Including a bequest to University High School in your will or trust allows you to make a substantial gift to the school without needing the disposable income or assets to do so now.

Through your will or trust, you can give:

• A specific sum of money or specific property.
• A percentage of your total estate.
• All or a percentage of the remainder of your estate after all other bequests are satisfied (called a “residuary bequest”).

If you or your attorney would like University High School to provide you with customized beneficiary language that is specific to your goals and interests, please contact Adrianne Glidewell Smith, director of advancement, via email at aglidewell@universityhighschool.org or at 317-733-4475, ext 133.

If you have already arranged a bequest to University High School in your will or trust, please notify Adrianne Glidewell Smith, director of advancement, via email at aglidewell@universityhighschool.org or at 317-733-4475, ext 133.

Designate University High School as a beneficiary of a life insurance policy or retirement account and avoid taxation upon payout.

There are many options for giving through a retirement account or life insurance policy:

• Name University High School as the sole or partial beneficiary of a life insurance policy or retirement account you already own.
• Purchase a new life insurance policy and name University High School as the sole or partial beneficiary. In addition to this being a way to support University High School, you will also receive an income tax deduction.
• Transfer a paid‐up life insurance policy to University High School (also called “absolute assignment”).

Contact your retirement plan administrator or insurance agent to discuss these giving options. If you choose to make a gift through a life insurance policy or retirement account, please notify Adrianne Glidewell Smith, director of advancement, via email at aglidewell@universityhighschool.org or at 317-733-4475, ext 133.

Get tax credit by designating your IRA’s required minimum distribution for University High School (for individuals over age 70 ½).

The Protecting Americans from Tax Hikes (PATH) Act of 2015 made permanent what is known as the IRA charitable rollover. With an IRA charitable rollover, individuals who are older than 70 ½ may make a charitable distribution from a traditional IRA or Roth IRA of up to $100,000 without having to include in their gross income.

Here are the rules and requirements of an IRA charitable rollover:

• Donor must be age 70 ½ or older.
• The gift must be made directly from the IRA to the eligible charitable organization (University High School).
• Gifts to all charities combined cannot exceed a total of $100,000 per taxpayer per year.
• The gifts must be outright, and no material benefits can be received in return for the gifts. Thus a transfer for a gift annuity, charitable remainder trust, or pooled income fund is not permitted.
• Gifts cannot be made to a donor advised fund, supporting organization, or private foundation.
• The gift is not included in taxable income, and no charitable deduction is allowed.
• The gift can be made only from a traditional or Roth IRA. Gifts from 401(k), 403(b), and 457 plans are not permitted.

To direct an IRA charitable rollover to University High School, contact your IRA administrator and instruct a transfer to the school. Then, contact Adrianne Glidewell Smith, director of advancement, via email at aglidewell@universityhighschool.org or at 317-733-4475, ext. 133 to notify her of the gift.

Give a charitable gift to University High School that also provides you with a fixed income stream for your lifetime.

A charitable gift annuity is a contract between you and University High School whereby you transfer assets to the school, getting a partial tax deduction, and the school agrees to pay you income for the remainder of your lifetime. Income rates are based on the donor’s age and are set by the American Council on Gift Annuities.

To discuss options for a charitable gift annuity, contact your financial advisor and Adrianne Glidewell Smith, director of advancement. You may reach Adrianne via email at aglidewell@universityhighschool.org or at 317-733-4475, ext. 133.