Types of Estate Gifts to UNLV
Tax and Income Benefits of Gifts to UNLV
Making an Estate Gift to UNLV

Charitable giving can play an important role in planning for your family’s and your estate’s future. An outright or deferred gift may actually increase the amount you are able to pass to family and friends through your estate while minimizing gift and estate taxes you might otherwise owe.

If you have made an estate gift to UNLV in your will, please contact Bud Beekman, director of gift planning, at (702) 895-2841 so we may recognize you today for your future gift to the university.

Types of Estate Gifts to UNLV
Charitable gifts fall into two categories: outright and deferred. Outright gifts (also called immediate gifts) can be used by UNLV as soon as they are received. Deferred, or planned, gifts cannot be put to use by the university until the end of a specified period of time. During this time, the donor continues to enjoy a beneficial interest in the property. Deferred gifts may be revocable or irrevocable.

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Tax and Income Benefits of Gifts to UNLV
An income-producing gift, such as a charitable remainder unitrust, an annuity trust, or a charitable gift annuity, can generate continuous income for you and/or another beneficiary. Charitable remainder trusts and other life-income options are irrevocable and can result in a charitable income tax deduction of the gift. As a donor retains some interest in the asset donated to a deferred gift instrument, such as an income interest or some other beneficial interest, the value of the resulting deduction is less than the full fair-market value of the asset.

The most popular planned gift is the charitable bequest, in which you may provide in your will for UNLV to receive a specified amount or a percentage of the remainder of your estate. Provisions for bequests in wills or living trusts, for example, are revocable.

Revocable gifts do not result in a charitable income tax deduction at the time of the gift.

Making an Estate Gift to UNLV
Estate gifts, like any gift to UNLV, may be designated to a specific campus program or used to support where the need is greatest. Many UNLV alumni and other friends are involved in programs that hold a special meaning to them and their families, but often our supporters are simply interested in supporting UNLV’s mission of research, teaching, and service. Our staff will gladly introduce you to students, faculty, staff, and programs across campus to help you decide how you plan to help UNLV through your gift. 

It is critical that you and your family obtain sound professional advice regarding your estate plans. If you do not have current counsel, we have a group of more than 40 professional advisors who are involved with UNLV’s estate and gift-planning process and are experienced in the legal and financial aspects of this practice.

UNLV provides this information as a courtesy to our alumni and other friends. We believe it is accurate and in accordance with current applicable law; however, we neither intend nor attempt to render legal, tax, or financial advice. We encourage you to consult with a qualified professional advisor to determine whether the information presented here may be useful to you.

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