What the Unsettled Economy Means for Your Giving

You’ve likely heard the phrase “uncertain times” before when the economy was unpredictable. It’s something many of us are now hearing again.

We know your commitment to University of Massachusetts Foundation remains steadfast. But we also respect that in moments like these, you want to make sure your financial future stays strong.

The good news: You don’t have to choose between the two. In fact, you have several gift options that can make an impact at UMass Boston while you protect yourself and your loved ones.

Gifts That Require No Money Today

A gift in a will or trust: It takes as little as one sentence in your will or living trust to support us after your lifetime.

Beneficiary designations: Name the University of Massachusetts Boston as a percentage beneficiary of a retirement account or life insurance policy.

Gifts That May Offer Tax Benefits

Donor advised fund (DAF): Add funds to an existing DAF or open a new one to qualify for a tax deduction. Ready to make an impact? Recommend a grant (or recurring grants) to support UMass Boston.

A gift from your IRA: If you are 70½ or older, you can give from your IRA directly to the University of Massachusetts Boston without paying income taxes. If you are required to take minimum distributions, you can use your gift to satisfy all or part of your obligation.

Appreciated stock: Despite market volatility, if you have held stock for at least one year that has risen in value, you could donate it, qualify for an income tax deduction and eliminate any tax on the appreciation.

We’re Happy to Help

For guidance on the best ways to leave a legacy at University of Massachusetts Foundation, reach out to Anthony J. Barbuto, Esq. at 617.388.4558 or Anthony.Barbuto@umb.edu. We’d be happy to explain the many options available to you.