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The Equine Science Center has begun a campaign
to endow the Center and its programs, with a goal of $3 million that
will allow the Center to operate and continue its teaching, research and
outreach in perpetuity. We are asking all donors to consider directing
their gifts to the endowment.
To accomplish the endowment,
the Rutgers
University Board for Equine Advancement (RUBEA) endorsed the
creation of the
“Community of 50 for Equine Excellence” – individuals and
organizations making major gifts through the Rutgers University
Foundation. Most members of the Community of 50 have pledged gifts at
the President’s Council level ($10,000 or more) for six years;
President’s Council status gives donors special recognition by the
University at the highest levels. To understand better the motivation
and impact for such giving, please read about members of the Community
of 50
“in their own words.”
Many members of the horse community
have chosen to give to the Equine Science Center in memory of or in
honor of a loved one or beloved animal. Milestones, such as birthdays,
anniversaries, celebrations, events and other occasions, are remembered
this way, as well as the passing of a horse or pet. The names of those honored or memorialized appear on the
Equine Science Center
Honor Roll. Forms used to make “In Honor Of” or
“In Memory Of” gifts for
beloved family and friends or
pets and other animals are available for download.
Gifts to the Equine Science Center may be made in a
variety of forms, including cash, securities and real estate, or through
planned gifts, such as bequests and life income agreements. Read further
for descriptions
of these gift types and
how to make a gift.
Gifts are tax-deductible to the full extent permitted by the Internal
Revenue Code.
How to Make a
Gift
By mail ─ address gifts or inquiries to:
Equine Science Center
57 U.S. Highway 1
New Brunswick, NJ 08901-8554
Online:
We are now able to ensure that your online gift to the Equine Science
Center is completely secure.
Visit the Rutgers University Foundation "Make a Gift" web page.
From the drop-down menu under "Select a fund from one of the following
categories:" please select
"Other."
In the box which appears under the words "If your gift/pledge is designated
to a fund that does not appear in the list above, please indicate the fund
name:" please type "Equine Science Center" and click "Continue."
On the new web page, please fill out the form as you would any other online
form and click "Submit Donation."
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Types
of Gifts
Cash Gifts:
Send a check check payable to the Rutgers University Foundation and designate
the Equine Science Center on the memo portion of your check.
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Commemorative Gifts:
Commemorating a special person with a gift to Rutgers can be tremendously
satisfying. It is a lasting tribute to a friend, colleague, or loved one and
provides valuable support to New Jersey's leading research university.
A gift "in honor of" someone is usually made while that person is living,
often for milestone occasions such as a graduation, promotion, birth of a
child or grandchild, or retirement. A gift "in memory of" someone is the
term used when the namesake is deceased. All these gifts are referred to as
commemorative.
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Gifts of Securities:
While many donors prefer to make gifts of cash, many are taking
advantage of contributing gifts of long-term appreciated securities
to support Rutgers. To make your gift of securities, please call the
Development Office at 732-932-9000, ext. 576.
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Gift Planning:
By including the Rutgers Equine Science Center in your
financial and estate plans, you may increase your current income and
provide future support for areas of the university important to you.
Often you can make a larger gift that you might not have thought
possible.
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Life Insurance:
If you already own a policy with a significant cash surrender value,
you may be able to make a major gift without affecting your current
investment or cash flow. For example, you may have bought a policy
years ago when family needs were great. Now your children are on
their own, and you no longer need that protection for them. The
donation of an existing whole life policy will carry a charitable
deduction of approximately the cash surrender value.
Deferred Payment Gift
Annuity:
This type of gift is a contract between you (the donor) and the
Rutgers Foundation whereby the foundation guarantees to pay you, or
persons you designate, income for life in exchange for a gift of
cash or marketable securities. There are some rules. The gift must
be valued at $5,000 or more, and you may not receive the income
until after your 55th birthday. The income you will receive varies
depending on your age when payments begin. The benefits include
possibly increasing your retirement income, reducing current income
taxes, and reducing future estate taxes. You may name yourself and
your spouse or another person to receive the income.
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Charitable Remainder Trusts:
Variations of this program are called a Charitable Remainder
Unitrust or a Charitable Remainder Annuity Trust. Whatever the
title, these programs pay quarterly interest to one or more people
for life or a specified number of years. Eventually the amount
remaining in the trust passes to Rutgers. An amount of $100,000 or
more is recommended with this strategy, because each trust is a
separate managed portfolio of investments, designed to meet your
individual needs. The donor is entitled to an income gift and estate
tax charitable deduction. The donor can avoid the capital gains tax
by giving appreciated property or securities
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Charitable Lead Trusts:
Lead trusts are the opposite of remainder trusts. Income from these
trusts is paid to Rutgers for a term of years or a lifetime, and
then the trust investments are returned to you or your family.
