A planned gift is a very thoughtful way to support scholarships and programming at Ferris State University. There are many different ways to leave a legacy that will have an impact on both current and future students. At the same time, a planned gift may provide significant tax advantages to you and your heirs.
Bequests and Estate Plan Gifts
A bequest is a gift of cash, securities or other property from your estate. Providing for Ferris in your estate planning gives you the opportunity to leave a legacy, while allowing you to retain control of your assets during your lifetime. Estate gifts to Ferris are exempt from federal estate taxes.
Follow this link to read sample will language: ferris.edu/HTMLS/foundation/Bequest-language.htm
Charitable Gift Annuity
A charitable gift annuity (CGA) is a contract between you and Ferris that provides a steady retirement income and also offers favorable tax benefits.
Charitable Remainder Unitrust
A charitable remainder unitrust (CRUT) is established by irrevocably transferring assets to a trustee, who invests the assets and pays a variable income to you and/or your beneficiaries. At the end of the CRUT term, the trustee distributes the remainder of the assets to Ferris.
You may make Ferris the owner and beneficiary of a new or exiting paid-up life insurance policy. The advantages of this type of gift is the ability to provide a significant gift with a modest investment.
Please contact David Lepper at 231-591-2850 to discuss your planned giving options.