Will or Living Trust
Bequests made through a donor’s will or living trust are the most common form of deferred gifts (meaning Witt will experience the ultimate benefit from the gift and assets after the donor no longer needs them). These gifts are easy to execute and make a lasting impact on Witt. Supporting Witt with a planned gift is a great way to ensure that our community remains strong for years to come.
We’ve partnered with FreeWill: a free estate planning resource to help you write your legally valid will and create other important estate planning documents.
Already made a gift to Witt in your will or trust? Please fill out this form so we can keep our records up to date and thank you for your generosity!
Did you know that there are additional assets not covered in a standard will or trust? If you have an IRA, 401(k), life insurance policy, or any additional accounts, these are called
“non-probate assets” and they need to be planned for separately.
Providing for Witt by naming us as beneficiary of an IRA or qualified retirement plan is generally considered the most tax-advantaged way to leave a gift. This is because Witt is not subject to the federal income tax or estate tax liabilities of noncharitable beneficiaries. Witt receives the full fair-market value of the funds to direct to our mission.
Using this online tool, you can log all of your assets, name Wittenberg University as a beneficiary to inspire the next generation, and receive printable instructions on how to set each one up with your broker.
Naming Witt as the owner and beneficiary of a paid-up insurance policy may be a wonderful way to make a gift that far exceeds the original investment. While policy types and benefits vary widely, donors who find themselves with a policy that is no longer needed may also be in a position to do great things for Witt’s mission.
Charitable Gift Annuities and Charitable Remainder Trusts
Donors who establish a charitable gift annuity or charitable remainder trust with Witt will not only enjoy the satisfaction of making a wonderful gift to support our mission; these gifts also provide a lifetime stream of income to the annuitant, donor or other beneficiary before going on to support our good work once the assets are no longer needed. In addition to a lifetime stream of income, these gifts offer up-front benefits such as current charitable income tax deductions and favorable tax treatment. Please contact us for additional details.
This information is intended for illustration and educational purposes only and should not be construed as legal, accounting or financial advice. Please consult your professional advisor for more information about how these gifts may apply to your personal situation.
Want to learn more about making a gift to Wittenberg? For additional information or to speak directly with someone on our team, please contact us.