"If your actions inspire others to dream more, learn more, do more and become more, you are a leader."
John Quincy Adams
Perhaps you own securities that you'd eventually like to give to University of Northern Iowa Foundation but aren't necessarily ready to part with them today. After all, you never know when you might need them. Consider the possibilities that a gift of securities in your will or trust can bring.
The following is an illustration of how this type of donation works.
Alvin was no stranger to philanthropy. Each year he faithfully donated to University of Northern Iowa Foundation and wanted to extend his support beyond his lifetime. To formalize his wishes, he consulted with a local estate planning attorney who drafted a will and revocable living trust. A specific bequest of company securities was included in the trust.
Alvin passed away several years later. At the time of Alvin's death, the value of the stock was $1 million and his estate was subject to a federal estate tax rate of 35 percent. Alvin's estate was able to take advantage of the unlimited estate tax charitable deduction and saved $350,000 in federal estate taxes.
To learn more about supporting University of Northern Iowa in the future through a gift of securities, contact Diane Curtis at 319-273-6078 or firstname.lastname@example.org.
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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.