Development & Foundation
Jack and Bobbye Mooney
The Legacy Society
A Program for Planned Giving
The RSU Legacy Society honors alumni and friends who include the RSU Foundation in their estate plans. These gifts of future support will play an important role in ensuring RSU’s continued commitment to students, faculty, and academic excellence. Future gifts can be made through your will, charitable remainder trusts, life insurance, or retained life estates. Planned gifts can provide income for life and a permanent legacy.
RSU welcomes the opportunity to work with you to establish specific criteria for your gift, which can be named in your honor or for other loved ones.
Planned gifts are as unique as the individual who makes them. A donor may make his or her gift unrestricted so that it can be used in an area where it is needed most, or may designate the gift to benefit a specific department or academic program. Your gift will help sustain the vitality and strength that allow RSU to be one of Oklahoma’s finest regional universities. Among planned gifts options are:
Will – Outright Bequests
Many donors choose to make a planned gift through a will or living trust, which enables you to retain your assets during your lifetime while helping RSU in the future. Bequests can be a specific dollar amount, a percentage of your estate, or the balance of your estate after providing for your family or other loved ones.
A bequest removes those assets from your estate and reduces estate tax liability. So that you may be properly acknowledged as a member of the RSU Legacy Society, each donor is asked to provide the RSU Foundation, Inc., with a copy of the relevant portion of his or her will or living trust.
Charitable Remainder Trusts
The charitable remainder unitrust and the charitable remainder annuity trust are two life income planned gift options that allow you to make a gift to the RSU Foundation, Inc., and receive income from that gift for you or a designee for the rest of your life or for a set number of years while also receiving a current income tax deduction for the gift.
A charitable remainder trust is established when the donor irrevocably transfers cash, securities, or real estate to fund the trust. With the transfer of appreciated securities or real estate, the donor not only receives the charitable gift deduction, but also avoids capital gains tax. Upon the termination of the trust, the remaining principal in the trust is directed to the RSU Foundation, Inc.
A gift of life insurance can be a very affordable and flexible planned giving method to make a significant gift. By purchasing a life insurance policy and naming the RSU Foundation as the owner and beneficiary, you can receive a charitable gift deduction for each premium payment. A paid life insurance policy that may no longer be needed can also be contributed, allowing the donor to receive a charitable gift deduction approximately equal to the cash surrender value of the policy.
Retained Life Estate
A gift of your home or farm can be made without giving up the use of your property during your lifetime. You may also provide for your spouse or other loved ones to live there upon your death. You can obtain a charitable income tax deduction based on the value of the property and your age. Property taxes and insurance remain the donor’s responsibility.