Legacy Giving

Legacy Giving

Office of Development
Johnson Alumni Center
5050 E. State Street
Rockford, IL 61108
direct: 815.226.3371
cell: 815.218.8842
Bernard J. Sundstedt `77
VP for Institutional Advancement
legacy@rockford.edu

Give a Gift

Invest in Our Future

Endowed Gifts

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An endowment gift to Rockford University today provides a brighter picture for our future. When you make a donation to our endowment, you give a gift with both immediate and long-term benefits.

Here's how it works: Endowment donations are invested. A portion of the annual income from the investment is used to address immediate needs at Rockford University. The remaining funds are reinvested to ensure indefinite support.

Check Out This Potential Scenario

Couple Smiling Longtime supporters Susan and Charlie have two goals: First, they want to make sure the University continues to receive support after they're gone. Second, they want to memorialize Charlie's parents, Mr. and Mrs. Jones.

Susan and Charlie make a $25,000 donation to the University, which we invest, and each year, a portion of the income from the invested money will be used to support our mission in honor of the Joneses. Plus, Susan and Charlie get a federal income tax charitable deduction on their taxes because they made a lump-sum gift.

Learn How to Fund It

You can create an endowed gift using the following assets:

Ready to start paying it forward? View and download your FREE copy of Endowments: A Gift That Lasts Forever.

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Ensure Your Future Is Secure.

Download our FREE Personal Estate Planning Kit

Next Steps

  1. Seek the advice of your financial or legal advisor.
  2. Contact Bernard J. Sundstedt `77 at 815.226.3371 or legacy@rockford.edu to discuss endowed gifts.
  3. If you include the University in your plans, please use our legal name and federal tax ID.

Legal Name: Rockford University
Address: 5050 East State Street, Rockford, IL 61108
Federal Tax ID Number: 36-2167842

A charitable bequest is one or two sentences in your will or living trust that leave to Rockford 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

Bequest Language

I leave (e.g. % of your estate, $amount, residue) to Rockford University, an Illinois nonprofit corporation, Tax ID 36-2167842, to be used for (*fill in from options below). *general support of educational programs and activities *financial need-based scholarships *academic merit-based scholarships

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 the 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 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 gift 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 receive an immediate federal income tax charitable deduction. 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 the University as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. 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 the 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 the University where you agree to make a gift to the 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.

Personal Estate Planning Kit Request Form

Please provide the following information to view the materials for planning your estate.

eBrochure Request Form

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