University of Wisconsin - Stout

Deferred Gifts

Deferred gifts are gifts which will be received by the Stout University Foundation, Inc. in the future. There are a number of different ways deferred gifts can be structured depending on the need and wants of the individual donor. Gifts can be a bequest in a will or a gift to provide life income for the donor and/or beneficiary.

Wills

A will is the most common form of deferred gift. There are four different types of bequests that can be made including:

Restrictive Bequest

A bequest, just as a current gift, can be restricted for a specific purpose.

Unrestrictive Bequest

The unrestrictive bequest offers great flexibility for future needs because the gift can be used for the university’s greatest need at the time the bequest becomes available.

Endowed Bequest

Restricted or unrestricted bequests can be set up as a memorial endowment. The endowed fund principal is preserved, and only the income is used for the intended purposes.

Contingent Bequest

Stout University Foundation, Inc. can be named as contingent beneficiary, in case the initial beneficiary predeceases the donor. If an individual does not have a contingency heir named, the state could end up with all the assets of the estate. Naming the Foundation as a contingent beneficiary is a way to ensure that assets do not get caught up in probate.

Benefits of Bequests

The following is the general wording that we suggest for an unrestricted bequest:
I give, devise and bequeath to the Stout University Foundation, Inc., a non-profit, non-stock Wisconsin corporation with its principal offices in Menomonie, Wisconsin, ------percent (-------%) of the rest, residue, and remainder of my estate for unrestricted purposes.

The Foundation staff would be happy to provide suggested language for specific bequests. Please contact our office at 715.232.1151. Charitable gifts made through your will are 100% tax deductible. No inheritance tax, either federal or state, applies to these gifts.