Do you have money saved in an employee retirement plan, IRA, or tax-sheltered annuity? Each of these plans contain?income that has yet to be taxed. When a distribution is made from your retirement plan account, your beneficiaries will owe federal income tax. Consider leaving your loved ones less heavily taxed assets with greater benefit to them and instead leaving your retirement plan assets to UNH to support generations of Wildcats to come.
As a nonprofit organization, we are tax-exempt and will receive the full amount of what you designate to us from your plan.
If you are 70 ? or older, you can make a tax-free gift directly from your Individual Retirement Account (IRA) to UNH.?You can take advantage of this gift opportunity in several ways:
Name UNH?a beneficiary of your plan.?All this requires is updating your beneficiary designation form through your plan administrator. You can designate UNH?as the primary beneficiary for a percentage or specific amount. You can also make UNH?the contingent beneficiary so that we will receive the balance of your plan only if your primary beneficiary doesn't survive you.
Fund a testamentary charitable remainder trust.?When you fund a charitable remainder trust with your heavily taxed retirement plan assets, the trust will receive the proceeds of your plan when you pass. The trust typically pays income to one or more named beneficiaries for life or for a set term of up to 20 years, after which the remaining assets in the trust would go to support the UNH cause you designated. This gift provides excellent tax and income benefits for you, while supporting your family and the causes at UNH that mean the most to you.
Please use the legal information below?and share with your trusted advisors.
Legal Name: The University of New Hampshire Foundation, Inc.
Address: 9 Edgewood Road, Durham NH 03824
Tax ID: 02‐0437506
Next Steps
- ?Contact UNH's Office of Gift Planning?for additional information on?making a gift through your retirement plan assets?so we can help you direct your gift to the UNH cause that means the most to you.
- ??Discuss the giving options with your personal advisors?to be sure the gift vehicle you choose is the right fit for you.
- ?Please let us know?if you have made this gift to UNH in your estate plans, and we would be happy to recognize you in our?Thompson Society, a special community of forward-thinking UNH alumni and friends who have created their legacy here. It is important to complete simple documentation with UNH to ensure we honor your wishes down the line.
Please feel free to share the sample bequest language below with your attorney:
Sample Language“I give to the University of New Hampshire Foundation, Inc., at 9 Edgewood Road, Durham NH 03824,?a New Hampshire nonprofit corporation, or its successor, Federal Tax Identification Number 02‐0437506, [insert here a description of the particular property]."
We're here to help you!
Please contact the UNH Office of Gift Planning with your questions.
Email:?gift.planning@unh.edu
Phone: (603) 862-3694
Welcome to the Thompson Society!
During the Celebrate 150 Campaign (2012-2018), more than 200 families made planned gifts to UNH, ranging from $10,000 to millions of dollars, which have already started to have an impact on future generations. But the story of legacy goes back to the origins of UNH when Benjamin Thompson left his farm and other assets to establish what would ultimately become the Durham campus of the University of New Hampshire.
The Thompson legacy has impacted hundreds of thousands of lives, and yours can, too.
As a legacy donor, you'll become a member of the Thompson Society, a distinguished group of supporters who have documented planned gifts to UNH. The UNH Office of Gift Planning will work with you to explore options that best meet your philanthropic goals and timeline--whether you wish to make an immediate impact, generate income with your gift, or make gifts through your will.?
We look forward to welcoming you to this prestigious membership of generous donors providing support to generations of Wildcats to come, and we are honored to work with you to?create your UNH legacy.
