Give and get back. Here are seven ways to leave a legacy to Ben-Gurion University of the Negev.

Finding the right planned giving vehicle depends on a number of factors, including your age, marital status and heirs, as well as the size of your estate and your current and future income needs.

These planned giving options will enable you to make charitable gifts to AABGU, while at the same time allowing you to accomplish your financial goals.

Charitable Bequests

Leaving a gift to AABGU on behalf of BGU in a will or trust is the most common and easiest option. You may designate an amount to support specific educational and research interests, or allow the University to use it where it is needed most. Charitable bequests qualify for a 100 percent charitable deduction for estate tax purposes.

Sample language for leaving an unrestricted general bequest:

I bequeath to American Associates, Ben-Gurion University of the Negev, Inc., 1001 Avenue of the Americas, New York, New York 10018, the sum of ($) (Dollars) for its general charitable and educational purposes.

Charitable Gift Annuities

An AABGU Charitable Gift Annuity is a wonderful way to support BGU in the future while receiving high, fixed-rate lifetime income now. Gifts of cash, marketable securities or other property, including real estate may be made in exchange for a fixed-rate lifetime annuity for one or two individuals.

A portion of the gift is deductible as a current charitable gift, and a substantial portion of the annual annuity may be paid tax-free. AABGU’s gift annuity rates are among the highest in the country.

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Gifts of Real Estate

Outright gifts of real estate qualify for an appraised value charitable deduction for income tax purposes and avoid any long-term capital gains taxes. You may also transfer your primary or secondary residence by deed to AABGU, reserving the right to live in the property for life.

The latter allows you to receive an immediate income tax charitable deduction for the present value of the charitable remainder interest in the property, while avoiding probate and estate tax on the property at the time of death.

Gifts of Life Insurance

Transferring a new or existing life insurance policy into the ownership of AABGU entitles you to a charitable deduction in the year of the transfer for a calculated value of the policy.

If you make contributions to AABGU to pay policy premiums, those amounts are fully deductible for income tax purposes in the years the contributions are made. You may also make AABGU a full or partial beneficiary of a life insurance policy you will continue to own

Gifts of a Pension, a Retirement Plan or an IRA

When you make AABGU the primary or partial beneficiary of your pension plan, retirement plan or IRA (401k, 403b) after your passing, both income and estate taxes may be avoided.

The plan’s assets can be used to establish a charitable remainder trust that will provide benefits for your spouse or other heirs as beneficiaries of the trust’s annuity payments, thereby reducing estate and/or income taxes otherwise charged to the plan at the end of the owner’s lifetime.

Charitable Remainder Trusts

When you begin to consider ways to preserve your estate for retirement, or when you are faced with a capital gain that will result in substantial taxes, you may want to consider establishing a charitable remainder trust (CRT) with AABGU. A CRT lets you commit funds for AABGU in the future while preserving your financial security now.

A CRT is irrevocable, is usually funded with appreciated assets to avoid tax on the capital gain, and may provide substantial financial, tax and estate-planning advantages, including fixed-rate payments for life.

Gifts of Art and Other Collectibles

Contributions of art are deductible at their appraised value as a charitable contribution if the art is used by Ben-Gurion University for educational purposes or displayed in a gallery or other public space. When art is contributed to AABGU, the donor is not required to recognize or pay tax on any long-term capital gain.

To start the conversation with us, contact the AABGU regional director in your area.
Or call AABGU’s planned giving team leader at 800-962-2248 ext. 1400 or e-mail plannedgiving@aabgu.org