Ways to Give continued

Smart Hands

Friends of the Chicago State University who wish to make a contribution are encouraged to consider the following options:

Cash

Cash is often the most convenient form of giving. Cash gifts are tax deductible for federal income tax purposes. Checks should be made out to Chicago State University Foundation. The Foundation also accepts donations made with major credit cards.

Pledges

A pledge is simply a commitment to make a donation in the future. A pledge may be paid in single or multiple payments. An added benefit of pledges is that a donor is able to plan a personal giving program that is both convenient and affordable. Terms for payment on pledges are flexible and at the option of the donor.

Matching Gifts

Many employers offer a matching gifts program, wherein your employer will match your gift to the University. Matching gifts offer a great way to increase your gift to the University without any additional expense to you.

Securities

Securities can be given outright or as a payment on a pledge. Stock certificates can be reassigned directly to the University or may be transferred through the donor’s broker. The mean market value of the certificate as of the date of the transfer will determine the value of the gift for tax purposes. It is best to consult with a member of the Foundation staff before making a gift of securities.

For general questions on securities call (773) 995-3839 or send e-mail to friends@csu.edu.

Gifts of appreciated securities may be tax deductible, up to 30 percent of your adjusted gross income. The deduction is based on the full fair market value, and capital gains tax is not due when the stock is transferred to the Foundation.

Planned Giving

A planned gift is a gift made during your lifetime, but the benefit is not realized until the future. A planned gift is typically made as part of your overall financial or estate plan and can offer unique tax savings and/or income producing benefits to donors.

There are many types of planned gifts, including charitable bequests, charitable trusts, charitable gift annuities, life insurance gifts, life estate agreements, and retirement plan gifts.

Giving Made Easy

Your Goal Your Gift How to Make The Gift Your Benefits
Make a quick and easy gift Outright gift Donate cash, securities or personal property Income tax deduction; avoidance of any capital gains tax
Make a revocable gift during your life time Living Trust Name us beneficiary of assets in a living trust Control of trust for lifetime; possible estate tax savings
Defer a gift until after your lifetime Bequest in will Name us in your will A donation exempt from federal estate taxes
Make a large gift with little cost to you Life Insurance gift Give an old or new policy with us as beneficiary Control of trust for lifetime; possible estate tax savings
Avoid the twofold taxation on retirement plan assets Retirement plan gift Name us beneficiary of the remainder of the assets after your lifetime Avoidance of heavily taxed gifts to heirs, allowing less costly gifts
Avoid capital gains tax on the sale of a home or other real estate Real Estate gift Donate the property to us, or sell it to us at a bargain price Immediate income tax deduction and avoidance of capital gains
Give your personal residence or farm, but continue to live there Retained life estate Designate the ownership of your home to us, but retain occupancy Charitable income tax deduction and lifetime use of home
Secure a fixed and often increased income Charitable remainder annuity trust Create a charitable trust that pays you a set income annually Immediate income tax deduction and fixed income for  life
Create a hedge against inflation over the long term Charitable remainder unitrust Create a trust that pays a percentage of the trust’s assets, valued annually Immediate income tax deduction, annual income for life that has potential to increase
Reduce a gift and estate taxes on assets passing to heirs Charitable lead trust Create a trust that pays fixed or variable income to us for a set term, and then passes to heirs Reduced size of taxable estate; keeps property in family, often with reduced gift taxes


Have a general question about making a gift? Please contact:

Mr. Katéy Assem

Executive Director

Chicago State University Foundation
9501 S. King Drive, ADM 322

Chicago, IL 60628-1598

Phone: (773) 995-3839
FAX: (773) 995-3604