The International Foundation for Ewha Woman University, Inc is a non-sectarian, non-profit organization. There are a number of ways in which you can contribute that will maximize the tax exempt benefits to yourself while contributing to Ewha. They include:
- Outright gifts to our Endowment Fund
- Trusts or “split-interest” gifts:
- Charitable Remainder Trusts
- Charitable Lead Trusts
- Bequests in a will
Gifts to the Endowment Fund
If you have assets that have substantially increased in value, you could avoid capital gains tax while receiving a full charitable deduction for the current value of the asset by making a gift.
Trusts and Split-Interest Gifts
Instead of an outright gift, you may prefer to make a grant in trust. For those who have the means or know someone who does, we ask you to consider a present day gift of a “split interest” (as opposed to an outright) gift. This would not only benefit the University, but would also provide immediate financial benefits to you in the form of tax deductions, and possibly future benefits in reduced estate taxes. There are two types of split-interest trusts:
A “Charitable Remainder Trust” is a trust in which the donor retains an income for life (or for a number of years) for him/herself and/or another, at the end of which time the principal goes to the charity. With a Charitable Remainder Trust, you can retain the income while receiving 1) an immediate tax deduction for the value of the charitable “remainder” (i.e., the value of what is left over for the charity), 2) avoid a potentially steep capital gains tax, and 3) avoid possible estate tax.
For those who do not need to retain the income but wish to benefit their loved ones after their death, there is a “Charitable Lead Trust;” i.e., a device by which the donor surrenders income that he/she really does not need, to a charity for a period of years or for life. Upon the termination of a predetermined period, the balance goes to his/her beneficiary. This results in 1) no income tax on the income that goes to the charity, and 2) reduced gift and estate taxes, since the bequest will be discounted to “present value”.
Bequests & The Helen Kim Heritage Society
Another option is to include a bequest to International Foundation for Ewha Womans University, Inc. in your will. If your estate is subject to estate taxes, such a charitable bequest is deductible.
To make a charitable gift in the form of personal property (such as a stock transfer), please contact our treasurer. To arrange for a trust or a bequest, we suggest you contact your attorney or accountant.
We have established the Helen Kim Heritage Society for the donors who include Ewha Foundation in their will.