Ways
to Give
Support for Northeastern and
the NSU Foundation comes in many forms. Flexible options allow
you to demonstrate your commitment and maximize your support
of the University’s
mission. All gifts to the NSU Foundation are tax-deductible.
Gifts of Cash
Gifts of Securities or Real Property
Gifts-in-Kind
Charitable Gift Annuities
Charitable Remainder Trust
Life Insurance
Wills and Trusts
Types of Charitable Bequests
Lasting Legacy
Gifts of Cash
Cash is the most common form of gift that comes to the
NSU Foundation. Your gift of cash, like other gifts, can be directed
to a fund, specific scholarship or program. Make your check payable
to "NSU Foundation, Inc." or download our automatic
bank draft form here.
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Gifts
of Securities or Real Property
Contributions of stock or real estate with appreciated
value are another way to lend support. When the NSU Foundation
acquires your gift of appreciated stock or property, you receive
a tax deduction equal to its fair market value and avoid costly
capital gains tax on the increase in value.
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Gifts-in-Kind
Your donations of software, licenses, services, vendor products,
and other property also support the mission and programs of
NSU. These gifts-in-kind allow us to use our resources for
other needs while you get a credit for your support. Contact
us for guidelines and acceptance policy regarding gifts-in-kind.
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Charitable
Gift Annuities
A deferred gift, such as a charirable gift annuity,
is a great way to make a significant contribution. In exchange
for your gift of cash or property, the NSU Foundation guarantees
you a lifetime of income.
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Charitable
Remainder Trust
Your charitable remainder trust can be funded during your lifetime
or through a testamentary disposition. Each provides life income
for designated beneficiary(ies), which can include you.
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Life Insurance
Naming the NSU Foundation as the owner and beneficiary
of your life insurance policy is also an option, especially when
your policy has a face amount that is much greater than the amount
you can afford to give in cash. This ensures that future premium
payments made by you are tax-deductible. Pay the entire policy,
or make annual contributions to the NSU Foundation for the cost
of premiums.
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Wills
and Trusts
The NSU Foundation can also be named as beneficiary
in the wills and trusts of Northeastern alumni and friends. You
can elect to leave all or part of an estate to benefit the University.
The NSU Foundation Guardian
Society honors individuals with outstanding discernment—a special group of visionaries
who look beyond the here and now to the then and there. This "Hall
of Fame," as it is often called, includes friends of Northeastern
who are heroes to the students whose lives are changed through
their generosity.
By naming the NSU Foundation in their wills, these
individuals have designated all or a portion of their estate
to be used for endowment or other special purposes. Honorees
also include those who have arranged a charitable gift annuity
with the NSU Foundation. These philanthropic Hall of Famers are
sharing their assets with NSU, while maintaining an economic
stream for their lifetime.
Members of the Guardian Society include donors
who have placed major assets in a charitable trust, to meet personal
income needs in their lives, and to benefit the NSU Foundation
in the years ahead. They deserve a standing ovation for their
foresight.
Other members have made the NSU Foundation a beneficiary
of their life insurance or retirement plan accounts. These donors
invest in the future of Northeastern, and in doing so, reaffirm
their commitment to permanence.
It's not the amount an individual
gives that earns a place in the NSU Foundation Guardian Society.
Rather, it is the uncommon discernment that comes with seeing
tomorrow’s
needs and acting today.
Let us induct you into our planned giving Hall
of Fame. We want to honor you and count you among these worthy
members of the NSU Foundation Guardian Society.
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The Ultimate Gift
Wills And Estate Planning
The will is the most widely used estate-planning tool
in America today. Asimple document that is easily drafted and
updated, it remains the most popular method of planned giving
for almost every charity, including the NSU Foundation.
There are
five types of charitable bequests you can make when directing
all or part of your estate to the NSU Foundation:
- General Bequest
An agreed upon dollar amount
- Specific Bequest
A specific, identified property or security, including
real estate, stocks or bonds
- Residuary Bequest
All or a portion of estate's property after all debts,
taxes, expenses and other bequests have been made
- Contingent Bequest
The NSU Foundation serves as an alternate beneficiary
in case a beneficiary dies or disclaims a bequest
- Restricted Bequest
Any of the above bequests with a specific purpose
for the property, such as establishing a scholarship or endowment
While a will can be a simple and effective option
for many, a living trust might allow assets to be distributed
to heirs without the delays or costs of probate.
Be sure to consult with a qualified professional
before you draft your will or trust, and review it often. Sample
language is available for any of the bequests listed above.
For additional information on wills, bequests,
or planned giving in general, please contact the NSU Foundation
at 918.458.2143 or email.
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Leave a Lasting Legacy
When you establish
an endowment with the NSU Foundation, you …
- Enable Perpetual Support
Your gift toward an endowed fund creates never-ending
support for students, faculty and programs.
- Ensure a Strong Future
Your endowment is an investment in the future of Northeastern
State University. As it grows, the University gains additional
support.
- Enact a Lasting Legacy
Your endowed fund is a wonderful way to pay tribute
to a family member, loved one, classmate or professor. Created
in perpetuity, your endowment has a long lasting legacy associated
with NSU. Endowed funds are reminders of the great support
provided by those who came before.
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