Giving
Some
of the available options for making a planned gift are wills and bequests,
retirement assets and life insurance policies.
By
including Cameron University in your will or living trust, you are able to
establish a lasting legacy by making a generous gift without reducing your
current income.
Retirement
Assets, including accounts such as your 401(k), 403(b) and IRA, given to
Cameron University may allow you to avoid or reduce taxes that could otherwise
consume these assets.
By
making Cameron University Foundation the beneficiary to a life insurance
policy, whether formerly established or newly acquired, you are able to
designate funds that would otherwise be non-existent. On policies that are yet
to be paid up, you may be able to claim a tax deduction on your annual
premiums.
Once
you have chosen to make a planned gift to Cameron University, the CU Foundation
encourages you to speak with your financial planner and legal counsel in order
to determine the best method of giving, as all planned giving situations are
unique.
Language for Bequests
When
choosing to include Cameron University in your will, your intentions should be clearly
stated so the CU Foundation can ensure that your objectives are fulfilled. The
following is suggested language that may be used when making your bequest.
For
A Restricted Gift:
“I
give [the sum, percentage, or description of property] to the Cameron
University Foundation, Lawton, Oklahoma, to be used for the benefit of [chosen
area] for use in [state the purpose for which you wish your bequest to be
used].”
For
An Unrestricted Gift:
“I
give [the sum, percentage, or description of property] to the Cameron
University Foundation, Lawton, Oklahoma, to be used for its general tax exempt
purposes but without other restrictions as to use.”