Ways to Support Your Passion at KU

WAYS TO SUPPORT YOUR PASSION AT KU

AT KU ENDOWMENT, we want to make giving easy and rewarding We know how to work with donors to help them choose the best methods to meet both their goals and KU’s. Your gift can be as individual as you are — it can match your passion with your goals and needs.

Some donors give outright because they want to enjoy the personal satisfaction of seeing the immediate effect of their gifts. Others prefer deferred gifts, which allow for flexible and creative approaches and can increase the size of their gifts.

You may combine outright and deferred gifts to enjoy the benefits of both and to increase the benefits your investment brings to KU. Ultimately, your generosity will help KU achieve its aspirations. Regardless of which methods you use, 100 percent of your donation will go toward the purpose you choose.

OUTRIGHT GIFTS Cash This is the easiest and most common way donors give to KU Endowment for the benefit of KU. The options are: • Give online at kuendowment.org/givenow.

It’s fast, simple and secure.

Gift Processing Department KU Endowment PO Box 928 Lawrence, KS 66044-0928 When making a gift by check, please remember to include a gift card or a note indicating your gift’s purpose.

• Give by phone. Please call 785-830-7576 to give your credit card information over the phone.

• Give via wire transfer. Please call 785-832-7325 so we can assist you.

While cash gifts are always appreciated, you may also decide that outright gifts of securities or real estate offer benefit to you and your family as well as to KU.

We love the idea that with the nurse navigation program, the patient really feels connected to the doctors and to the cancer center. You have somebody with you to hold your hand, HELPING YOU ALONG THE WAY. There are so many questions and you’re so scared in the beginning.

— Tom, ’80, and Teresa Walsh, who provided major support for the cancer nurse navigation program at The University of Kansas Hospital

www.kuendowment.org/givenow

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• Give by mail. Gifts made by check should be payable to KU Endowment and mailed to:

Securities Rather than selling your appreciated securities and donating the proceeds, consider transferring them to KU Endowment for KU’s benefit. This is likely to increase the value of your gift, because you will not incur sales expenses and your transfer will not generate a taxable capital gain.

If your securities have decreased in value since you acquired them, it may be to your advantage to sell them, report the capital loss deduction and donate the proceeds.

Charitable IRA Rollover Gifts Outright gifts of up to $100,000 tax-free can be made directly from your Individual Retirement Account (IRA) to KU Endowment, thanks to passage of the 2015 Protecting Americans from Tax Hikes Act. Known simply as the IRA charitable rollover provision, this new law has made this direct transfer a permanent gift option for donors age 70½ or older. This charitable transfer also counts towards the annual required minimum distribution requirements for your IRA.

DEFERRED GIFTS You may be able to create more opportunities, and give more back to KU, than you think possible.

The key is careful planning. In essence, deferred gifts are planned now to benefit KU later.

Deferred gifts integrate your charitable goals with your financial, tax and estate planning goals.

These gifts can reduce taxes on your income and estate, resulting in a larger gift. Many deferred gifts bring additional advantages, such as steady, secure income.

Wills and Trusts

Naming KU Endowment as a beneficiary of your will or trust (with what might be commonly referred to as a bequest) can be a powerful expression of your faith in the future of KU. These gifts are the most common form of deferred gift. They provide significant future support to the university while allowing you to retain the flexibility to update your plans as circumstances change. These gifts may be

Donor-Advised Funds If you want to simplify and consolidate your charitable giving while directing disbursements to KU Endowment and other charitable organizations, consider establishing a donoradvised fund through KU Endowment’s Charitable Gift Fund. These funds allow donors to benefit KU and their other favorite charities, and also provide an excellent way for families to build a tradition of philanthropy.

Real Estate These gifts, which are potentially quite beneficial to KU, include residences, vacation homes, farms, ranches, commercial property and undeveloped land. Property can be used to make outright or deferred gifts.

Call or go online for more information about making outright gifts — see the inside back cover.

www.kuendowment.org/giftplanning

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It’s important for our students to have the opportunity to experience different cultures and attitudes. IT MAKES THEM MORE CAPABLE OF WORKING IN TODAY’S MARKETPLACE. — Don Faught, ’73, who has both given outright and made a deferred gift plan to support international studies by students in the School of Engineering

stated as a specific amount, as a percentage or as the residual of your estate. They can create a fund that is either expendable (for immediate use) or endowed (to provide support in perpetuity). An endowed scholarship, for example, will help generations of students.

