Discover the various meaningful giving options to support IIT Kanpur’s mission and legacy.
Donors give appreciated stocks, bonds, or mutual funds that are freely tradeable. The university sells them upon receipt and uses the proceeds.
Key Benefits to donors:A gift of life insurance involves donating an existing policy, purchasing a new one with the university as the beneficiary, or naming the university as a partial or full beneficiary of an existing policy. This planned giving vehicle allows donors to make a substantial future gift at a relatively low cost today.
Key Benefits to donors:A gift of qualified retirement assets involves naming the university as a beneficiary (primary, secondary, or contingent) of an individual’s retirement account. These gifts pass outside the will, making them simple to implement and efficient for both the donor and the university.
Donors can designate the university as a beneficiary of all or part of their tax-deferred retirement accounts (e.g., IRAs, 401(k)s, 403(b)s), creating a meaningful future impact while reducing the tax burden on heirs.
Key Benefits to donors:A bequest (or devise, in the case of real estate) is the most traditional and widely used form of planned giving. It refers to a gift made through a donor’s will or living trust, designating a portion of their estate to the university.
Bequests allow individuals to create a lasting legacy without affecting their current financial situation.
Key Benefits to the donor:Charitable trusts are sophisticated planned giving vehicles that allow donors to contribute assets to a trust that benefits both charitable and non-charitable beneficiaries. They are often used to balance philanthropic goals with personal financial planning, such as generating lifetime income or providing for heirs.
In the university context, charitable trusts offer powerful opportunities for legacy giving while delivering income, tax benefits, and long-term support for education, research, and scholarships.
Key Benefits to the donor:A Donor-Advised Fund (DAF) is a philanthropic vehicle established at a public charity that allows donors to make a charitable contribution, receive an immediate tax deduction, and then recommend grants over time to qualified nonprofit organizations.
In the context of planned giving to universities, DAFs enable alumni and supporters to contribute assets (such as cash, securities, or other investments) to a DAF, and later direct distributions ("grants") from that fund to the university’s programs, scholarships, capital projects, or endowments.
Key Benefits to the donor: