There are a variety of opportunities available to invest in the University of Kentucky, its many programs and its deserving students. Some charitable gifts can provide immediate tax benefits, while others may help reduce your taxable estate or even provide an annual income for you and/or another beneficiary. Regardless of which type of gift you choose, you can be assured that your support will help the University enhance the quality of life for citizens of the Commonwealth and beyond.
There are two primary ways to give to the University: Outright Gifts and Planned Gifts
Outright Gifts include Cash, Securities (stocks, bonds and mutual funds), Real Estate and Tangible Personal Property. Outright Gifts can provide general support to the University, or they can be designated to benefit a UK program or project of special interest. An Outright Gift is most often claimed as an income tax deduction for the year in which it is given. For some individuals, a distribution from an IRA may be the best method for making an Outright Gift.
Planned Gifts can be made through many vehicles, including your Will, Revocable or Irrevocable Trusts, Charitable Gift Annuities, Donor Advised Funds and other arrangements that offer benefits for both you and the University. These gifts usually provide future support for UK and are often designated to help build the University’s endowment. Many Planned Gifts offer tax advantages for you and/or your heirs. Click here for additional planned giving information, tools and calculators.
After determining which gift is right for you, consult your financial advisors. The qualified and experienced gift planning professionals in the UK Office of Gift and Estate Planning are also available to help you and your advisors accomplish your philanthropic goals at the University of Kentucky.