A legacy gift enables you to support Illinois Institute of Technology, secures the financial needs of your loved ones, and provides you with tax benefits. Legacy gifts of all sizes combine to help us meet our current goals and reach further into the future.
By including Illinois Institute of Technology in your will or trust, naming the school as a beneficiary of all or part of a life insurance policy, or taking advantage of other giving opportunities, you can preserve your assets now and support Illinois Institute of Technology for years to come. Your gift will have a real, lasting impact.
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When you make a gift to Illinois Institute of Technology from your will or trust, you'll be welcomed into The Gunsaulus Society and join other supporters and friends of our important mission.
If you've already included Illinois Tech in your plans, please let us know so we can properly thank you and make sure your gift will be used as you've intended.
Not only do you have options for how your gift will be used, you also have options on what to give and how to give. There are gifts that cost you nothing now, gifts that pay you income, and gifts that allow you to decide what happens when.
Through a provision in your written and executed will, you can make a gift in the form of cash, securities, real estate or personal property. There are many types of bequests. Choose the one that best fits your needs and intentions.
Naming Illinois Institute of Technology as the beneficiary of a qualified retirement plan asset such as a 401(k), 403(b), IRA, Keogh, profit-sharing pension plan or other donor-advised funds, will accomplish a charitable goal while realizing significant tax savings.
When you donate appreciated stocks, bonds, or mutual fund shares instead of cash, you'll receive charitable deductions at full, fair market value while reducing capital gains impact.
If you're 70 ½ or older, you can make a gift directly from your IRA to Illinois Tech . While there is no charitable deduction for a rollover gift, you do avoid the income tax on the donated portion of your required minimum distribution.
Designate Illinois Tech as a beneficiary to receive all or a portion of the balance of your Donor Advised Fund (DAF) through your fund administrator. You also can make a grant to us at any time from your donor-advised fund.
Name Illinois Institute of Technology as the beneficiary of an existing life insurance policy; donate an existing, paid-up life insurance policy you no longer need; or purchase a new life insurance policy and name Illinois Institute of Technology as the owner and beneficiary.
You can turn underperforming assets (stock, cash in a savings account, CDs, savings bonds, etc.) into a gift to Illinois Tech that provides income to you. Your Charitable Gift Annuity will give you quarterly, fixed payments for life and tax benefits, too.
Donors just like you have made a real impact just by adding a few words to their will or using one of the many giving options available.
Morgan Fitch Jr.
Marilyn W. John
(TD '56, M.S. EG '62)
Marilyn J. Kouba
(CHEM '50, M.S. '63)
(BE '63, M.S. PSYC '66)
(MET '68, Ph.D. '73)
Use the Form Below to Get In Touch with One of Our Planned Giving Officers.
Let us know how we can help you include Illinois Institute of Technology in your estate plans. Discussing your charitable intentions with us can lead to a much better result than going it alone - and will ensure that your gift is used just as you wish.
If you are working with a professional advisor, or advising a donor, here's a practical guide for including Illinois Institute of Technology in a charitable estate plan.