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Leah Ramer of Terre Haute, Indiana, says that the IRA charitable rollover plan is ideal for her situation. More
A chance meeting with a Young Life staff member while attending Seattle Pacific University led Bud Bylsma down a path of service to others. To extend his service past his lifetime, Bud has established charitable gift annuities to support SPU. More
Patricia Bentz keeps an unusual collection — Winnie the Pooh books published in 24 different languages including Greek, Latin, Russian, and the prize find — Afrikaner. Books have led to many of the most enriching times in her life, such as helping her gain a doctoral degree in education from Seattle Pacific University just five years before she retired from 40 years in nursing. More
"Howard and I always loved Seattle Pacific," says Virginia Fordice, Class of 1947. As married students during the World War II years, they lived in military housing on campus. Howard, who passed away in November, 2009, served in the regular Army while Virginia pursued cadet nursing. Virginia expresses tremendous gratitude for Godsend assistance with their education in lean times. More
Rob Wall is an esteemed Seattle Pacific University professor of Scripture, an author, and a scholar. He speaks with clarity about the relevancy of the gospel to learning and to the world. He's equally eloquent about his personal life. Ask him how he met his wife, Carla, on the campus of Valparaiso University more than four decades ago. More
Robert Hughson is a retired Seattle Pacific University professor of electrical engineering, engineering science, and physics. What started as a temporary teaching job blossomed into a respected career on the Seattle Pacific faculty. Bob was a Seattle Pacific College student in the 1950s and returned to his alma mater in early 1960 to fill in for a physics professor. More
Karl Krienke taught physics and mathematics at SPU for 44 years. His wife, Reita, was an elementary and preschool teacher. Because their modest salaries did not allow much charitable giving, they sought creative ways to help SPU financially. They used a triplex they owned to establish a unitrust that not only provides future funding for the SPU community... More
Les Nelson '57 and his wife, Carol, are an energetic and dedicated couple who live in Issaquah, Washington. They are proudly of Swedish descent, and parents and grandparents to four children and 11 grandchildren. Les and Carol recently celebrated 50 years of marriage. When Les retired from his physician practice he quickly launched into his next career as a volunteer for... More
Bernice Dye's deceased husband, David, taught at Seattle Pacific University part-time in the 1950s and their son, Daniel, graduated from SPU in 1974 with a degree in biochemistry. Because she likes what the University accomplishes in the name of Christ, she established a gift annuity that provides both valuable support to Seattle Pacific and... More
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.
A charitable bequest is one or two sentences in your will or living trust that leave to Seattle Pacific University a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.
an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan
"I, [name], of [city, state, ZIP], give, devise and bequeath to Seattle Pacific University [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."
able to be changed or cancelled
A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.
cannot be changed or cancelled
tax on gifts generally paid by the person making the gift rather than the recipient
the original value of an asset, such as stock, before its appreciation or depreciation
the growth in value of an asset like stock or real estate since the original purchase
the price a willing buyer and willing seller can agree on
The person receiving the gift annuity payments.
the part of an estate left after debts, taxes and specific bequests have been paid
a written and properly witnessed legal change to a will
the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will
A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Seattle Pacific or other charities. You cannot direct the gifts.
An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.
Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.
Securities, real estate, or any other property having a fair market value greater than its original purchase price.
Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.
A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.
You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the gift tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.
You fund this type of trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Seattle Pacific as a lump sum.
You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Seattle Pacific as a lump sum.
A beneficiary designation clearly identifies how specific assets will be distributed after your death.
A charitable gift annuity involves a simple contract between you and Seattle Pacific where you agree to make a gift to Seattle Pacific and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.