Deferred gifts are those you commit to in the present but give to DMU in the future. These planned gifts offer a wide variety of benefits, including flexibility, tax savings and — in some cases — fixed, dependable income for life. Deferred gifts often enable you to contribute more to the University than outright gifts.
Retained Life Estate
Retained life estate is the irrevocable gift of a personal residence, farm or vacation home to the University. You receive an immediate income tax deduction while retaining all the benefits of ownership, including living on or leasing out the property.
Retirement Plan Gifts
Retirement plan gifts let you provide a generous gift to DMU after your lifetime while saving income tax and estate taxes for yourself and your heirs.
Charitable Gift Annuities
Charitable gift annuities are contractual agreements between one or two donors and DMU in which assets are given to the University in exchange for lifetime income. Payouts are based upon age. Benefits include an immediate charitable income tax deduction, future income tax savings and fixed payments for life.
Charitable Remainder Trusts
Charitable remainder trusts are created when you donate assets into an irrevocable trust that then pays you or your designated beneficiary a set income for a specified period of time. After the specified period, the remainder of the trust is given to DMU. You receive an income tax deduction when the trust is created.
Charitable Lead Trusts
Charitable lead trusts pay a fixed or variable income to DMU for a specified amount of time and then pass to your heirs. These trusts keep assets within the family while reducing the size of your taxable estate and the resulting gift taxes passed on to your heirs.
Life insurance is a way to support DMU when the original need for which a policy was purchased no longer exists. Assigning ownership of an existing policy to the University gives you an immediate income tax deduction and avoids estate taxes on the proceeds.