There are many different forms of planned giving, from simple bequests, to more complicated trust agreements, all of which are designed to best meet your goals and individual situation. Should you wish to discuss or learn more about Planned Giving, please call 412-383-8756.
You provide now for a future gift to the Foundation, by including a bequest provision in your will or revocable trust. If you have added, or plan to add, The Eye & Ear Foundation in your will or revocable trust, please contact us for the appropriate language in order to make sure your wishes are observed.
Charitable Gift Annuity
Immediate: The transfer of cash or securities to the University of Pittsburgh, who will pay you, or an annuity you name, whereupon the remaining principle will pass to the Eye & Ear Foundation when the contract ends.
Deferred: The transfer of cash or securities to the University of Pittsburgh, who will pay you starting on a specified date, fixed annuities for life. Upon the end of the contract, the principle will pass to the Eye & Ear Foundation.
Charitable Gift Annuities can be complicated, and we suggest if you are interested in creating one, to contact us at (412) 383-8756 for a more detailed explanation of the process involved.
Charitable Lead Trust
When you contribute a principle to a charitable lead trust, the trust will make annual payments to the Eye & Ear Foundation for a fixed period of time. At the termination, the remaining principle is paid to your designated heirs.
Remainder Annuity Trust
A principle is transferred into a trust, which makes fixed annual payments to you or named beneficiaries. Upon termination of the trust, the remaining principle goes to the Eye & Ear Foundation.
If you transfer a principle or appreciated property into a trust, it will pay a percentage of the principle value, which is re-valued annually, to you or designated beneficiaries. Upon termination of the trust, the remaining principle passes to the Eye & Ear Foundation.
A paid in full life insurance policy that was purchased years ago may be an asset that you could use to benefit the programs at the Eye & Ear Foundation. This can easily be accomplished by contacting the company issuing the policy and changing the beneficiary.
Many donors also consider using proceeds from a retirement account, either through a current disbursement directly to the Eye & Ear Foundation or by making the Foundation a full or partial beneficiary of the remaining amount upon death. This, too can be done by simply contacting the company that manages the retirement account and changing the beneficiary form.
Testamentary Life Income Gifts
In your will, it can designate a bequest to the Eye & Ear Foundation. Create a provision that the bequest first create a life-income gift benefiting your designated heirs. Upon the conclusion of their income interest, the remaining balance in the gift passes to the Eye & Ear Foundation.
If you have any questions or concerns regarding a planned gift you wish to make, please do not hesitate to contact us for more information. More detailed descriptions, including graphics and listed benefits, of the various planned gifts can be found on the University of Pittsburgh's planned giving website.