PLANNING A GIFT
“The college experience... was a critical phase in my adulthood when I learned how to be independent, problem-solve, and grow interpersonally. I want other underrepresented students to have the opportunity to experience this and more.” – Michelle E. Johnson (’97), who created a scholarship for underrepresented students through her planned gift.
CHARITABLE REMAINDER TRUST You can leverage your most powerful assets, including real estate, to fund a Charitable Remainder Trust. The CRT generates income for you and/ or beneficiaries for life (or a term of years), with the remainder of the trust eventually becoming a gift to JMU that will have a lasting impact for future Dukes. CHARITABLE GIFT ANNUITY A CGA is a contract with JMU Foundation that benefits you and the university. Donors who are at least 65 years old and are donating a minimum of $25,000 can transfer cash, CDs, stock, or other assets to us; We promise to make fixed payments to you (and/or another person) for life. A portion of the gift annuity income could be tax free, and you may receive a charitable deduction for making a gift to JMU. STOCKS AND APPRECIATED SECURITIES By transferring appreciated stocks, bonds or mutual funds you have owned for more than one year, you allow JMU to sell them and use the proceeds. Your benefits here are considerable: you receive an immediate income tax deduction; you pay no capital gains tax when the stock is sold; and the “cost” of your gift is often less than the deduction you gain by making it!
Made with FlippingBook - Online magazine maker