Gift Planning Process: How to make a gift
Georgia Tech's Office of Gift Planning can work with you to arrange gifts that can change lives and fulfill dreams.
Bequests and other planned gifts are some of the greatest sources of funding for Georgia Tech. These gifts stabilize Tech's financial foundation, securing the future of Tech while perpetuating a legacy of giving.
Estate Gifts
The most common form of planned giving is an estate provision, which is made by naming the Georgia Tech Foundation or Alexander-Tharpe Fund as a beneficiary of the donor's estate. There are many ways to make such a gift.
Will or Living Trust Provision
Wills and living trusts are estate-planning instruments that enable you to direct the distribution of your
assets at your death. The drafting of your Will or living trust should be arranged with your attorney. Gift
Planning officers are available to confer with you and your attorney to draft appropriate bequest clauses
and designate the use of
your gift.
Gift of Retirement-Plan Assets
Designating the Georgia Tech Foundation or Alexander-Tharpe Fund as the beneficiary of your retirement-plan assets is a very tax-wise and easy way to make a gift for Georgia Tech's future.
Life Insurance
Life insurance provides security for those we care for after we are gone. Did you know that you can also provide security for Tech's future with your life insurance policy?
Estate Settlement
The Office of Gift Planning coordinates all estate and trust matters on behalf of the Georgia Institute of Technology and the Georgia Tech Foundation, Inc.
Life-Income Gifts
Are you considering making a gift to Georgia Tech, but don't think you can part with your assets now? Life-income gifts may help you meet both your philanthropic and personal financial goals. Life-income gifts provide income to one or more beneficiaries during their lifetimes, and also support Georgia Tech. The following are types of life-income gifts:
Charitable Gift Annuity
A charitable gift annuity is a great way to support Georgia Tech's future while supplementing your and/or your spouse's retirement income with the assurance of fixed quarterly payments.
Charitable Remainder Trust
A charitable remainder trust is a popular way of making a significant gift to Georgia Tech while providing income to the donor and/or other beneficiaries through fixed or variable payments.
Other Gift Plans
Making a gift to Georgia Tech while balancing your personal financial needs may seem daunting, but there are creative ways of structuring gifts to Tech that can satisfy both your philanthropic goals and family concerns.
Charitable Lead Trusts
This is a gift plan that allows you to provide a stream of gifts to Tech for a number of years, and then transfer assets to heirs at a reduced tax level.
Retained Life Estate
If you are interested in giving your home to Georgia Tech and receiving a charitable deduction now with you and your spouse living there for your lifetimes, you may wish to consider this gift plan.
Please note: Because the federal estate tax has been repealed for 2010, there is no current estate tax in 2010 for the gifts described on this page. However, the consensus opinion among professionals is that Congress will enact an estate-tax law that may be retroactive to January 1, 2010. It is very important that you seek the advice of your estate-planning attorney to determine what changes, if any, need to be made to your existing estate plans, and then again if Congress reinstates the estate tax sometime later this year.
Read more