Types of Gifts
Your gift to the College of Liberal Arts is essential to our ability to provide an extraordinary education. There are many types of gifts, and we hope you will choose one that is meaningful to you.
You can make an immediate, meaningful impact on College of Liberal Arts students and programs through an outright gift. You may designate your gift for a specific department or program, or designate it to the College's general fund, which allows the College to direct it to the area of greatest need. Examples include cash, securities, and gifts in kind. Make a Gift Now.
A planned gift is a charitable donation arranged during your lifetime, but, generally, not available to the College of Liberal Arts until sometime in the future. Some planned gifts enable the donor to receive specific tax benefits during their lifetime while enabling them to make a more significant gift than might otherwise have been possible. Each of these gifts has unique tax advantages; some of these gift vehicles even pay you incoming. Examples include living trusts, life insurance, and charitable bequests.
A living trust is a trust you create during your lifetime for your own benefit. This kind of trust is usually revocable - that is, you reserve the right to change the rust terms - to add or withdraw assets and even to terminate the trust.
Life insurance is an asset you may not think of donating to Colorado State University until you hear how powerful, practical, and simple it can be. When you own a life insurance policy with accumulated cash value, you are essentially sitting on a pile of money. When the original purpose for the protection no longer applies (i.e. to educate children now grown or to provide financial security for a spouse now deceased) your life insurance can be redirected to help support a worthwhile cause. One option is simply to name Colorado State University College of Liberal Arts as the primary beneficiary. Or, you can name us as the beneficiary and also assign us ownership of the policy as a current charitable gift.
A bequest provides a future gift to the College of Liberal Arts through inclusion in your will. If you plan to make a charitable gift by will, please think it through carefully. Then, meet with your attorney to discuss and update your will. Remember to be as clear as possible in describing what you want to be given and to whom. Bequests enable many people to give their greatest impact on the College. In the case of large estates, there can be significant tax savings.
Gifts to Annual Giving allow the College of Liberal Arts to provide extraordinary opportunities for learning and discovery; to extend the financial aid program to every student who needs it; and to help meet emerging needs and challenges. These unrestricted funds give the College of Liberal Arts the flexibility to undertake critical new initiatives such as developing the University Center for the Arts and attracting world-renowned faculty before a permanent endowment for the program is fully in place.
Many employers sponsor matching gift programs and will double or event triple any charitable contributions made by their employees. If your company is eligible, request a matching gift form from your employer, and send it completed and signed with your gift. We will do the rest. Some companies even match gifts made by retirees or spouses. To determine if your employer offers a matching gift policy, please visit our website.
Endowments are a meaningful way to support an area about which you are passionate, as the revenue generated from an endowment continues to support the College of Liberal Arts for generations. An endowment is a specified amount of money given to the College of Liberal Arts to create a fund, the contents of which are invested. The income from the investment, primarily interest, is then used according to the purpose of the fund. The major benefit of providing an endowment is that income is perpetually earned through the investment. This allows for not only one gift from the donor, but an ongoing gift or scholarship in the donor's name. The funds, when invested wisely, will provide enough income to give financial support to students for an unforeseen period of time.