There are many other creative charitable giving vehicles that can factor into estate planning with benefits for both the donor and Lawrence University. While these types of gifts can be very advantageous for the individual and the college, the issues surrounding them are often complex, and it is important to involve Lawrence’s Development Office early in the process.
Life Insurance
Billions of dollars of life insurance are in force nationwide, but not all policies continue to serve a useful purpose for their owners. For many individuals, a change in circumstances or the death of a beneficiary leaves them holding life insurance policies that may be a resource for philanthropy.
Gift of Partnership Interests
An outright contribution of a partnership interest, general or limited, could provide the donor with a valuable income tax deduction. Because gifts of partnership interests raise complicated tax and investment questions, it is important to discuss such gifts with qualified professional advisors.
Family Limited Partnerships
The family limited partnership represents a way for a stock owner in a closely held corporation to arrange for the orderly transfer of stock to the next generation at substantial estate and gift tax savings. Because these arrangements raise complicated tax and investment questions, it is important to discuss such gifts with qualified professional advisors.
For more information, please click here or contact the Office of Major and Planned Giving, 920-832-6551.
