Planned Giving

You can make a gift to Midway University that will ensure that there will continue to be life changing education for generations of students yet to come.

What is Planned Giving?

• Planned giving is a voluntary gift …
• Of any kind (assets) …
• In any amount …
• Given for any purpose …
• Either current or deferred …
• With the help of others (professional advisor, spouse, children, etc.) … to complete the gift.

About 80% of planned giving donors have been annual givers supporting Midway University’s mission.

A good way to eliminate/minimize taxes is through planned giving.

Assets to consider:

Life Insurance
Midway University may be named as a beneficiary of a policy or part of a policy at any time.

Midway University must be irrevocably named beneficiary and assigned ownership of the policy to qualify the donor for an income tax deduction.

Retirement Plans/IRAs
Midway University can be named as a beneficiary at the time of death.

Appreciated Securities
Even in today’s market, you can use this asset to make a gift and avoid capital gains if you have a low cost basis.

Planned Giving Options

Wills and Bequests

A last will and testament is a legal document whereby an individual who owns property of any sort exercises his or her right to determine the ultimate disposition of that property.

A bequest is a specific provision whereby Midway University is designated to receive the property that the person making the will transfers at death

The bequest program is the foundation of a good planned giving program. Anyone can have a will written; it is one of the simplest, cleanest, easiest forms of a planned giving instrument.

Charitable Remainder Trusts
Your gift is invested to produce income for you for life, with the remainder given to Midway University upon your death.

Bargain Sale
A donor makes a gift by selling an asset to Midway University for a price less than its fair market value.

Legal Language
The following is suggested language to consider when making a bequest in your will to Midway University:

GENERAL BEQUEST

I, (your full name), of (city, state) bequeath to Midway University, located in Midway, Kentucky, the sum of $________________ for the following purpose: (general endowment or specific scholarship).

RESIDUAL BEQUEST

I, (your full name), of (city, state) bequeath all the rest of my estate (or percent of the remainder of my estate ______%) to Midway University for the following purpose: (general endowment or specific scholarship).

• For more information, please contact Tim Culver by email at tculver@midway.edu by phone at 859.846.5300.

Those who include Midway University in their estate plans are considered members of the 1847 Society, as a way of recognizing their thoughtful generosity and support.