A charitable bequest is one or two sentences in your will or living trust that leave to IES Abroad a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.
an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan
"I, [name], of [city, state ZIP], give, devise and bequeath to The Institute for the International Education of Students, dba IES Abroad [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."
able to be changed or cancelled
A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.
cannot be changed or cancelled
tax on gifts generally paid by the person making the gift rather than the recipient
the original value of an asset, such as stock, before its appreciation or depreciation
the growth in value of an asset like stock or real estate since the original purchase
the price a willing buyer and willing seller can agree on
The person receiving the gift annuity payments.
the part of an estate left after debts, taxes and specific bequests have been paid
a written and properly witnessed legal change to a will
the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will
A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to IES Abroad or other charities. You cannot direct the gifts.
An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.
Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.
Securities, real estate or any other property having a fair market value greater than its original purchase price.
Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.
A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.
You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.
You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to IES Abroad as a lump sum.
You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to IES Abroad as a lump sum.
A beneficiary designation clearly identifies how specific assets will be distributed after your death.
A charitable gift annuity involves a simple contract between you and IES Abroad where you agree to make a gift to IES Abroad and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.
Marriage Made in Freiburg
When Marianne Judy enrolled at Boston College, and Chad Brumley entered University of Tulsa, neither one had any idea that their lives would soon intersect in Freiburg, Germany. When Chad and Marianne were studying in Freiburg, the IES Abroad European Union program was just five years young.
Chad and Marianne reconnected at the 2002 Freiburger reunion, and were married the following year. Today, they live in Texas, where Chad works as a financial planner for an energy company, and Marianne works as an accounting supervisor for an airline. In Spring 1988, the EU program students lived together in the same house. They prepared meals, studied, and traveled together, and quickly became a close-knit family. And that bond continues today. The group, aka the Freiburgers, has held many reunions in various locations across the U.S. They hope soon to return to Germany for a special celebration.
Chad and Marianne strongly believe that a semester abroad should be an essential part of any college experience. Chad's semester was partially paid through a scholarship, so he feels that it is especially important to give back, so that others might have the same opportunity. Because of their unique experience with IES Abroad, Chad and Marianne have chosen to be annual supporters and have even secured a matching gift through Chad's employer. Their annual gifts help make study abroad a reality for deserving students every year.
For as little as $19.50 per month, you can help make the life-changing experience of study abroad possible for students with financial need. Even an annual gift of $65 can make the difference. To make a gift online, visit www.IESabroad.org/giving or contact the IES Abroad Advancement Office at 312-944-1750 or Toll Free 800-995-2300.
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. California residents: Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. Oklahoma residents: A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. South Dakota residents: Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.