Other Gift Opportunities
Gift of Residence or Farm with a Retained Right to Use the
Because of special provisions in the tax laws, you can
give Bradley University your personal residence or farm, yet
continue to live there for the remainder of your life.
Further, you can provide that your spouse may live there for
his/her lifetime; or you may continue to live on the property
for a set number of years. Either way, you will receive an
immediate income tax deduction for the contribution.
The property does not have to be your primary residence.
It can be a vacation or second home, as long as you use the
property as a personal residence. Further, in the case of
a farm, you do not have to reside on the property. You can
also give stock in a cooperative apartment if the apartment
is used as a personal residence.
The charitable deduction is less than the full value of the
property and equals the value of the remainder interest given
to the University (what IRS estimates is the present value
of our right to receive the property in the future). There
are also charitable deductions available for estate or gift
tax purposes, if the life interest is given to one or two
individuals and the remainder interest is given to charity.
The estate or gift tax deduction is equal to the value of
the remainder interest.
Charitable Lead Trust
Charitable Lead Trusts offer a way for you to support Bradley
University and transfer substantial assets to beneficiaries
(children or grandchildren, for instance) with the potential
for significantly lowered gift and estate taxes. Your heirs
may actually receive a larger inheritance than they would
through an outright bequest or accumulation trust. Plus, Bradley
receives an immediate flow of income.
With a charitable lead trust, you transfer property
such as real estate, securities, bonds, partnership interest,
oil and gas properties, and the like to a trust. The
trustee may be Bradley University, a bank, yourself or any
combination thereof. The trust pays an annual amount (a fixed
amount or a percentage of the trust principal as revalued
annually) to the University for a specified period. After
this time, the property returns to you or a non-charitable
beneficiary usually a family member in the next or
a succeeding generation. The property is generally appreciated
and transferred with significantly reduced gift or estate
You may establish such a trust during your lifetime or under
your will. The manner in which the trust is established
that is, to whom the trust income is taxed determines
whether or not you receive an income tax deduction. In cases
in which you do not receive an income tax deduction, however,
you may realize other very important financial and estate
For a personal illustration of how a Charitable Lead Trust
can work for you, please call the Development Office at 1-800-327-7886.
There are many Ways to Give to Bradley University,
but regardless you will have an impact on the University,
its students and faculty who make it exceptional.
For more information about giving to Bradley
University, please contact:
1501 West Bradley Avenue
Peoria, IL 61625
309.677.3161 • Fax: 309.677.2516