Many people like to support the causes that mean the most to them with a gift through their will or trust, or other type of planned arrangement. These gifts, known as planned gifts, are usually, though not always, fulfilled after death. There are many ways to make a planned gift. Although most planned gifts come from wills or living trusts, other options include life insurance, retirement assets, real estate, and securities.
A planned gift is a unique opportunity for you to create a lasting legacy for the University of Utah programs that matter most to you. These gifts also provide a way for you to pass on your values, achieve certain charitable and financial goals, and may yield certain federal tax advantages. Some planned gifts can even give you an income throughout your lifetime.
Sample bequest language
To include the University of Utah in your will or trust, here is some information you can share with your attorney:
“I, [name], of [city, state, ZIP], give, devise and bequeath to the University of Utah, a body politic and corporate of the State of Utah, [written amount or percentage of the estate or description of property] for its unrestricted use and purpose [or the specific designation].”
The University of Utah is a body politic and corporate of the State of Utah. The University is a tax exempt organization both as a political subdivision of the State of Utah and a 501(c)(3) charitable organization under the Internal Revenue Code. The University of Utah Tax EIN is 87-6000525.
John R. Park Society
Dr. John R. Park, the first president of the University, was one of the U’s earliest benefactors, naming the institution as the beneficiary of his entire estate. The John R. Park Society pays tribute to Dr. Park and to all those who carry on this tradition of philanthropy at the University of Utah. Through the Society, the University recognizes individuals who make known their gift intentions through a will or living trust, or some other form of planned gift.
Your legacy is important. If you have included the University of Utah in your estate plans, please let us know. We want to thank you and ensure that your gift can be used as you intend. With your gift, you join an illustrious group of people who have made a similar commitment to the long-term success of the University, its faculty and students.
Have a question?
We would be happy to help with any questions you might have about making a planned gift to the University. Please feel free to contact us. Click on staff names below for contact information.