The Power of Gift Planning and Legacy Gifts
March 18, 2025
- Gifts from a Will or Trust
Including a charitable bequest in your will or trust to support the Kean University Foundation is a simple way to have a big impact on the University’s future that will cost you nothing during your lifetime.
- Beneficiary Designations
Naming the Kean University Foundation as a beneficiary of your retirement fund, an investment or bank account, or a life insurance policy is a simple way to support Kean without making any changes to your will or trust.
- Life Insurance
If you have a life insurance policy that has outlasted its original purpose, you may consider donating it to the Kean University Foundation. If you transfer ownership of the policy, you will qualify for an immediate tax deduction.
- Appreciated Stock and Real Property
If you own highly appreciated securities or real estate that you no longer need or wish to sell, you can donate it to the Kean University Foundation. You will receive an immediate tax deduction for the full market value and avoid capital gain taxes.
- Tangible Personal Property
If you have valuable artwork, collectibles, jewelry, etc., that you no longer want or need, you can donate these assets to the Kean University Foundation and claim an income tax deduction for the fair market value of the items.
- Charitable Gift Annuity (CGA)
You can donate cash or appreciated securities to the Kean University Foundation in exchange for an immediate tax deduction and guaranteed fixed annuity payments for the rest of your life.
- IRA Charitable Rollover/Qualified Charitable Distribution (QCD)
If you are age 70 ½ or older, you can make a tax-free gift directly from your IRA to the Kean University Foundation. For donors who are age 73 or older, you may count this transfer toward your required minimum distribution (RMD) for the year.
Please contact Lori Funicello, CFRE, Director of Planned Giving at the Kean University Foundation, at (908) 481-5336 or lfunicel@keanfoundation.org to learn more tax-smart ways to support the Kean University Foundation.