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The newest trend in philanthropic support of university athletics programs is through the mechanism of deferred or planned giving. Many Kansas State contributors may find this an opportunistic way to provide resources at a level that they would not otherwise be able to accomplish through cash gifts.

Benefits to the donor would be additional priority points to commensurate with the value of the gift and duration of the gift. Deferred gifts do not replace annual giving requirements derived from the priority seating and parking program, but many donors find great satisfaction in knowing that their gifts will continue to benefit Kansas State student-athletes far into the future.

Kansas State supporters have a variety of ways to give to the athletic department. In addition to gifts of cash, the department also receives gifts of securities, retained rights to the use of real estate, gifts of real estate, matching gifts and gifts-in-kind.

Below is a list of deferred gifts:

Bequests - Bequests are important to assuring Kansas State’s position as a leader in the Big 12 Conference as well as nationally. All bequests should be made to the Kansas State University Foundation. The donor can then designate the Kansas State Athletics Department to benefit from the bequest. Bequests enable the department to consider these expectancies in long-range planning for gift support.

Gifts of Life Insurance - When properly arranged, life insurance offers an attractive way to benefit Kansas State Athletics. The department currently encourages policies at a minimum of $1 million.

Testamentary Charitable Remainder Gift - A charitable bequest can be arranged to provide income for a selected beneficiary (i.e. nephew, niece, friend) by directing that the bequest be used to establish a charitable remainder annuity trust, a unitrust or a charitable gift annuity. The named beneficiary may receive income from the trust for life, or for a specified number of years. When the trust is terminated, the principal will pass to Kansas State Athletics. In addition to the personal satisfaction of making a philanthropic gift, the estate will receive a charitable tax deduction, reducing estate settlement costs.

Life Income Gifts – Life income gifts provide donors with options to retain annual or more frequent income for a lifetime or period of time. When funded with appreciated assets, these popular arrangements avoid capital gain tax, produce income tax deductions and benefit the donor’s athletic program of choice. These types of gifts include:

Annuity Trust - An annuity trust pays a fixed amount that never varies from year to year. The amount is established when the trust is created.

Gift Annuity – A gift annuity is a simple contract between you and the Kansas State Athletics Department. In return for your gift, the department will pay you a fixed sum on a regular basis throughout your lifetime. An additional benefit is that only a portion of that income is taxable.

Deferred Gift Annuity - A deferred gift annuity is a valuable tool for retirement planning. Contributors make a current gift to Kansas State Athletics, but delay receipt of income until a pre-selected date.

Charitable Reminder UniTrust - The unitrust is used to make a life income gift that specifies a percentage of payout to a designated beneficiary. The beneficiary receives regular income payments, equal to the percentage of the trust assets as revalued annually.

Gifts of Retirement Plan Assets – Retirement plan assets offer another tax-effective way to make a generous gift to Kansas State Athletics. The account can pass directly to the department as the primary beneficiary, or it can be transferred to a deferred giving arrangement that will pay an income for life to a family member, after which the remaining assets pass to the athletics department.
Kansas State Athletics recommends that donors consult a tax adviser or attorney for assistance in preparing an estate plan.

For more information on the deferred giving program, please contact Chad Weiberg in the Development Office at (785) 532-6901.