Ways to Give

A variety of convenient means can be used to make a gift to Millersville University. The most frequent methods are:

Cash                 Appreciated Assets           Individual Retirement Accounts

Bequests          Life Income Gifts

Cash/Credit Card/Check

Gifts of cash, by credit card or by check can be directed to an existing fund or to the creation of a new fund. Capital and current use gifts are made to Millersville University. Such gifts to support endowments are held by the Millersville University Foundation.

Appreciated Assets

If you have owned a home or securities for a long time, a charitable gift using these assets may be advantageous. You may be able to avoid or reduce capital gains tax while realizing a significant charitable contribution based on the current market value with an outright gift. You may also make a gift of your personal residence and reserve the right to live in the house for your life (and, if applicable, the life of your surviving spouse). Through such a life estate arrangement, you would continue to be responsible for the real estate taxes, insurance and upkeep but be entitled to a current income tax deduction for a portion of the current value of the property.

Individual Retirement Accounts (IRAs)

The IRA Charitable Rollover has been extended by Congress through December 31, 2009.  As a donor you may transfer funds (or roll them over) from your Individual Retirement Account to a charitable organization.    This allows you to make this gift exempt from taxable income.

What you need to know:

  • The donor must be 70 ½ or older
  • The cap on the rollover is $100,000 per person
  • The gift must be a direct gift to charity (not carried through as a planned gift)

Bequests

Where there's a Will, there's a Way

One of the simplest and most meaningful types of estate gift, is a bequest. This type of gift will have a direct impact on the students and programs of the University, while having no impact on your current assets. A gift in the future, planned for and discussed today, ensures that the University can carry out your intentions. By designating the University as one of your beneficiaries, either through a percentage or specific dollar amount, you may restrict your gift for a specific purpose or allow it to be used for unrestricted endowment purposes.

Life Income Gifts

You can support Millersville University's students and programs and retain an income for yourself or loved ones. To find out which type of gift may be right for you, click on the gift calculator on the left hand side of this page. Vehicles for such gifts include:

Charitable Gift Annuity

A great opportunity to support the students by making a gift to the University today and receiving income for life. The Charitable Gift Annuity (CGA) permits you to take a current charitable deduction based upon a percentage of the gift you made and then provides you with consistent income at a specific percentage amount. Your ultimate gift for the students can be designated toward an area that has meaning for you, or allow it to be used where it is most needed.

Charitable Remainder Trust

A Charitable Trust is created when assets are transferred to a trust and payments are received for a period of years or for the individuals’ lives. Once you have made your gift, the trust pays you income for the rest of your life, or the life of another, if you desire. When you contribute assets to a trust, you determine what percentage of the trust’s fair market value you would like to receive as income. There are several options in establishing a trust:

  1. Annuity Trust (CRAT): payment amounts are agreed upon at the time the trust is created and do not vary from year to year. Upon the death of the last beneficiary, or at the end of the term of years, the trust terminates and the trust assets are transferred to the Foundation.
  2. Uni-trust (CRUT): trust assets are valued annually and an agreed upon percentage payment is calculated. Upon the death of the last beneficiary, or at the end of the term of years, the trust terminates and the trust assets are transferred to the Foundation.
  3. Lead Trust (CLT): the donor creates a trust which pays an income to the University for a period of time then the assets are passed to family members.