Joan and Joe Lipic Joan and Joe met as undergraduate students at Saint Louis University. Their relationship with SLU has continued for over fifty years and they have become champions of the University's research and healthcare. Recently Joan and Joe made the important decision to remember Saint Louis University in their estate plans. More
Dr. and Mrs. Charles C. Drace Jr. Following in the footsteps of his father, Dr. Charles C. Drace Jr. graduated from Saint Louis University School of Medicine in 1939. His father was a 1900 graduate of the Marion Sims-Beaumont College of Medicine, the forerunner of Saint Louis University School of Medicine. More
Couple Commits $1 Million to SLU's Psychology Department Recounting his many experiences as a doctoral student at Saint Louis University, Dr. Richard Olson begins to chuckle at one of his favorite memories: a whiffleball game with some "friends." It sounds like a typical story until you hear about the game's rosters, which included psychology professors Gary Burger, Gene Davenport, Donald Kausler and two of Kausler's children. More
Grateful Alumnus Puts Trust in SLU Neurosurgeon Dr. Paul Pitlyk may live near San Francisco, but he left his heart in St. Louis. The native St. Louisan was one of 10 siblings and the only one to leave the Gateway City. More
A charitable bequest is one or two sentences in your will or living trust that leave to Saint Louis University a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.
an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan
"I give to Saint Louis University, a nonprofit corporation currently located at St. Louis, Missouri, or its successor thereto, ______________ [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."
able to be changed or cancelled
A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.
cannot be changed or cancelled
tax on gifts generally paid by the person making the gift rather than the recipient
the original value of an asset, such as stock, before its appreciation or depreciation
the growth in value of an asset like stock or real estate since the original purchase
the price a willing buyer and willing seller can agree on
The person receiving the gift annuity payments.
the part of an estate left after debts, taxes and specific bequests have been paid
a written and properly witnessed legal change to a will
the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will
A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Saint Louis University or other charities. You cannot direct the gifts.
An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our educational mission.
Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.
Securities, real estate or any other property having a fair market value greater than its original purchase price.
Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.
A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.
You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.
You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Saint Louis University as a lump sum.
You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Saint Louis University as a lump sum.
A beneficiary designation clearly identifies how specific assets will be distributed after your death.
A charitable gift annuity involves a simple contract between you and Saint Louis University where you agree to make a gift to Saint Louis University and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.