The nation’s tax laws recognize the role of charitable organizations in meeting public needs that are of benefit to society. As a result, incentives are provided to encourage charitable gifts. Wise donors plan their contributions to minimize the after-tax cost while securing allowed benefits for themselves and their families, and the school of medicine can reap tremendous benefit.

Planning Charitable Remainder Trusts, Gift Annuities, Lead Trusts, Life Estates and gifts of life insurance or appreciated property is best accomplished by contacting the Director of Development at the School of Medicine, and your financial counsel.

Bequests
For many, gifts made through a will are the best way to make a substantial donation. Bequests can be made for a specific dollar amount or for a percentage of the estate. The bequest should direct the gift to benefit the area that most interests the donor, i.e., research, scholarship, departmental professorships or chairs, lectureships, or for the discretionary use of the school of medicine.

Retained Life Estates

A gift of property can be given with all rights and obligations to the property maintained by the donor during their lifetime.

The SIU Foundation Planned Giving Department is not engaged in rendering legal or tax advisory service and encourages you to contact your personal tax advisor as you review the various life income plans available to you.