Planned giving can be a desirable way for donors to maximize support of their family and top priority charitable interests. There are a number of creative ways to support the University of the Arts in which you, your loved ones and UArts all benefit at the same time! Planned giving also allows a donor to make a more substantial donation because the techniques provide greater flexibility in making the gift.
Planned gifts are deferred gifts. There are many types of assets that can be used to fund a charitable gift to UArts. These include cash, appreciated securities, real estate, personal property, business interests, IRAs/Retirement Plans, life insurance and other assets.
The Charitable IRA Rollover Expires on December 31 - Act Now!
If you are 70½ or older, under the American Taxpayer Relief Act you can make tax-free distributions up to $100,000 directly from your IRA for qualified charitable purposes. Rather than taking your taxable required minimum distribution, you can direct some or all of those dollars to the University of the Arts. Your donation will not be subject to federal tax and may count towards meeting your mandatory annual withdrawal.
You may contribute funds from your IRA to the University of the Arts if:
- you are age 70½ or older and are the owner of the IRA (beneficiary IRAs are excluded)
- you give no more than a total of $100,000 per year ($200,000 for couples)
- you complete the gift on or before December 31, 2013
- you direct the transfer of funds directly from an IRA (you cannot withdraw the funds yourself)
Act now! To make a gift, you may direct your IRA trustee or custodian to transfer your desired gift amount to UArts. For more information, please consult your tax advisor or contact Anisa Haidary, director of Major Gifts & Special Projects, by calling 215-717-6147.
Planned gifts have been a significant part of UArts!
Ruth K. Colten '44 (Illustration)
Ms. Colten attended Philadelphia Museum School of Industrial Arts on scholarship and loved her instructors Renzetti, Schell and Sweeney. The University was honored to be included among the beneficiaries that Ms. Colten supported through her estate. Her generous gift endowed the Ruth K. Colten Scholarship, which is awarded annually to a student who demonstrates artistic promise and financial need.
Sigrid Berwind, former Trustee
Ms. Berwind served as a University of the Arts Trustee from 1998 until her death in 2008. Thanks to Ms. Berwind's gracious contribution through her estate, UArts is able to offer the annual Sigrid Berwind Scholarship to a student with artistic merit who is pursuing a degree in Fine Arts.
The Legacy Society
A donor who informs us of his/her planned gift is eligible to become a member of the Elizabeth Duane Gillespie Legacy Society. The Legacy Society features a list of all planned gift donors and serves as a testimony to our community of all those who have committed to a gift to UArts in their estate plans. We are honored to recognize that commitment and include you in our donor recognition programs and events.
Future generations of students will benefit not only from the generosity of your gift, but also from learning about you and the history behind the legacy that your planned gift will create at UArts.
For more information about how you can establish a planned gift, please contact: