Two Ways to Create Your College of Media Legacy
Creating a charitable legacy sustains the causes you care about, shares your values, and inspires others in our community. Here are two legacy strategies you can consider to support the College of Media.
1. A gift in your will or revocable living trust
Known as a bequest, the language below can be provided to your attorney to include in your will or living trust.
SAMPLE GIFT LANGUAGE:
“I leave [$x/x%/# of shares/residue] to the University of Illinois Foundation, a not-for-profit corporation (Tax ID 37-6006007) located in the State of Illinois, to support the University of Illinois Urbana-Champaign College of Media.”
2. A gift of your retirement plan assets or other beneficiary designation assets
You can name the University of Illinois Foundation (Tax ID 37-6006007) for the benefit of the College of Media on the beneficiary designation form for your retirement account (IRA, 401(k), 403(b) and other tax-deferred plans), donor-advised fund (DAF), brokerage account, or life insurance policy. This beneficiary designation can be for a percentage or the total of your account’s final value. After your lifetime, your gift will support students for generations to come.
To learn more about tax-wise ways to give, including gifts that pay you income anda funding opportunity using an IRA qualified charitable distribution to establish a charitable gift annuity or charitable remainder trust, contact Deanne Johnson, senior assistant dean for advancement, at 217-333-0752 or jhns@illinois.edu; or Judy Schneider, UIF director of gift planning, at 217-244-3351 or judiths@uif.uillinois.edu.
This material is provided for general information and educational purposes. The University of Illinois Foundation is the official gift-receiving arm of the University of Illinois and is a 501 (c) 3 charitable organization with EIN 37-6006007. UIF does not provide tax, legal, or accounting advice. Please consult with your tax and financial advisors regarding your personal situation.