Planned Giving


 

Central State University established The 1887 Legacy Society as a way to honor Alumni & Friends who have designated a principal or legacy gift to the University. The 1887 Legacy Society is open to anyone who has a desire to ensure the future of Central State University.

The Office of Planned Giving endeavors to maximize donor's contribution and tax-saving potential. There are several ways to leverage your gift into a larger one through the use of assets such as stocks and securities, life insurance, retirement accounts, a personal will, and property such as artwork and rare books as gift options. Planned Giving is a tool in which you can secure increased tax benefits and/or supplementary income. Benefits include earned life income, and the reduction of capital gains income and estate taxes. Below are some of the most popular methods for making the most of your contribution.







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Principal Gifts
Principal Gifts are gifts of $50,000 or more to Central State University by an individual.

Bequests
A Bequest is making a gift of property in your will. Making a bequest to Central State University is as simple as designating the University as the beneficiary of property.

Wills
The simplest way to leave a legacy to Central State University is making a provision in your will. You may name Central State University as a whole or partial beneficiary in your will.

Life Insurance
Giving a life insurance policy is a great way to make an impact on Central State University. You can leverage a small investment to make a larger gift to support Central State University.

Charitable Lead Trusts
Charitable lead trusts are designed to reduce beneficiaries’ taxable income by first donating a portion of the trust’s income to charities and then, after a specified period of time, transferring the remainder of the trust to the beneficiaries.

Charitable Remainder Trusts
A Charitable Remainder Trust is an arrangement in which property or money is donated to a charity, but the donor continues to use the property and/or receive income from it while living. The beneficiary receives the income and the charity receives the principal after a specified period of time. The donor avoids and capital gains tax or the donated assets, and also gets and income tax deduction for the fair market value of the remainder interest that the trust earned.

Gift Annuities
Charitable Gift Annuities are designed to provide support for Central State University as well as provide you and/or your designated beneficiary with a fixed payment for the life of the individual.

Retirement Plan
A gift of a retirement plan is a designation of Central State University as a whole or partial beneficiary on your retirement plan, 401k, 403b or IRA.

Central State University Appreciates

The 1887 Legacy Society Members

John Angell

Janet Angell

* Esther Bronston

M. Alice Callier ’62

Yvette Coursey ’63

Cheryl Dowdell ‘73

Hugh Douglas

James Elam ’54

John W. Garland ‘70

Carolyn Farrow-Garland ’71

Waverly Glover ’50

Ronald Goldsberry ’64

Ernie Green

Della Green

Ronald Hayes ‘63

James Hill, Jr. ’64

Richard Lapedes

Maureen Lynch

* James P. Marable ‘50

Doris Nicholson ‘51

* Gene Norman

* Audrey Norman-Turner ’68

* Dorothy Palmer ’49

L. Kimberly Peoples ’66

Deborah Perkins ‘73

David Price ’56

James Renick ‘70

Peggy Renick

Richard Shepherd ‘71

Betty Shepherd ’71

Curtis Symonds ’78

Leatrice Thomas ‘57

*Gwendolyn Walters ’57

Patricia Walton

Urcelle Carter Willis

*Deceased