| Ways
to Give
Cash
Wills and Trusts
Charitable Gift Annuity
Securities and Real Property
Life Insurance
Endowments
Cash
Cash is the most common and convenient
form of giving. Cash gifts are available for immediate
use by the University for the purpose(s) you specify. Cash
gifts can be made in several ways, including cash itself,
checks, credit card, money orders, or wire transfers. A
gift of cash provides an immediate income tax deduction.
You may make a cash gift online,
or mail your cash gift to: NSU Foundation, 812 North Cedar,
Tahlequah, OK 74464. Please make all checks payable to “NSU
Foundation.”
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Wills and Trust
Would you like to leave a lasting impact even after
you’re gone? Put the NSU Foundation in your
will or living trust. If you need the money for any reason,
it’s yours to use. If you don’t use it during
your lifetime, it will fund the scholarship or program that
you intended.
Obviously, you will need to work with your lawyer to make
provisions in your will or living trust for Northeastern.
If you or your lawyer have any questions, please contact NSU
Office of Development, by email at foundation@nsuok.edu
or by phone at 918-458-2143.
The following is suggested language you could consider depending
on your intentions:
1. If you want to leave a specific dollar amount: “I
give, devise and bequeath to the Northeastern State University
Foundation, Inc. in Tahlequah, Oklahoma, $_______.”
2. If you want to leave a percentage of an estate: “I
give, devise and bequeath to the Northeastern State University
Foundation, Inc. in Tahlequah, Oklahoma, _____% of my estate.”
3. If you want to leave a specific piece of property: “I
give, devise and bequeath to the Northeastern State University
Foundation, Inc. in Tahlequah, Oklahoma, (a description of
the property) located at (exact location).”
4. If you want to leave the residue of an estate (that is
the amount remaining after the specific bequests): “All
the residue of my estate, including real and personal property,
I give, devise and bequeath to the Northeastern State University
Foundation, Inc., in Tahlequah, Oklahoma.”
This giving option qualifies you as a member
of the NSU Guardian Society.
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Charitable Gift Annuity
Although the term might not be familiar, it is a simple concept
– you make a gift of cash or stock and, in return
the NSU Foundation guarantees you a lifetime income.
Here’s an example of how it works. Suppose at age 75,
a woman we’ll call Ruth funds a gift annuity with $25,000.
In return, the NSU Foundation pays her $1,975 a year for as
long as she lives.
In addition, Ruth receives an immediate charitable deduction
exceeding $10,000 on her income taxes as well as partially
tax-free income for several years. At the same time, Ruth
is helping NSU continue its tradition of offering a quality,
accessible education to thousands of students.
Gift Annuity Rate Chart
If
your age is: |
A
gift annuity pays: |
65 |
6.7% |
70 |
7.2% |
75 |
7.9% |
80 |
8.9% |
85 |
10.4% |
The NSU Foundation also has gift annuities for couples. The
rates, while slightly lower because of the longer life expectancies
for couples, are still very attractive.
If you would like a free, no obligation illustration that
is personalized just for you, please contact the NSU Office
of Development, by email at foundation@nsuok.edu
or by phone at 918-458-2143. We will need your birth date,
the value of the gift annuity you are contemplating, and whether
you desire lifetime payments annually, semi-annually, or quarterly.
Another similar giving option is the Charitable Remainder
Trust.
These giving options qualify you as a member
of the NSU Guardian Society.
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Securities and Real
Property
A valuable contribution for both NSU and
the donor is a gift of stock or real estate that has appreciated
in value. The NSU Foundation acquires the appreciated
stock or property that can be liquidated while you receive
a tax deduction equal to the fair market value of
the stock or land. You also avoid paying capital gains tax
on the increase in value.
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Life Insurance
Life insurance is a common way to support
the NSU Foundation. Many people can provide NSU with
a life insurance policy that has a face value that is much
greater than what the donor can afford to give in cash.
By naming the NSU Foundation as owner and beneficiary of the
policy ensures that all future premium payments are tax-deductible.
After establishing the policy, you can either pay the entire
policy, or make annual contributions to the NSU Foundation
for the cost of the premiums.
This giving option qualifies you as a member
of the NSU Guardian Society.
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Endowments
An endowment is a sum of money that is invested,
and only the principle from that money is spent each year.
Endowments can be formed for virtually any program at Northeastern.
This type of gift will essentially last forever. When you
establish an endowment with the NSU Foundation, you
• Enable Perpetual Support
Every year, your endowment provides financial support for
student scholarships or other programs of your choice at Northeastern.
• Ensure a Strong Future
Your endowment permits NSU to look ahead and plan with confidence
because we are guaranteed future cash flows from your gift.
• Enact a Lasting Legacy
Your endowment will outlive you and provide your grandchildren
and their children with a continuing reminder that your values
emphasized the importance of educational opportunities for
our young people.
Endowments with the NSU Foundation can be
made with various levels of funds. You can create an endowment
with just a few thousand dollars.
The State of Oklahoma offers a matching program
for certain endowments including academic chairs, professorships,
and lectureships. The matching gifts from the State of Oklahoma
begin at $50,000.
To learn how to start your own endowment
or receive more information about state matching endowments,
please contact the NSU Foundation at 918-458-2143, 800-722-9614,
ext. 4200, or foundation@nsuok.edu.You'll
be amazed at the options you have and the benefits you will
receive. You'll also learn how easy it is to launch your own
infinite source of support and good will.
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