Planned gifts allow you to meet your own needs or those of your beneficiaries, while still making an important contribution to Naropa University. Planned gifts also offer significant tax benefits to you and your family. Consider a planned gift to Naropa University to meet your own financial and philanthropic goals.
The most common types of planned gifts include:
Our Office of Development will be happy to discuss your various options in planned giving. Contact them by e-mail at: firstname.lastname@example.org.
If you want to provide a future benefit to Naropa University but aren't comfortable giving away assets that you may need in the future, you can include a bequest to Naropa in your will or living trust. Bequests are the transfers of wealth that occur upon a donor's death. Bequests can take several forms:
Please let us know if you have included Naropa University in your estate plan.
If you have already included Naropa University in your estate plan, we are grateful. Please let us know about your intentions by completing a Statement of Intent to Provide Future Support.
By sharing your plans with us, you'll ensure that we carry out your exact wishes. It will also help Naropa in our long-range planning efforts. We would be honored to have the opportunity to thank you during your lifetime for your generous intentions. Of course, informing us of your philanthropic intentions doesn't obligate you or your heirs to fulfill them -- you'll continue to have the flexibility to adjust your plans as needed.
If you want to restrict your bequest to a particular program or area at Naropa, or if you'd like to establish a scholarship or other endowed fund, please contact the Office of Development at 303-245-4751 or by e-mail at email@example.com. We'll review your intended provision to be certain that your wishes can be carried out.
You can donate assets to Naropa University now and still receive a regular stream of payments for life. This ensures your needs are met during your lifetime. The remainder then goes to support Naropa University.
Making a life income gift offers you many benefits. As a life income donor, you will:
In contrast to a "life income" gift that provides you with a current payment stream and Naropa University with a future remainder interest, a Charitable Lead Trust (CLT) provides a current payment stream to Naropa University and a remainder interest to you or your designated beneficiaries.
There are multiple benefits of a Charitable Lead Trust. You:
There are multiple ways to donate real estate to Naropa University:
By naming Naropa University as your retirement plan beneficiary, you can avoid all income and estate tax on the account and have the total value benefit Naropa University for purposes you designate.
Retirement accounts can often be taxed at rates of more than fifty percent at the time of the owner's death. This is due to accrued income taxes and possibly estate taxes that apply at the time of death. To avoid losing over half the value of the account, many alumni and friends of Naropa University use their retirement plans to establish special philanthropic legacies at Naropa. By naming Naropa University as your retirement plan beneficiary you can maximize the value of your retirement account as well as your donation to Naropa.
Making a gift of your retirement assets at the end of your life is easy. You simply need to request a new beneficiary designation form from your plan administrator and add Naropa University as your beneficiary.
You may designate a specific portion or all of your plan assets to benefit Naropa University. Or, as is often the case with larger qualified plans, you may wish to establish an endowed scholarship or professorship that will be administered in perpetuity. For example, if you want to provide funds for the university's unrestricted use, simply complete your form by designating the "Naropa University" (Tax ID # 84-1029228) as your beneficiary. If you're married, your spouse may have to consent to your designation.
Because any designation of your retirement plan for Naropa University needs to fit into your overall estate plan, we recommend that you consult with your professional advisers and Naropa University before completing your designation.
Naropa University does not provide legal or tax advice. We recommend that you seek your own legal and tax advice in connection with gift and planning matters. To ensure compliance with certain IRS requirements, we disclose to you that this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of avoiding tax-related penalties.