You want to leave money to Tulane University in your will. You also want the flexibility to change your will in the event that life circumstances change. You can do both.
In as little as one sentence, you can complete your gift. This type of donation to Tulane in your will or living trust helps ensure that we continue our mission for years to come.
Meet Tom and Martha. When they got married and created a will, they included a $75,000 gift to Tulane. As the family grew to include three children, Tom and Martha decided to revise their gift to ensure their children's future financial security.
They met with their attorney and revised the gift language so that Tulane received a percentage of their estate, instead of a specific amount. Tom and Martha now rest easy knowing their plans will provide for the people and charitable work they love.
Bob and Ellen are parents of a current graduating senior, Joshua. They want to make a gift to Tulane but would also like to provide for Joshua as he starts his new career. Bob and Ellen place assets valued at $100,000 in a 10% charitable remainder annuity trust which pays fixed income of $10,000 each year to Joshua for 5 years.
Bob and Ellen are eligible for an immediate federal income tax charitable deduction of approximately $53,921. At the end of the term of the trust, 5 years, the amount placed in trust, plus net earnings, minus the payments made will be transferred to Tulane to further its mission.
