|
Annual
Giving
Annual contributions can be made directly to the Law
Center through the Annual Fund by mail or by utilizing the SULC Online Giving program.
Southern
University Law Center’s Greatest Needs
The Annual Fund provides unrestricted support for
the Law Center’s core activities. This support is
invaluable, and allows the Chancellor to respond to
pressing needs and create new initiatives in a fast
changing and complex legal environment.
Online
Giving
Online giving provides alumni and supporters the convenience of making contributions on the internet through a secured portal on the Law Center's website. Donors can use Visa, MasterCard, or Discover credit or debit cards to make a significant impact on the financial welfare of the Law Center which will directly affect the education of current and future students enrolled at the Law Center. The SULC online giving program even has a reoccurring gift option which allows donors to commit to monthly, quarterly, and semi-annual gifts.
Planned
Giving
A planned gift may enable you to satisfy personal
financial planning needs in addition to the Law
Center with important, long-term support. Some plans
may provide income for life (or a term of years), an
immediate income tax charitable deduction, avoidance
of capital gains tax, professional asset management
(if the Law Center serves as trustee). If a gift is
made through your will, you obtain significant
estate tax benefits.
Bequests
A provision in your will or living trust that
directs a portion of your estate to a named
beneficiary (such as the Law Center) is called a
bequest. A charitable bequest not only furthers your
lifetime commitment to the law school, but also
qualifies your estate for a charitable deduction
that can reduce estate tax liability. There are
several ways to make a bequest: You can arrange to
give the Law Center a specific monetary amount, a
piece of property, or a percentage of your estate.
Residual and contingent bequests provide first for
your family, and then, if circumstances permit, for
the law school.
Real
Estate
A gift of real estate is often an effective way to
make a major gift to a charitable organization such
as the Law Center, since the gift entitles the donor
to an income tax deduction for the property’s full
appraised fair market value.
Almost any
marketable real estate is suitable for a charitable
gift, including personal residences, farms,
commercial buildings, forest land, and shares in a
cooperative apartment corporation. Unencumbered
property is preferable and generates the greatest
tax benefit.
Retirement Assets
Older alumni may discover that they have accumulated
estates and retirement plans far in excess of
anything they ever imagined possible. Tax
burdens—sometimes more than 70 percent—can eat away
at retirement plan assets when they are left
outright to heirs. Making a charitable gift of
retirement assets is one way to lessen the tax
burden associated with such assets and to support
the Law Center at the same time.
If you
have any questions about making a gift to the Law
Center, please contact Apil W. Brumfield, Annual Fund Coordinator, (225) 771-5044, or e-mail,
abrumfield@sulc.edu. |