Deferred Pledges

Creating a deferred gift now will benefit Michigan Tech later. There are a variety of ways to plan your gift—what makes the most sense for you?

 

Deferred Pledge

Make a pledge today, and make cash payments in the future!
 

Your Benefits

  • Make payments on a pledge at your convenience

Bequest in a Will or Trust

Provide in your will or living trust for a gift to be made to the Michigan Tech Fund after your death

Your Benefits

  • No impact on assets during your lifetime
  • Potential estate tax reduction

Retirement Plan Assets

Name the Michigan Tech Fund as a beneficiary of your IRA, 401(k), or other qualified pension or profit-sharing plan

Your Benefits

  • No impact on assets during lifetime
  • Potential estate and income tax reductions to heirs

Life Estate Gift

Transfer property by deed to the Michigan Tech Fund but retain use of the property for life

Your Benefits

  • Immediate income tax deduction based on current  value of property
  • Avoidance of capital gains and estate taxes

Life Insurance

Name the Michigan Tech Fund as the owner and beneficiary of an existing or a new policy
 

Your Benefits

  • Potential immediate income tax deduction for cash value of existing policy
  • Income tax deductions for premiums paid by you on existing or new policies