Life Stage Gift Planner™
Under Age 60
At this stage in life, some of the financial issues you may find yourself dealing with are:
- Accumulating and preserving wealth
- Managing debt
- Prudent asset management
- Discretionary savings programs
- Long-range planning for retirement and emergencies
- Diversifying investments and establishing a growth strategy
- Creating a simple will and estate plan providing for heirs and bequests to charity
- Increasing income; increasing debt
For the charitably inclined, certain types of gifts can provide solutions to taxing problems:
Charitable bequest
If you would like to make a substantial gift to Illinois Tech but you do not have the current disposable income or assets to do so now, consider a charitable bequest.
Deferred-payment charitable gift annuity
If you are making the maximum annual contribution to your retirement account but are unsure whether there will be enough income when you retire, consider establishing a deferred-payment charitable gift annuity with Illinois Tech.
Charitable remainder unitrust
Provides for annual payments to the designated beneficiary(ies) of a specified percentage—at least 5% of the value of the trust as it is valued each year. Because the value may vary year to year, the payments may also vary.
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