payments might vary depending on fluctuations in interest rates. At the end of the trust term, any remaining assets and income go to the College of Life Sciences as you designate. Revocable Living Trust: This option allows you complete flexibility to administer your assets during your lifetime. At your death your trust results in a generous gift to the College and distributes the remaining assets according to your wishes. Charitable Gift Annuity: This trust is similar to remainder trusts but differs in that payments are based on a predetermined earnings percentage that is guaranteed by the owner of the annuity, in this case Brigham Young University. Income payments can either begin when the annuity is established or in the future, as you request. Charitable Lead Trust: Functioning in reverse of a charitable remainder trust, the income from assets you place in trust is directed to Biology and Agriculture at the beginning rather than at the end of the trust term. Using this trust, you have the option of choosing a specific term of years or the duration of your life for the income to be given to the College. At the end of the trust term, the asset reverts to you or goes to the beneficiary you have designated. Remainder Interest Deed: If you have a mortgage-free home or farm, this plan allows you to make it a gift to Biology and Agriculture while retaining use of the property during your lifetime. At your death, the property passes on to the College. This type of deed allows an immediate tax deduction when the interest deed is executed. Bargain Sale: This transaction permits the university to purchase a property or asset you elect to sell at a bargain price. The difference between the property's fair market value and the sale price constitutes the amount of your gift. Gifts-in-Kind: These types of gifts are particularly appealing to corporations and small businesses, who elect to contribute gifts such as equipment, machinery, tools, hardware, and software, rather than cash, to specific colleges, departments, and programs. In this way they are able to substantially support students and faculty while creating awareness for their products, and at the same time receive charitable tax deductions equivalent to the fair market value of their gifts.