Eastern Legacy
IRA Charitable Rollover
Are you 70 1/2 or older? If so, consider contributing to EKU through an IRA rollover. The Emergency Economic Stabilization Act of 2008 provides that, in some cases, an IRA can be directed to charities without the distribution being included in taxable income. The IRA manager must transfer funds directly to a charity. Consult your accountant and/or contact Bill Melton at 859-622-1573 for more information.
The Eastern Kentucky University Legacy Society recognizes alumni and friends who have provided for EKU in their estate plans.These charitable contributions greatly benefit Eastern while often offering substantial tax advantages to the donors.
The most common form of an estate or “planned” gift is a will bequest in which a donor names EKU as a beneficiary of a specific dollar amount or residual percentage of an estate. Other planned gift options include charitable gift annuities, charitable remainder trusts and gifts of life insurance. A number of unique variations are possible with these plans, many of which provide donors with lifetime payments.
| Estate Planning Calculator Honor Roll of Eastern Legacy Society Members Donor Stories Request Information |
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Planned Gifts
Planned Gifts are often deferred gifts. Certain types of planned gifts assure EKU of support in the future while allowing you to enjoy the prospect of increased income and/or tax savings now. Other types of planned gifts can provide EKU with resources now and assist your children or grandchildren in the years to come. In most every case, planned gifts are beneficial to your estate plans and can reduce taxation.
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For questions or additional, Bill Melton |
Please click here for the Planned Giving Comparison table
"Since Federal tax laws continue to change, donors are encouraged to contact the Office of Advancement or their financial advisor to clarify current regulations that might have a direct impact on Planned Gifts."
