ENDOWMENT
One of the most important contributions you can give to the College of Education is an endowment. Endow means to make a grant of money providing for continuing support or maintenance. An endowment is simply the donation of funds to a charitable organization, such as the University of Utah, to provide an ongoing source of income for the care or financing of a concern that is close to your heart.

An endowment fund operates like a perpetual interest bearing bank account. Your contribution funds the bank account, and a portion of the interest earned from account is used to support the scholarship. For example, if Jonnie Ute wants to establish a $100,000 endowed scholarship to support a student or professor in the College, Jonnie would contact the College of Education office to set up the guidelines for the endowed scholarship. The Ute Family Endowed Scholarship is set up as a perpetual bank account with a beginning balance of $100,000 (which can be paid over a maximum of five years). When fully established, the $100,000 account will produce interest each year to fund the scholarship. If the endowment account is producing 10% interest through the University endowment investment funds, a portion of the interest earnings is reinvested in the principle account to grow the account and protect it from inflation, while the other portion of the earned interest will fund the Ute Family Scholarship.

This is a simple example. For more information, or to discuss your interest in establishing an endowed scholarship fund, please contact the College of Education.

Contact Us: If you have questions about the best way to make your contribution to the College of Education, please call Joel Kincart, Assistant Dean for Advancement, at 581-8221 and we can talk about various options.



PLANNED GIVING

One of the easiest and most important ways to support the College of Education is by remembering the college with a planned or deferred gift. You can support the College with a living memorial for yourself, your family, or a former coach or friend of the College while you are making the future stronger for future educators. Planned gifts come in all shapes and sizes. You can find more information on planned giving at the University of Utah at http://www.plan.gs/Home.do?orgId=145. Please contact the College to discuss various planned giving options which can benefit you and your family.

Bequests
Gifts through wills and bequests can provide an opportunity to sustain your family name in conjunction with the College of Education. If you have instructions to leave the College a gift through your estate planning program, please let the College office know so we can properly acknowledge your contributions today.

Life Income/Charitable Trusts
Charitable trusts offer an opportunity to make a substantial gift to the college without forfeiting the annual income produced by these assets. You retain income for your life, and the life of your spouse, and the corpus of the trust account is transferred to the college upon the death of the surviving spouse. This gift can also be structured to create a substantial tax break over a period of years.

Through the creative process of planned giving incorporated within your comprehensive estate plans, you can:

  • fulfill philanthropic goals,
  • reduce income taxes,
  • avoid capital gain and estate taxes,
  • retain a life income,
  • increase spendable income,
  • reduce the costs of estate settlement.

You can enjoy the rewards of a planned gift, while also helping the College of Education. Can there be a better equation for a philanthropic gift? For more information about specific planned giving strategies that can help you and the college, please visit http://www.plan.gs/Home.do?orgId=145 or contact us today.

 

 

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