Office of Gift Development

Planned and Estate Gifts

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.

Bequests

Bequests

A carefully prepared will or estate plan is the best way to ensure that loved ones are provided for after death and that preferred charities are supported as intended. Giving through a bequest may also allow donors to make a more significant and meaningful gift than they could manage in their lifetime.
Retirement Assets

Retirement Assets

Many individuals have substantial savings held in IRAs and other retirement accounts. Gifting a portion of these funds—either in your lifetime or upon your death—can be an easy and tax-wise way to support IU School of Medicine.
Annuities

Annuities

One of the most common and popular ways to make a planned gift is with a charitable gift annuity, a simple contract between a donor and the IU Foundation. In exchange for an irrevocable gift, the Foundation agrees to pay one or two annuitants a fixed dollar amount each year for life. The amount is based on life expectancy: The older an individual is at the time of the gift, the greater the amount can be. The payments are guaranteed by the general resources of the IU Foundation.
Real Estate

Real Estate

When people are looking to downsize or no longer use the vacation home purchased years ago, a gift of real estate may be an option. Donating a home, farm or other real estate has many benefits, and there are creative ways to leverage real estate’s worth to support medical research and education at IU School of Medicine.

Other Planned Gifts

A few examples of the most common types of planned gifts established by donors to support IU School of Medicine are described above. Gift planning experts at IU School of Medicine are available to speak with prospective donors and their advisors about other types of planned gifts, including charitable remainder trusts and charitable lead trusts.

Donor Recognition

While the best reward for a financial gift is the knowledge that the generosity will make a difference in the lives of others, IU School of Medicine celebrates planned-giving donors by inviting all those who have included IU School of Medicine in their estate plans or established a planned gift to participate in the J.O. Ritchey Society. Named for a beloved Indiana University School of Medicine physician, J.O. Ritchey Society donors are invited to special events, receive exclusive updates about the school’s programs, and meet others who share a passion for helping and healing through medicine.