To arrange a bequest through your will or trust, simply include the following language: “I, [name], of [city, state, ZIP], give, devise and bequeath to The Kansas University Endowment Association [specific amount, percentage or residual of the estate, or description of specific property].” You may define the uses of your bequest generally or specifically. For example, you can add: “The Endowment Association shall use this gift ...” and complete the sentence in general terms, such as: “... according to the terms in the Fund Administration Agreement I have executed with KU Endowment.” “... where the need is greatest.” “... to provide scholarships to worthy and needy students.” “... for the [school or program of your choice].” “... for research in [academic area of your choice].”

All types of assets, including cash, securities, real estate and tangible personal property, may be transferred to KU Endowment through your will or trust.

www.kuendowment.org/givenow

Retirement Plan Assets Consider naming KU Endowment as one of the beneficiaries of your IRA, 401(k), 403(b), pension or other retirement plan. Retirement plans, when passed on to heirs, incur heavy tax penalties, because these assets face double taxation. Not only is the amount of the plan reduced by estate taxes, but the recipient may also pay federal and state income taxes.

Naming KU Endowment as a full or partial beneficiary avoids all income and estate taxes on those retirement plan assets. To designate KU Endowment as a beneficiary, advise your retirement plan administrator of your decision and complete and sign a change of beneficiary form.

Life Insurance and Commercial Annuities You can name KU Endowment as a full or partial beneficiary for a percentage or specific amount of your policy. Similarly, you can name KU Endowment as a beneficiary of a commercial annuity. Contact us to learn how these charitable gifts can impact KU.

Pay-on-Death Designations Did you know you can name KU Endowment as a pay-on-death beneficiary of a savings, checkings or money market account? It is easy and there are no costs involved. Simply contact your personal banker at your bank to set it up.

Retained Life Estate Many of our friends can’t imagine living anywhere but their current homes. Many would also love to make a major gift to KU Endowment but don’t have the means to do so today. With a retained life estate, you can deed a personal residence or farm to KU Endowment now — but retain the right to occupy the property for life. You continue to pay real estate taxes, maintenance fees and insurance on the property.

After your lifetime — and the lifetime of your spouse or another person you choose to retain rights to live in the home — KU Endowment takes possession of the property.

Let Us Know If you have designated KU Endowment as a beneficiary of a deferred gift, please let us know so we may recognize you and ensure that we understand what you want to accomplish with your gift. The Elizabeth M. Watkins Society recognizes individuals who have developed estate plans with KU Endowment. If you prefer to remain anonymous, we will keep your intention completely confidential.

DEFERRED GIFTS with LIFE INCOME Life income gifts can be funded through gifts of securities, cash, real estate or other assets during your lifetime, or through your will or trust to provide for a loved one after your death.

These gifts provide life income for you and/or a beneficiary(ies).

The remaining assets of the gift eventually flow to KU Endowment for whatever purposes you designate at KU. If you hold highly appreciated but low-yield stocks that you rely on for income, consider using them to fund a charitable gift annuity or a charitable remainder trust to boost your returns.

Charitable Gift Annuities If you would like to secure steady income for yourself while providing a significant gift to KU, consider establishing a charitable gift annuity.

In essence, this is a contract between you and KU Endowment stating that, in exchange for your gift, we agree to pay you, and/or another beneficiary, a fixed dollar amount annually for life. Part of that income may be tax-free, or taxed at the more favorable capital gains tax rate, depending on the asset you select to fund the annuity.

The annual payment amount is based on the age of the income beneficiary(ies) at the time of the gift. At the death of the last income beneficiary, KU Endowment will use the remaining principal in accordance with the terms you have established for your gift.

www.kuendowment.org/giftplanning

Deferred Gift Annuities If you like the idea of a fixed income from a charitable gift annuity, but would prefer not to receive income immediately, you can establish a deferred gift annuity. This allows you to make an immediate gift and set a future date to begin receiving income. By deferring income for a year or more, you will earn a higher gift annuity rate and gain a higher tax deduction.

