Gift Planning
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How to Complete Your Gift
If you want to support our mission and receive income in return, you should consider a gift to our pooled income fund. In just four steps, you can make a charitable gift that will help us carry out our good work.
Step 1: Decide who should receive income. When you contribute to our pooled income fund, you'll receive income in return. Would you like the income to be distributed to just you? Or to you and someone else, typically a spouse?
Step 2: Choose which assets you'd like to give to the fund. You will need to decide if you'd rather give cash or stock. (Please note: You cannot give tax-exempt securities.)
The income you receive from your pooled income fund gift will vary from year to year. The fund's earnings, and therefore your income, depend on investment results.
Step 3: Complete the transaction. We will have paperwork for you to complete to establish your gift and its use. Plus, depending on which assets you're giving, you will either write a check or have your stockbroker transfer stock to WSU Foundation. Be sure to keep your records and share them with your tax advisor for your income tax return.
Step 4: Enjoy the satisfaction of supporting our organization while also helping yourself. You'll receive a variable lifetime income and a partial income tax deduction, with the option of donating more in later years. And you'll feel good knowing that with just a little planning, you'll support our work now and long after your lifetime.
If you have any questions about contributing to our pooled income fund, please contact Mike Connell at 509-335-5865 or connell@wsu.edu.
Your Next Steps
Getting Started | Is This Gift Right for You? | Case Study | How to Complete Your Gift | Action Items
Getting Started | Is This Gift Right for You? | Case Study | How to Complete Your Gift | Action Items
Copyright © The Stelter Company, All rights reserved.
The information on this website is not intended as legal or tax advice. For legal or tax advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes apply to federal taxes only. State income/estate taxes or state law may impact your results.
All planned gifts are subject to review and approval of the WSU Foundation Gift Acceptance & Management Committee.
All tax benefits may vary.
