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giftresearch About the Office Meet our staff Newsletter Archive Giving to the College Gift Options Make a Gift Corporate Relations U of I Foundation (off site) Alumni EAA EAA Board Distinguished Alumni Student Medalists Calendar Update Us SAGE U of I Alumni Association (off site) Calendars and Events College Alumni Calendar University Alumni Calendar Resources and Links College of Education Site map Find People Feedback Office of Development and Alumni Relations Suite 38, Education Building, 1310 S. 6th St., Champaign, IL 61820 Champaign, IL 61820 (217) 244-7228 phone (217) 333-5847 fax ed-alumni@uiuc.edu friends and alumni >> giftresearch Gifts for Every Intention The world of philanthropy is full of wonderful individuals who, like you, want to invest in the future of the organizations they truly value. But, it can be a little confusing, with so many options and so many terms. Use the information below to give you a better idea of what form your gift might take to best reflect your intentions. Use these links to skip directly to the section you want to see, or scroll down the page to read about all of these options. Annual Funds Endowed Funds Current Use Gifts Deferred Gifts Annual Funds Annual funds are current-use financial resources used to support priority programs not covered through state funding. Many donors choose to designate their annual gifts to the College's Fund for Excellence. The Dean of the College annually determines the priorities for this fund. In recent years it has supported our minority student recruitment efforts, enriched student leadership programs, and enhanced technology training for student and faculty. Annual fund dollars can also be designated to the William Chandler Bagley Scholars Program. Entirely funded through private gifts, this program enables us to provide merit-based scholarships and fellowships to some of our most talented students. During 2002-2003 academic year, 37 students directly benefited from this program. Wherever you designate your annual fund gift, you can be assured that your donation is going directly to support the research, teaching and service missions of the College of Education. With no minimum gift, this is a great way to begin your investing in the College of Education. Endowed Funds Endowed funds are gifts large enough to generate yearly income. The principal remains intact through investment and only the interest is used. Endowed funds are attractive because they guarantee that financial resources will be available for years to come. Generally, endowed funds are named in recognition of the donor or donors. The size of the donation to establish a permanently endowed fund is determined by the purpose of the gift (i.e. scholarship, professorship, etc...) as well as by current financial market considerations. To learn more about creating an endowed fund you can visit the University of Illinois Foundation web site or contact one of the College gift officers. Current Use Gifts Current use gifts can be put to use by the College immediately upon receipt from the donor. Examples might include a newly endowed scholarship, a one-time gift to purchase new computers for one of our departments, or a donation to one of our Annual Funds. When you hear the words current use, it basically means a gift that can be put into immediate action. Deferred Gifts Deferred gifts are ones that are designed to be put to use at a future time. While these gift agreements may be made at any time, the execution schedule of the donation is the result of careful planning that integrates the donor's charitable gift into his or her overall financial, tax, and estate planning objectives in order to maximize the benefits for both the donor and the College. Examples of deferred gifts might include an estate bequest. Maintained by Chris Harris 244-8335 last updated 11/15/2004 feedback form

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Skidmore College - Gift Planning - Life Income - Charitable Remainder Trust Search | Calendar | A-Z Index Thu Sep 22 5:37 PM EDT Skidmore Home | Admissions | Current Students | Faculty & Staff | Parents & Friends | Alumni Wills and Bequests Life Income Gifts More Gift Options Breaking News To Honor Donors Bring Legacy to Life! Scribner House Contact Our Staff Gift Planning Home STANDARD MAIL 815 North Broadway Saratoga Springs, New York, 12866 GIFT PLANNING PHONE 518-580-5655 E-MAIL CONTACT Gift Planning Gift Planning Life Income Gifts - Charitable Remainder Trust Commonly known by its acronym, CRT, the charitable remainder trust is a valuable estate and financial planning tool that also helps donors fulfill philanthropic objectives. A donor can fund a CRT with cash or securities. The CRT will provide a stream of income to one or more recipients (a donor and spouse, for example) for life or for a fixed period up to 20 years. The trust ends when the income recipient(s) pass away or when the fixed period has ended. The remaining trust assets are then distributed to Skidmore, and other charitable recipients, if named, to be used in a manner determined by the donor when the trust was created. It is also possible to use real estate to fund a CRT. Life income payments can be made two ways: as a percentage of the trust assets as revalued annually (this is known as a unitrust, or CRUT) or by paying a fixed percentage of the original trust principal (this is known as an annuity trust, or CRAT). The unitrust provides a variable payment, while the annuity trust provides a fixed payment. Trusts are usually funded with a minimum of $100,000. Donors usually experience an increase in yield on the assts. Other advantages include an immediate charitable income tax deduction, avoidance of capital gains tax if appreciated assets are used to fund the trust, possible estate tax savings, and the creation of a legacy through your wonderful gift to Skidmore. Many donors use their tax savings to purchase a life insurance policy to replace for their heirs the assets used to fund the CRT. Please call or email to learn more. Bring Legacy to Life! Philanthropy • Legacy • Security The Office of Gift Planning urges donors to consult their legal and other professional advisors when considering charitable gift giving. Our staff is always pleased to work directly with donors and their advisors during the process. Creative Thought Matters. Skidmore College · 815 North Broadway · Saratoga Springs, NY · 12866 Skidmore College Main Links ©2005 Skidmore College · Contact Information Skidmore Home | Admissions | Current Students | Faculty & Staff | Parents & Friends | Alumni

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