A planned gift enables donors to make a significant gift to improve health by including IU School of Medicine in financial or estate plans. There are many different types of planned gifts; each option has unique benefits and impacts on your income tax and/or estate tax obligations. Choosing the right gift depends on the donor’s financial circumstances and personal goals.
Planned gifts may also be used to establish endowed funds that remain in perpetuity and create a lasting legacy.
In all cases, it is vitally important for donors to let IU School of Medicine know about a planned gift. The school’s gift planning team works with individuals to ensure IU School of Medicine is properly named in financial or estate plans and to document this intent through a gift agreement.
Types of Planned Gifts
Planned gifts include financial assets with appreciated assets such as stock; gifts that pay you income; and donations that are payable to the school upon a donor’s death. Each unique giving tool has certain benefits and different implications on income or estate tax obligations. Learn about the various types of planned gifts to determine which may be right for meeting specific giving needs.