Besides providing support to Rutgers, you can receive significant
gift or estate tax deductions. Properly planned, this can enable you
to pass on property that you expect to grow in value with little or
no estate tax.
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The Pooled Income Fund:
This program is essentially a charitable remainder trust with many
participants. It is similar to a mutual fund in that each donor
receives a proportional share of the income generated by the
investments. You must be 45 or older and willing to make an
irrevocable gift of $5,000 or more to participate. You will receive
a quarterly payment for the rest of your life. Other benefits
include taking a charitable income tax deduction for a portion of
your gift, the removal of your gift from your taxable estate, and
all income from the fund is taxed as ordinary income. If your gift
includes long-term appreciated securities, you will avoid a capital
gains tax on that appreciation, so that the income you receive is
based on the full value of your investments.
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Real Estate:
Highly appreciated real estate can be a tax burden. Donating the
property to Rutgers can bring tax advantages similar to that of
donating appreciated securities. If you have owned the property for
at least one year before giving it to Rutgers, you earn a charitable
deduction equal to the full fair market value, less any outstanding
mortgage. The property is also removed from your taxable estate.
Options exist that allow you to give your home to Rutgers and
continue to live in it or to derive a lifetime income from the
property
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Matching Gift Programs:
If you work at one of the 1,000-plus U.S. companies that have
matching-gift programs, you can dramatically increase the impact
your gift makes to the Equine Science Center.
These companies recognize the importance of giving, and will match
their employees' gifts, often 1:1 and sometimes more. Please check
with your employer's personnel office to see if your company offers
this benefit.
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Tangible Personal Property:
A gift item directly related to Rutgers' broad mission of research,
education, and public service is often fully tax deductible at its
fair market value. Gifts not related to Rutgers' mission are
deductible based on what you paid for the item. This is called a
cost basis deduction. If you are interested in giving Rutgers some
personal property, the Development Office can help you
sort out the differences.
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Bequest:
No one can predict the future. Affecting the future is another
matter and entirely possible. One way to introduce your ideals and
goals to future generations is to leave a legacy gift to Rutgers.
Perhaps you want to ensure that the Equine Science Center continues
to have the most advanced equipment, or that bright - but
financially strapped - graduate students have access to fellowships.
Or, you may wish to support the Equine Science Center’s mission of
excellence in education, research, and outreach. Whatever you
select, you can be certain that a bequest to Rutgers will carry your
goals forward.
Legacy gifts are among the most popular types of deferred gifts
because of their great impact and because they are completely
revocable. Should your circumstances or goals change, the bequest
amount or ultimate designation can be easily altered. There are
several ways to make a bequest to Rutgers. You and your attorney can
decide which is best for you. The Development Office
would be happy to provide sample wording for your review and your
attorney's opinion.
If you decide to include Rutgers in your will, please consider
alerting the Development Office in advance. This helps
the university plan for the future and acknowledge donors while they
are still living. You also become eligible for membership in the
Colonel Henry Rutgers Society. Society members receive a seasonal
newsletter featuring articles on Rutgers and financial planning
tips. In addition, Colonel Henry Rutgers Society members are invited
back to campus for an annual luncheon featuring a lecture by one of
the university’s esteemed faculty. Members are also invited to
special events around the country.
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Charitable Lead Trusts:
This very sophisticated strategy is also called a Charitable Annuity
Lead Trust. The bare bones of it include setting up a trust that
pays income to a nonprofit entity, such as the Rutgers Foundation
with a designation to the Equine Science Center, for a specific
period of time. At the end of this term, the remaining assets in the
trust are turned back to the donor or the donor's heirs. Depending
on the circumstances, this arrangement may reduce or eliminate
inheritance taxes and pass future appreciation on to your heirs
unaffected by any taxes.
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Charitable Remainder Trusts Combined with a Noncharitable Trust:
This is another beneficial package. A Charitable Remainder Trust can
provide you or your spouse with lifetime income. Combined with a
noncharitable trust, such as a trust for a minor child or an
educational fund for your grandchildren, it can help you
advantageously distribute your assets.
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Replacing
an Asset with An Insurance Policy:
This is a creative use of life insurance. Make a donation to Rutgers
-- securities, real estate, cash, personal property, whatever --
and, with the tax savings, buy a life insurance policy for the value
of the donation. Life insurance can pass without tax to your heirs.
Remember, tax savings will vary depending on the type and
circumstances of the gift.
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For further information on making a gift in support of the Equine
Science
Center:
Contact Diana M. Orban Brown at the Equine Science Center
Phone: 732-932-9419
Email:
esc@njaes.rutgers.edu
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