By designating LSUS as a beneficiary of your planned gift, you become a member of the Pilots Beacon Society at LSUS. The Society recognizes all donors who honor LSUS with a commitment of an estate gift.
Your attorney or estate planner can design a gift that will work best for you. Any of the following planned giving opportunities may be unrestricted or restricted to the program, college or department of your choice.
A charitable bequest is set forth in a will, which is a legal document specifying how one's property will be distributed after death. Bequests may be stated as a dollar amount, a property gift, an asset percentage, or an estate balance, for example.
Charitable Remainder Trusts
As the beneficiary of a charitable remainder trust, LSUS may receive income for up to 20 years based on a percentage of the principal value. The trust may be funded with cash, marketable securities, real estate, or a combination of the three. When its term ends, the remaining property becomes a gift to LSUS while the donor receives a tax deduction.
Charitable Lead Trusts
As the beneficiary of a charitable lead trust, LSUS may receive interest on the principal amount of the trust for a fixed number of years while the donor receives a tax deduction. After the term ends, the remaining funds are given to whomever the donor chooses, such as a spouse, child, or grandchild.
A donor may make a gift of life insurance by making LSUS the irrevocable owner and beneficiary of an existing policy or obtaining a new insurance policy which names LSUS as the beneficiary.
A donor may designate a specific amount or percentage of a retirement plan to LSUS.
Gift annuities are the most popular life income gift with donors. Annuities may be immediate, deferred or flexible in structure and offer various tax benefits to the donor.
Please contact the Office of University Development at (318) 797-5054 for additional planned giving information.
The information provided herein is in no way intended to create an attorney-client relationship and shall not consist of legal advice. LSUS, its representatives, employees, and agents shall have no liability for any loss, damage, action, or claim that may result from reliance on this information. Please contact your attorney for information specific to your needs.
Any advice contained in this communication regarding federal taxes is not written or intended to be used, and cannot be used, by any person as the basis for avoiding federal tax penalties under the Internal Revenue Code, nor can such advice be used or referred to for the purpose of promoting, marketing or recommending any entity, investment, plan or arrangement.