One Person’s Gift Can Inspire Generations to Come
Throughout the years, many individuals have been inspired by philanthropic ideals and chose to advance knowledge and transform lives. Through their commitment and support, these benefactors take part in shaping the future of the College. Regardless of the size of your estate, what has been accumulated is a testimony to your life, your hard work, your central values and commitments. What is transferred to the next generation and how it is done can accurately reflect your vision and goals.
In reviewing the planned giving options outlined here, you may be surprised to discover ways to contribute to ENMU-Ruidoso, while not adversely affecting your financial security or that of loved ones. To learn more about including the ENMU-Ruidoso Foundation in your estate plan, contact Rochelle Lentschke, Development Director, at 575-315-1215.
Gifts of Life Insurance
To make a major gift without a major expense to you, assign ownership of a whole life insurance policy to the ENMU-Ruidoso Foundation or irrevocably name the ENMU-Ruidoso Foundation as your beneficiary. The gift may be a paid up policy, an existing policy with cash value or a new policy.
For many donors, qualified plans have become a disproportionately large part of their overall assets. The charitable bequest of a qualified plan may provide the opportunity for significant tax savings. The gift of a qualified plan is one of the most complex types of gifts. The ENMU-Ruidoso Foundation will encourage the donor to name the Foundation as beneficiary. The ENMU-Ruidoso Foundation suggests that if a donor is interested in this type of gift, that the donor contact and work with the donor’s financial advisor, accountant or lawyer.
Gifts by Will
You may be able to contribute much more to the College by naming the ENMU-Ruidoso Foundation in your will than would be possible with an outright gift. You may fund such a gift with cash, marketable securities, real estate, tangible property or closely held stock.
By providing for the Foundation in a will, you can make a substantial contribution without diminishing assets during your lifetime. Since bequests are deductible from an estate, there is also the potential for significant tax savings.
Charitable Gift Annuities
With a simple contractual agreement, a donor can establish an educational endowment fund benefiting a particular area of interest and receive a guaranteed lifetime income. Annuity rates can be offered for one or two people and range from 4.8 percent to 12 percent depending on the age and number of income recipients. There are no start-up fees, the donor qualifies for a substantial charitable tax deduction and capital gains taxes can be reduced and spread over a number of years.
Disclosure: Charitable gift annuities are not insurance under the laws of the State of New Mexico and are not subject to regulation by the insurance division or protected by a guaranty association affiliated with the division. 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.
Charitable Remainder Trusts
With an irrevocable trust, a donor or a loved one can receive a fixed annual income or an income that varies with the value of the trust. At the death of the last income beneficiary, the assets in the trust are distributed to the Foundation to be used as designated by the donor.
Retained Interest Gifts
Charitable Lead Trust
This method of giving can extend for a term of years or for a lifetime. Income is paid to the Foundation each year during the life of the trust. When the trust terminates, the assets revert to the donor or another beneficiary. As a donor, one is exposed to reduced gift and estate taxes because the assets placed in the trust may appreciate over time, but the appreciation is not subject to further gift or estate tax when the trust terminates.
For more information, contact Rochelle Lentschke at 575-315-1215. You may also refer to our Gift Acceptance Policy.
Donor Bill of Rights
Philanthropy is based on voluntary action for the common good. It is a tradition of giving and sharing that is primary to the quality of life. To assure that philanthropy merits the respect and trust of the general public and that donors and prospective donors can have full confidence in the not-for-profit organizations and causes they are asked to support, we declare that all donors have the right:
- To be informed of the organization’s mission, of the way the organization intends to use donated resources and of its capacity to use donations effectively for their intended purposes.
- To be informed of the identity of those serving on the organization’s governing board and to expect the board to exercise prudent judgment in its stewardship responsibilities.
- To have access to the organization’s most recent financial statements.
- To be assured their gifts will be used for the purposes for which they were given.
- To receive appropriate acknowledgment and recognition.
- To be assured that information about their donations is handled with respect and with confidentiality to the extent provided by law.
- To expect that all relationships with individuals representing organizations of interest to the donor will be professional in nature.
- To be informed whether those seeking donations are volunteers, employees of the organization or hired solicitors.
- To have the opportunity for their names to be deleted from mailing lists that an organization may intend to share.
- To feel free to ask questions when making a donation and to receive prompt, truthful and forthright answers.
The text of this statement in its entirety was developed by the American Association of Fund-Raising Counsel (AAFRC), Association for Healthcare Philanthropy (AHP), Council for Advancement and Support of Education (CASE) and the Association of Fundraising Professionals (AFP).