GIFT PLANNING

A planned gift can enable you to support the area that’s most meaningful to you as an alumnus or friend of Case Western Reserve University while providing income and tax benefits to you and your family. Through planning vehicles like bequests or life income gifts, you can address personal financial goals and make a lasting impact for generations to come.

Individuals who have notified the Case Alumni Foundation of their intent to make a bequest or life income gift are welcomed into the 1885 Legacy Society.

Do more than you thought possible by including the Case Alumni Foundation in your long-term plans while achieving your own personal and philanthropic goals. Estate gifts are simple to establish and allow you financial flexibility to adjust your plans depending on your needs. Your support will leave a lasting impact for students, faculty and staff at Case Western Reserve University for generations to come.

Consider five ways to support the Case Alumni Foundation while planning for your future:

1.

Establish a bequest by naming the Case Alumni Foundation as a beneficiary in your will or revocable (living) trust. This is the most common way to support the Case Alumni Foundation through a deferred gift.

The following language is an example of how a bequest to benefit the Case Alumni Foundation may be worded:


I give, devise and bequeath to the Case Alumni Foundation a qualified 501(c)(3) charitable organization located in Cleveland, Ohio, _____ percent of my residual estate (or a specific bequest of $__________ , or other personal or real property appropriately described) for (a specific department, scholarship, program or unrestricted use), to be used in accordance with the terms of the most recent written directive I have signed with the organization, and, if none exists, to be used as directed by the Board of Directors of the Case Alumni Foundation.

2.

Gifts of retirement plans name the Case Alumni Foundation as a primary or contingent beneficiary of a retirement account (e.g. IRA, SEP, 401(k), 403(b), ESOP, etc.). This gift may enable you to make a larger gift than you anticipated because income and estate taxes are not imposed when plan assets are distributed to the Case Alumni Foundation.

 

Your retirement account’s plan administrator/company that manages the account can help you designate the Case Alumni Foundation as a primary or contingent beneficiary on the plan’s beneficiary designation form. Please be sure to send us a copy of any paperwork designating the organization as the beneficiary. 

3.

Testamentary life-income gifts include charitable gift annuities, charitable remainder unitrust or charitable lead trusts and can be funded through your will. While these gift plans will not generate tax savings during your lifetime, they may reduce estate taxes and provide life income for a loved one.

4.

IRA Charitable Rollover – If you are 70½ years old or older, you can take advantage of a simple way to benefit Case Alumni Foundation and receive tax benefits in return. You can give any amount up to $100,000 per year from your IRA directly to a qualified charity such as ours without having to pay income taxes on the money. This popular gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution, or QCD for short.

5.

Gifts of life insurance are an easy way make a gift to the Case Alumni Foundation by naming the organization as a beneficiary of your policy.

Gift Planning Information

The Case Alumni Foundation tax id number is 20-0401095. Explore the benefits of a variety of gift planning options with our planned giving calculator.
GIFT DOCUMENTATION

Please let us know if you have included the Case Alumni Foundation in your estate plans so we know how to fulfill your gift once it ultimately comes to the organization. Complete a confidential Letter of Intent and please contact our staff with any questions you may have.

 

LETTER OF INTENT FORM

The information on this website is not intended as legal or tax advice. For such advice, please consult your attorney or tax advisor.

CONTACT

Emily Speer | Director of Gift Planning and Grants Compliance

emily.speer@casealum.org | 216.368.2044

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