Tax Wise Gifts
When left to Yo San University , assets in traditional retirement plans such as 403(b) and 401(k), IRA, Keogh, or tax –sheltered annuities can avoid income and estate taxes that would be due if they were left to heirs. You can designate Yo San University as a beneficiary of your retirement plan through a beneficiary designation form.
If you are over age 59, you may find it advantageous to make an annual charitable gift from your retirement plan. You may qualify for a charitable income tax-deduction while saving estate taxes. The laws regarding the use of retirement plan assets for charitable gifts change frequently. Contact YSU to request information on the most recent regulations.
Life Insurance Policies:
You can easily name Yo San University as beneficiary of a life insurance policy. In addition, if you name Yo San University a owner and beneficiary, you qualify for a charitable deduction for the cash value of the policy. You can also receive a charitable deduction on any remaining premiums you pay. Contact YSU for suggestions on ways a life insurance policy can help you make a meaningful charitable gift to help secure the future of Yo San University.
Appreciated securities (stocks, bonds, mutual fund shares, etc.) make excellent charitable gifts. When you donate appreciated securities or mutual fund shared that you have owned for more than one year, you are entitled to a charitable income tax deduction for the full fair market value (up to 30 percent of your adjusted gross income) at the time the gift is completed. You also avoid capital gains taxes that would be due if you sold the securities. Contact YSU for assistance in transferring securities or mutual fund shares to Yo San University.
Savings Accounts and Certificates of Deposit:
One of the most convenient ways to benefit Yo San University is through your savings plans, including savings accounts, certificates of deposit, and other savings arrangements. You simply make Yo San University a joint owner of the account with rights of survivorship only. You remain in complete control of the account. You can withdraw the money, change the survivor designation or close the account at any time, thereby revoking the arrangement. YSU has no claims on the account until after your death.
Employer Matching Gifts:
Many employers will match the charitable contributions made by their employees. If your employer has a matching gift program, you may be able to double or even triple your donations to Yo San University. Your human resource department will provide you with the matching gift form required by your company. Simply complete the form and enclose it with your donation. Take advantage of a benefit provided by your employer and maximize the impact of your gifts to Yo San University.