Mayville State Home
Alumni and Friends
    - Giving
    - Alumni Directories
    - Alumni Chapters
    - Alumni Services
    - Awards
    - Update your information

Planned Giving

Effective gift planning is an important element of sound financial management. Planning a gift requires a thoughtful approach and careful consideration of financial resources and how a gift will affect the donor’s income, current taxes, and estate taxes. Through effective gift planning, a donor can achieve both.

As a donor, you will help to ensure the quality education that promotes informed leadership and commitment to service among Mayville State’s students now and in the future. A gift to Mayville State University also offers an opportunity to consider your special interests and your particular financial needs.

Methods of Giving and Support

In order to pattern your gift in a manner that meets your particular needs as well as those of Mayville State University, we encourage you to consult with your attorney, bank trust officer, accountant, tax consultant and/or other financial planners who are familiar with your particular situation. A member of the MSU Foundation staff will gladly assist you in developing and executing your giving plans.

Gifts of Cash • Gifts of cash may be made in one transaction, in several installments, or on an annual basis. If your employer is a matching gift company, you may double or triple the dollar value of your gift to Mayville State University.

Gifts of Securities • Appreciated stocks, bonds, closely held stock in family businesses, or other property may be given to Mayville State University. The value of a gift of stock is determined by its market value on the date the gift is transferred to the University.

Gifts of Real Estate • Real estate given as an outright or planned gift may provide a convenient way for you to support Mayville State University. The appraised value of an outright gift of real estate at the time of its transfer of ownership determines the amount of credit you receive toward your commitment. A life estate agreement between you and Mayville State makes it possible to give your home or farm to the University and retain the right to live there for life.

Bequests • Bequests are the most popular form of planned giving. With a bequest, you make a provision for Mayville State University in your will, designating either a dollar amount, a particular item, or a percentage of your estate. One of the most prudent ways of providing for the University through your will is to leave a percentage of the residue of your estate to Mayville State University. Since bequests are moved from the assets of your estate, your estate taxes are reduced accordingly. Bequests should be drawn and executed with your attorney’s advice.

Gifts of Life Insurance • When Mayville State University is named as owner of a policy and/or the irrevocable beneficiary, the cash surrender value of the policy is deductible. Gifts of paid up policies are allowed a deduction equal to the replacement cost. Also, all premium payments are tax deductible. Life insurance used in conjunction with a charitable remainder trust makes an attractive method for more than doubling the amount of inheritance you have to leave your heirs and Mayville State University.

Charitable Remainder Unitrusts • A charitable remainder unitrust allows you to receive an income for life, receive immediate income tax deductions, reduce the size of your estate, and consequently, save on your estate taxes, and when it matures, make a contribution of the trust principal to Mayville State University. If you desire, another beneficiary of your choice is eligible to receive this income. Your income is determined by a fixed percentage of the annual valuation of the trust assets. The rate of return is agreed upon by you and Mayville State. A Wealth Replacement Trust will enable you to leave more of your estate to your heirs than they would otherwise receive, to realize greater tax savings, to guarantee an income for life, and to make a significantly larger gift to Mayville State than you could have if you hadn’t involved the University in your estate planning.

Annuity Trusts • When you set up an annuity trust you are guaranteed a fixed dollar income each year based upon an agreed payout rate. As with all trusts, you may designate the intended use of the remainderment which is your gift to Mayville State University.

Gift Annuity • One of the most accommodating forms of planned giving available is a gift annuity. By transferring a specified amount of funds to the University, you will in return receive an income for life and an immediate tax relief.

Contact Information