University of Wisconsin–Milwaukee

Gift Planning


Making a planned gift to the Peck School of the Arts enables you to realize your long-term charitable goals and make a significant impact on the future of the school. A bequest in your will, annuities, trusts, and investment income contributions are some common means of gift planning.

Planned giving specialists working with Peck School development staff can discuss a financial plan that meets your own income needs, provides substantial tax benefits, secures your family's future, and maximizes your charitable giving to strengthen the Peck School - all at the same time. Some common gift planning options include:

Bequest

A bequest is the most common form of deferred giving. It can give you peace of mind to know your final wishes will be honored, loved ones will be provided for and your commitment to the future of the Peck School is documented. A bequest is made by naming the UWM Foundation as a beneficiary in your will.

Because each individual situation is unique, we encourage you to work with your financial and legal advisors to create bequest language to arrange a gift which is purposeful, practical and very personally satisfying. Involving the Peck School's development staff will help ensure that your gift intentions will be properly documented, followed, and recognized according to your wishes. It is vital, of course, that your advisors have our correct legal name (see below), but additional planning may be needed, especially if you wish to establish an endowment for a specific purpose.

Use the following language to start a conversation with your estate planning advisors:

  • For a specific amount: "I give to the UWM Foundation, Inc., a not-for-profit Wisconsin organization with its principal office in Milwaukee, Wisconsin, for the benefit of the University of Wisconsin-Milwaukee Peck School of the Arts, the sum of $__________ to be used for____________" (Specify area of support)
  • For a percentage of your estate: "I give to the UWM Foundation, Inc., a not-for-profit Wisconsin corporation with its principal office in Milwaukee, Wisconsin, for the benefit of the University of Wisconsin-Milwaukee Peck School of the Arts, _____ percent (or all) of the residue of my estate, to be used for__________." (Specify area of support)

Gifts of Retirement Assets

A gift of retirement assets is an excellent way to support UWM and may provide significant advantages to you and your heirs. By naming the UWM Foundation as the primary beneficiary of your retirement assets, you are potentially saving substantial income and reducing estate taxes, for which your heirs would be responsible. You can also realize savings by naming a specific amount to be gifted to the University with the remainder going to your family. You can implement your wishes by simply advising your plan administrator of your decision and signing the required form.

Charitable Gift Annuities

This gift plan allows you to transfer cash or marketable securities to the UWM Foundation in exchange for a contractually guaranteed schedule of fixed-income payments, usually based on the ages of the beneficiary or beneficiaries. A charitable gift annuity allows you to claim an immediate charitable deduction on a portion of the value transferred, while reducing or deferring capital gains taxes on appreciated property.

Additional vehicles for gift planning include charitable remainder and charitable lead trusts, and life insurance policies. You can find out more about these in the Ways of Giving Brochure.