Estate and Planned Giving
Planned Giving once described gifts designated in a person’s will or trust to favorite charity/charities. With complicated tax laws and financial planning tools, Planned Giving now reflects the planning necessary to allow for tax consequences; ensure financial and healthcare for a spouse or partner; provide financially for family members and loved ones during and after one’s lifetime; and more.
Kettering University is equipped to receive and steward planned gifts such as bequests, charitable gift annuities, donation of stocks and appreciated securities, real estate, charitable remainder trusts as well as charitable lead trusts.
Gift Planning Guide
Save time and legal fees by reviewing the Gift Planning Guide before meeting with your estate attorney. Download our Gift Planning Guide.
Cash: Maximize your charitable deductions and provide immediate impact at Kettering with a check or a credit card to make a gift now or over a multiple-year pledge.
Appreciated securities: Receive one of the IRS’s most significant tax benefits for gifts of appreciated securities. You’ll avoid long term capital gains tax AND receive a charitable deduction.
Real Estate and/or Personal Property: Gifts of residential, commercial, farm or undeveloped real estate, books, artwork or equipment will provide the donor with a charitable deduction based on the appraise value of the item(s).
Gifts of Insurance: Make a large future gift with little cost and receive current (and possibly future) income tax deductions by assigning a policy whose coverage you no longer need to Kettering.
Business Interests: Give Kettering an interest in a closely held or family business.
Partnership Interests: Transfer an interest in a Family Limited Partnership (FLP) Limited Liability Company (LLC)
Retirement Plans: Donate your remaining retirement plan assets directly to Kettering or to a Testamentary Charitable Remainder Trust that will maximize your heirs’ inheritance while benefitting Kettering.
Family Lead Trust: Transfer your assets (cash, stock, real estate or other appreciated assets) to a trust that provides income to Kettering University for a period of time, after which the trust assets will go to your family at a substantial savings.
Income Producing Gift Vehicles
A life income gift is unique because your gift supports Kettering University while providing a lifetime income for you and/or your beneficiaries. Part of the gift qualifies for an income tax charitable deduction and, if your gift is funded with appreciated property, you can also benefit from capital gains tax savings.
At Kettering, we can receive and manage income producing gift vehicles such as:
Charitable Lead Trust:
Transfer your assets (cash, stock, real estate or other appreciated assets) to a trust that provides income to Kettering University for a period of time, after which the trust assets will go to your family at a substantial savings.
Charitable Gift Annuity/Deferred Charitable Gift Annuity:
Established after you make an irrevocable gift of cash, securities or other assets to Kettering University, the University, in return, agrees to pay one or two annuitants a fixed sum each year for life. The payment amount depends upon the annuitants (s) age(s) and if the payments begin immediately or are deferred.
Charitable Remainder Trust:
A gift plan defined by federal tax law that allows you to provide payments to yourself or others for life or a term of years while making a generous gift to Kettering University. You irrevocably transfer assets (usually cash, securities or real estate) to a trustee of your choice (Kettering University or a bank’s trust department), and, the trustee invests its assets. Each year, you or other beneficiaries receive a percentage of the trust – either a fixed percentage (Charitable Remainder Unitrust or CRUT) or variable percentage (Charitable Remainder Annuity Trust or CRAT). Payments are made quarterly. When the trust ends, the trust’s principal passes to Kettering University.
Sample Language to share with your advisor and/or attorney when completing your planned gift to Kettering University:
I give and devise to Kettering University, Flint, Michigan that sum of $ to be held (or state percentage of identified assets available for distribution), administered and used by the Board of Trustees for support of Kettering University in the area of greatest opportunity (or designated to a scholarship/department or research area) at Kettering University).
I instruct that all of my charitable gifts shall be made, to the extent possible, from property that constitutes “income in respect of a decedent” as that term is defined in the Internal Revenue Code.
Share Your Intentions
Let us know your wish for how your gift will support Kettering University by completing and sending Kettering's Statement of Intent form to:
ATTN: Planned Giving
1700 University Avenue
Flint, MI 48504
Questions? Please contact:
Senior Director of Philanthropy – Major and Planned Gifts
(800) 955-4464, ext. 9746