The NSU Foundation exemplifies the importance of charitable bequests and other planned gifts, and through this foundation, the University can thank and recognize alumni and friends who create legacy gifts and lasting memorials. Alumni and friends are invited to make a planned gift to support the future of Northwestern State. The following planned gifts are open for invitation:
This is one of the easiest planned gifts to make. While preparing your will or trust, a simple bequest provision can be included to provide future support for NSU. If you already have a will, additional wording may be easily added to establish a charitable bequest. You can contact us for sample bequest wording that can be used to make a gift to NSU through your will or trust.
Charitable Remainder Trust
A charitable remainder trust will give you and a spouse (and/or other persons) a lifetime income, after which the trust remainder becomes a gift for NSU. This planned gift arrangement entitles you to receive a current (and oftentimes significant) charitable income tax deduction, as well as a guaranteed annual pay-out.
Gift of Life Insurance
There are two ways to provide a life insurance policy:
- Giving all or a portion of an existing policy, or
- Establishing a new policy whereas the NSU Foundation is the owner and beneficiary and premiums are tax deductible.
Gift of Remainder Interest in Home or Land
Live in and use your real property for life, and donate the remainder interest as a gift. Receive a current charitable income tax deduction in the year of the gift, as well as a subsequent estate tax deduction.
Gift through a Retirement Plan Designation
With income & estate taxes being as high as 75% or more on retirement plan assets (traditional IRAs, 401(k)s, etc.), such assets are frequently being used to make deferred charitable gifts.