You can transform the world by transforming the lives of students. What’s more, you can leave these generous gifts now and you may receive tax benefits to enjoy for yourself.
Retirement Plan Gift
A gift of your retirement assets, such as an employee retirement plan, IRA, or tax-sheltered annuity, is an excellent way to make a gift. A gift of these assets can shield you or your heirs from taxes while funding the MSUM Foundation.
IRA Charitable Rollover
Transferring funds from an IRA to the MSUM Foundation is an effective way to create a legacy of helping students become successful leaders in their communities and beyond.
- You must be 70 ½ or older.
- An individual may transfer up to a total of $100,000 per year and a married couple may give up to $200,000.
- Your gift must be transferred directly from your IRA account to the MSUM Foundation.
- Your gift is a transfer of funds from your IRA to the MSUM Foundation, so while you do not receive a charitable deduction, it does not create taxable income for you.
- If you are 72 years old, the transfer of funds can count towards your annual Required Minimum Distribution from your IRA.
If you’re interested in this popular way to support the MSUM Foundation, download a sample letter for your IRA administrator here.
Life Insurance Policy Gift
Life insurance is a valuable asset for making a charitable gift. You can make a gift of a life insurance policy without diminishing other investments or assets earmarked for family members.
Gifts of Securities
You can use stocks, bonds, and mutual funds that have grown in value to create your legacy of transforming lives with the MSUM Foundation.
"Tax Wise Ways to Make an Impact", and other complimentary planning resources, are just a click away.
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This information is not intended as legal, accounting, or other professional advice. For assistance in planning your gift(s), please consult a lawyer and/or financial advisor for professional advice.