Planned Giving
Your Gift. Your Legacy.
Creating a giving legacy is most likely much easier than you think. With some forethought, you can include a gift to SVSU in your estate or financial plans, advancing the University’s mission while providing tax benefits to you. Planned giving offers many options to help donors meet their philanthropic goals. Following are three of the most common planned gifts:
Simple Bequest. Naming the Saginaw Valley State University Foundation in your will and pledging a specific dollar amount or a percentage of your estate is the most common planned gift. Pledging a percentage of your estate has become more popular in recent years due to the uncertainties surrounding life expectancy and the cost of living.
Sample language for making a gift to SVSU is provided below. We recommend that you consult with an attorney before making changes.
Life Insurance. Make a gift of a fully paid life insurance policy or purchase a new policy and gift it to the Foundation. An annual gift equal to the insurance premium of the new policy will keep it in place and provide significant support in the future.
Charitable Gift Annuity. This is a unique giving option that allows donors to receive income for life. Gift annuities offer significant tax advantages, a lifetime income stream and most importantly, an opportunity for donors to have a long-term impact on the University. The residual value of the annuity funds the scholarship or program designated by the donor.
Regardless of the planned giving tool you choose, your gift will support the future of SVSU, our students and this region.
For more information on planned giving, please call the Foundation at (989) 964-4052. Your tax advisor or attorney can help you maximize the benefits of your gift.
Sample Will and Trust Language
I give to Saginaw Valley State University Foundation, 7400 Bay Road, University Center, Michigan 48710, a Michigan constitutional corporation, (a) the sum of $___________, or (b) ________ number of shares of ______________ corporation to be used as the University may determine.
I give to Saginaw Valley State University Foundation, 7400 Bay Road, University Center, Michigan 48710, a Michigan constitutional corporation, (a) the sum of $______________, or (b) __________ number of shares of ______________ corporation to be used for the benefit of Saginaw Valley State University Foundation in accordance with the most recent agreement on file with the University or for a specific department or use (for example, the University General Scholarship Fund).
I give to Saginaw Valley State University Foundation, 7400 Bay Road, University Center, Michigan 48710, a Michigan constitutional corporation, (a) all or (b) __________% of the residue of my (a) probate estate or (b) trust estate to be used (a) for the benefit of Saginaw Valley State University Foundation as the University may determine or (b) for the _____________________ [state specific use]; provided if such use, in the judgment of the University is or shall become impracticable, then for such purpose(s) as the University shall determine.
If the preceding provisions fail to effect a complete distribution of any portion of my probate estate, then I give ______% of my estate to Saginaw Valley State University Foundation, 7400 Bay Road, University Center, Michigan 48710.
If the preceding provisions fail to effect a complete distribution of any portion of my trust estate or any trust estate, then the Trustee shall distribute my estate to Saginaw Valley State University Foundation, 7400 Bay Road, University Center, Michigan 48710.
CONTACT US.
Foundation
Wickes Hall 398
foundation@svsu.edu
(989) 964-4052