A charitable bequest for the benefit of the University of Pittsburgh at Bradford can be included in the body of your will or in addition to your will (known as a “codicil”). As you consider making a bequest, the following language may be useful to you and your attorney. In addition, you can also make a gift to Pitt-Bradford through your retirement plan.
I give to the Bradford Educational Foundation….(legal name of foundation) (the sum of $_____) or (shares of stock, specific real estate, or other property) to be used by the Bradford Educational Foundation….(legal name incorporated in PA) to support the Foundation’s Endowment.
Making a Gift through Your Retirement Plan
Contact your IRA or retirement account custodian to obtain a beneficiary designation form to make a gift from your plan. Include the name of the Bradford Educational Foundation and the Foundation’s Federal ID number 25-1399653 on the beneficiary line.
Charitable Gift Annuity
A charitable gift annuity is a contract between you and the University of Pittsburgh at Bradford. You transfer cash or property to Pitt-Bradford in exchange for a partial tax deduction and a lifetime steam of annual income from the university. The principal passes to Pitt-Bradford when the contract ends.
Charitable Remainder Trust
A charitable remainder trust allows you to reduce your taxable income by contributing cash, securities, or other appreciated property into a trust. The trust makes fixed annual payments to you or to your beneficiaries for a specified period of time. Once the time expires and the trust is terminated, the remainder of the trust passes to Pitt-Bradford.
Charitable Lead Trust
A charitable lead trust allows you to transfer assets to others at a significantly reduced tax liability. By contributing securities or other appreciating assets to a charitable lead trust, the trust makes annual payments to Pitt-Bradford for a period of time. When the specified period of time expires, the remaining principal is paid to you or your beneficiaries.
For more information on these planned giving options, please contact the Office of Institutional Advancement at the University of Pittsburgh at Bradford.