Legacy Associate Giving

Leave Your Legacy

Connect your love of animals with the WSU Veterinary Teaching Hospital to leave your legacy. Legacy gifts are a way to manage your affairs, plan for the future, and make a meaningful difference. It is also a way to honor your pet’s caregivers.

Smart legacy gift planning has many benefits such as increased income, reduced taxes, and a chance to see your gift at work. Different types of assets can be gifted, including real estate, stock, retirement assets, and more. You can add the veterinary hospital to your will, revocable living trust, or as a beneficiary designation anytime, and you can also specify when and where you want your gift to be used.

Your legacy gift could:

  • Save a beloved animal’s life from cancer
  • Make school more affordable for a student
  • Diagnose a patient to start treatment sooner
  • Provide care to an animal in need
 

Let us show you how easy it is to create your legacy. 

For more information about leaving your legacy call 509-335-4835 or email kayann@vetmed.wsu.edu or visit the WSU Foundation gift planning page.

 

"Our gift is a reflection of the way we were treated at WSU. Everyone—the doctors, students, main desk—all were totally wonderful to me."

—Russ Vance

Ways to Leave Your Legacy

Your GiftYour GoalHow it WorksYour Benefits
Bequest
  • Maintain control of your assets during your lifetime
  • Make a gift to WSU at your death
You designate WSUF as a beneficiary in your will, trust, or other instrument.
  • You can use your assets and income during lifetime
  • Flexible - you can adjust bequest provisions as goals change
  • Reduce your taxable estate
Charitable Gift Annuity
  • Receive reliable fixed income for life
  • Avoid capital gains tax on the sale of appreciated property
  • Receive a charitable deduction
You transfer cash or appreciated property to WSUF in exchange for our promise to pay up to two individuals fixed income for life. What is left when the annuity matures will support WSU.
  • A lifetime of predictable income
  • Partial bypass of capital gain and possible tax-free payments
  • Reduce your taxable estate and receive a charitable tax deduction
Charitable Remainder Trust
  • Enjoy regular income for life or a term of years
  • Transfer your appreciated property without paying capital gains tax
  • Support multiple charities
  • Receive a charitable deduction
You transfer cash or appreciated property to fund a charitable trust. The trust provides you and/or others with income for life or a term of years. What is left when the trust matures will support WSU
  • Income for life or term of years
  • Possible income growth over time
  • Partial bypass of capital gain and possible tax-free payments
  • Charitable tax deduction
Charitable Lead Trust
  • Provide annual support for WSU
  • Reduce estate taxes while still passing property or assets to your heirs
You transfer cash or property to fund a trust that makes a gift to WSU for a number of years. You receive a charitable deduction for the gift. Your heirs receive the remainder at substantial tax savings.
  • Allows you to transfer trust assets to your heirs and substantially reduce your gift and estate taxes
Life Insurance Policy
  • Make a substantial gift to support WSU, but do not have the assets to do so
  • No longer need the policy
  • Need a charitable deduction
You make WSUF the owner and beneficiary of a new or existing policy.
  • You can make a large gift to WSU
  • You can deduct annual premium payments
  • Reduce your taxable estate and receive a charitable tax deduction
Qualified Retirement Plan (IRA, 401(k), 403(b))
  • Support WSU and transfer the most cost effective assets to family members at death
  • Reduce taxable estate and future tax burden of heirs
You make WSUF the beneficiary of your retirement plan account(s).
  • Retain the benefit of receiving retirement distributions during your lifetime and reduce your taxable estate
Retained Life Estate
  • Remain in your home for life
  • Farm or vacation property no longer needed
  • Receive a charitable income tax deduction
You transfer the title of your property to WSUF, but retain the right to use the property during your lifetime.
  • Retain the use of home or other property during lifetime while receiving an immediate tax deduction
*All legacy gifts go through the WSU Foundation, a 501 (c) 3.

 

Dave and Debbie RubensLong-time grateful clients Dave and Debbie Rubens are leaving a generous legacy gift that will provide cancer and orthopedic care to animal patients at WSU. Their dog Shania, a Border Collie, lived two more happy years after receiving cancer treatment, and their beloved 27-year-old Amazon parrot, Shadow, received life-saving care at the veterinary hospital.
Washington State University