Michigan Tech sustains high-quality educational programs because of the generosity of alumni and friends. Although Michigan Technological University is a public institution, it receives less than one-fourth of its funding from state appropriations. Support from private donors benefits students, faculty, and programs in many essential ways:
- A strong endowment attracts the top faculty members needed for Michigan Tech to be one of the world’s premier technological research universities.
- Scholarships and fellowships attract top students and allow them to better concentrate on their studies.
- Research fosters innovation that promotes sustainable economic and social development in Michigan, the nation, and the world.
- Capital projects ensure that our students and faculty have the first-rate facilities and cutting-edge technology needed for great ideas and great solutions.
- Unrestricted gifts provide crucial, flexible resources that allow the University to respond to today’s greatest needs.
Gifts of all sizes are deeply appreciated. There are many ways to accomplish these
gifts, and one of the most effective means is a planned gift through the Michigan
Tech Fund.
A planned gift enables you to assist Michigan Tech in its mission of preparing students
to create the future—while also allowing you to take maximum advantage of federal
tax laws to accomplish your financial and charitable goals.
Life Income Gifts
Life income gifts are an effective way to contribute assets to Michigan Tech while still keeping an income for yourself and others.
Charitable Gift Annuity
Transfer assets to the Michigan Tech Fund which makes fixed payments to you for life that begin immediately.
Your Benefits
- Fixed income for life
- Immediate income tax deduction
- Partial tax-free income
- Partial avoidance of capital gains tax on gifts of appreciated assets
Deferred Charitable Gift Annuity
Transfer assets to the Michigan Tech Fund which makes fixed payments to you for life that begin at a future date selected by you.
Your Benefits
- Fixed income for life beginning at set date
- Immediate income tax deduction
- Partial tax-free income
- Partial avoidance of capital gains tax on gifts of appreciated assets
- Removal of assets from taxable estate
Charitable Remainder Unitrust
Transfer assets to a bank or trust company to fund a charitable trust which makes variable income payments to you for life or a term of years
Your Benefits
- Variable income for life or term of trust
- Immediate income tax deduction
- Avoidance of capital gains tax on gifts of appreciated assets
- Removal of assets from taxable estate
Charitable Remainder Annuity Trust
Transfer assets to a bank or trust company to fund a charitable trust which makes fixed income payments to you for life or a term of years
Your Benefits
- Fixed income for life or term of trust
- Immediate income tax deduction
- Avoidance of capital gains tax on gifts of appreciated assets
- Removal of assets from taxable estate
Pooled Income Fund
Transfer assets to the Michigan Tech Fund’s pooled income fund which makes variable payments to you for life
Your Benefits
- Variable income for life
- Immediate income tax deduction
- Avoidance of capital gains tax on gifts of appreciated securities
- Removal of assets from taxable estate
Endowment Gifts—Create Your Lasting Legacy
Use any combination of outright, deferred, and life income gifts to establish a named endowed fund that will provide a perpetual stream of income to the Tech program of your choice. The size of the University’s overall endowment is perhaps the single most important factor in our ability to accomplish our goals and vision.