Charitable Remainder Trusts When you create a charitable remainder trust, you irrevocably transfer assets to a trust that will then pay you income for life, or for a period of years.

These trusts typically pay out between 5 and 7 percent to the beneficiaries for their lifetimes or a set number of years. KU Endowment has a specialized program of charitable remainder trust investment management and administration, and will serve as the trustee of the trust.

More about life income gifts If you are interested in any of our life income gift options, we encourage you to visit first with one of our professional staff members. We will be happy to work with you and your financial or legal advisers without obligation to explore various gift opportunities.

— Richard Schiefelbusch, ’47, KU distinguished professor emeritus of speech, language and hearing, a donor along with his wife, Ruth Schiefelbusch

www.kuendowment.org/givenow

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I think we underestimate or maybe misinterpret what wealth is. We assume that it is having money.

BUT REAL WEALTH IS HAVING MONEY AND EXERCISING THE OPPORTUNITY OF GIVING.

GIVING STRATEGIES AND BENEFITS Whatever your objective, the chart below shows a variety of ways to meet both your financial and philanthropic goals while supporting the area(s) at KU important to you.

IF YOU WANT TO:

YOU SHOULD:

BENEFITS TO YOU:

Give quickly and easily

Donate cash or securities

Bypass capital gains tax; income tax deduction

www.kuendowment.org/givenow

OUTRIGHT GIFTS

www.kuendowment.org/securities

Make an outright gift from your IRA

Contact your IRA administrator to make a gift directly from your IRA account to KU Endowment

Reduces your income and counts toward the annual required minimum distribution from your IRA

Support KU but benefit other charities too

Establish a donor-advised fund in the KU Endowment Charitable Gift Fund with an outright gift of $250,000 or more

Administrative convenience; cost savings; tax advantages

Gift a farm, home or other real estate

Donate the property to KU Endowment

Bypass capital gains tax; income tax deduction

Make a revocable gift during your lifetime

Name KU Endowment as a beneficiary in your will or revocable living trust

Lifetime control of assets; possible estate tax savings

Gift proceeds of a life insurance policy or commercial annuity

Name KU Endowment as a beneficiary

Possible estate tax savings

Avoid double taxation on retirement plan assets passed to heirs

Name KU Endowment as a beneficiary of your retirement plan assets

Avoids heavily taxed gift to heirs while providing for KU

Give your personal residence or farm, but continue to live there

Establish a retained life estate; ownership of your home passes to KU Endowment, but you retain occupancy

Lifetime use of home; income tax deduction

Supplement your income while providing for KU’s future

Enter a charitable gift annuity contract with KU Endowment, under which we’ll pay you a fixed amount annually

Guaranteed fixed annual payments for life; income tax deduction

LIFE INCOME GIFTS

DEFERRED GIFTS

www.kuendowment.org/bequest

www.kuendowment.org/annuities

Create lifetime security for yourself or loved one while providing for KU

Establish a charitable remainder trust, Lifetime annual income; which pays you income annually income tax deduction

For more information, please contact our Office of Gift Planning at 785-832-7400.

www.kuendowment.org/giftplanning

KU ENDOWMENT

Established in 1891 as America’s first foundation for a public university, KU Endowment is privileged to help the University of Kansas and The University of Kansas Hospital achieve their place among worldclass institutions. We are the official foundation for raising and managing private funds on behalf of KU; we also serve as the philanthropic partner of The University of Kansas Hospital. Our mission is “To partner with donors in providing philanthropic support to build a greater University of Kansas.”

Support from loyal alumni and friends provides a margin of excellence, enabling students, faculty, physicians and staff to engage in innovative programs, education, research and patient care. You can find additional information about KU Endowment or about any of the information outlined in this brochure by visiting our website at kuendowment.org or by contacting us for help in finding the most appropriate giving strategy to meet your goals.

LAWRENCE AND EDWARDS CAMPUSES Phone: 785-832-7400 Toll free: 800-444-4201 KU MEDICAL CENTER Phone: 913-562-2700 Toll free: 888-588-5249 KU SCHOOL OF MEDICINE-WICHITA Phone: 316-293-2641 THE UNIVERSITY OF KANSAS HOSPITAL Phone: 913-588-1435 www.kuendowment.org