Mizzou Annual Fund The Mizzou Annual Fund plays an important role in supporting numerous University of Missouri-Columbia schools, colleges and organizations.
Donors to the Mizzou Annual Fund may select a specific beneficiary of their gift, such as a college, school, endowed scholarship. Donations also may be used to:
Support student scholarships and internships.
Support research in the MU Comparative Orthopaedic Laboratory. It is the first one in Missouri and only the third of its kind in the nation.
Donate to assist us in researching medical technologies like our work in regenerating connective tissue in the knee.
Check or Credit Card
Many donors find that the easiest ways to make a gift to the Mizzou Annual Fund are by check or credit card. Checks may be made payable to the University of Missouri-Columbia and mailed along with a pledge form* to:
Mizzou Annual Fund
401 Reynolds Alumni and Visitors Center
University of Missouri-Columbia
Columbia, MO 65211
The Mizzou Annual Fund also accepts gifts through Visa, MasterCard and Discover cards. To make a gift with a credit card, please choose one of the following options:
Call us toll-free at 1-877-GIFT2MU with your credit card information.
Mail in a pledge form and include your credit card information. You may download a pledge form* and mail it to the address above.
*You must have Adobe Acrobat Reader to view the pledge form.
Bequests are one of the easiest forms of planned giving. A bequest may be provided through a will or trust, but it must be worded correctly in order to ensure that the donor’s wishes are fulfilled. The Office of Gift Planning and Endowments will provide sample language that may assist in establishing a bequest.
Donors may name the University as the beneficiary of their retirement account. This gift option may provide significant income tax and estate tax benefits.
Permanent life insurance policies may be donated to the University. Donors will obtain the greatest tax benefits by naming the University of Missouri-Columbia as both the owner and beneficiary of the gifted policy.
Gifts That Give Back
Donors and the University both receive financial rewards through the following three types of gifts:
When donors transfer cash or other assets to a charitable remainder trust, these funds are invested, and quarterly income from the trust is paid to the donor or to others chosen by the donor. When the trust is terminated, the remaining funds are transferred to the University.
The University’s Pooled Income Fund is similar to a mutual fund. This fund allows gifts to be “pooled” with those from other donors, and prorated shares of the fund’s earnings are distributed to all donors. After a donor’s lifetime, the remainder of his or her interest in the fund is transferred to the University.
A retained life estate allows donors to conrtibute their home to the University while continuing to live there. The University becomes the sole owner of the property either when donors choose to move from their home or after their lifetime.
The information provided above on planned gifts is presented in summary form. For an illustration of a planned gift tailored to a specific request, donors may contact the Office of Gift Planning and Endowments. Also, donors should consult with their attorneys or tax advisers for legal and tax advice.
Donors who would like to be recognized for major and planned gifts may select membership in the Jefferson Club or the Legacy Society.
The Jefferson Club was created in honor of Thomas Jefferson, whose principles of higher education were used to establish the University of Missouri-Columbia as the first state university located in the Louisiana Purchase territory.
The Legacy Society honors donors who have provided gifts to the University through a variety of estate-planning methods, such as bequests in a will or trust, charitable remainder trusts, pooled income funds or gifts of life insurance.
The John W. Connaway Society was established to honor donors to the College of Veterinary Medicine. John W. Connaway is acknowledged as the person most responsible for bringing formal veterinary medical education to the University of Missouri.
A charitable gift annuity enables you to transfer cash or marketable securities to the charitable organization issuing the gift annuity in exchange for a current income tax deduction and the organization's promise to make fixed annual payments to you for life. Annuity payments can begin immediately or can be deferred to some future date.
The annuity rates offered by the organization are based on your age. The older you are, the higher the rate. Based on your age of 74, the annuity rate is 6.9%.
If you transfer assets worth $10,000.00, the charity will pay you $690.00 each year for your lifetime. These payments will commence on March 31, 2005.
Depending on the type of asset you contribute, a portion of your payment may be taxable to you as a combination of ordinary income, long-term capital gain, and a tax-free return of principal. This report has been calculated assuming a contribution of cash. Each of your next 13.1 years payments of $690.00 will contain $439.27 of tax-free income and $250.73 of ordinary income. All income will be ordinary after 13.1 years.
Income Tax Deduction
As its name implies, a charitable gift annuity is part charitable gift and part purchase of an annuity contract. The gift portion of your transfer is deductible for income tax purposes. Based on your information, your deduction would be $4,245.54.
The tax rules limit the amount of charitable deduction you can claim each year. This limit varies based on your income and the type of asset you contribute. We would be pleased to discuss the application of these rules to your specific circumstances.
We invite you to contact us for additional information regarding this gift instrument or your other gift planning options.
Gift Annuities Defined
A gift annuity is a simple, contractual agreement between one or two donors and Mizzou in which you transfer assets to us in exchange for our promise to pay you lifetime payments.
By donating through a gift annuity, you can accomplish two things: (1) contract for a fixed payment for yourself or yourself and another individual, if you choose, and (2) make a gift to Mizzou. If you itemize deductions on your tax return, savings from the charitable deduction reduce the net cost of the gift.
For a period of years, based on a government table of life expectancies, a portion of each payment received is considered a nontaxable return of your investment in the gift. This further increases your after-tax dollars available for spending or investing.
In addition to the annuity payment you receive, an annuity funded with appreciated property results in these advantages: (1) the gain allocated to the gift portion completely avoids the capital gains tax, and (2) the portion of gain to be recognized can be spread over the expected term of the contract (provided that the donor is a primary annuitant and the annuity interest is assignable only to the charitable organization).
Understanding Annuity Rates
Annuity rates are higher for older annuitants and lower for younger annuitants, based on life expectancy. As a result, gift annuity contracts are generally more appealing to older donors because the purchasing power of a fixed dollar return can shrink over any long period, even with modest inflation.
Rates are also adjusted according to the number of annuitants, with rates for two-life contracts often lower due to the extended life expectancy. The age of a recipient is the age reached at the nearest birthday, and rates are the same for men and women.
A specific annuity rate is a matter of agreement between the donor and the issuing charitable organization. Below you'll see how one-life annuity rates increase with age. These rates are recommended by the American Council on Gift Annuities and are redetermined annually. Check with your financial advisor or The Office of Gift Planning and Endowments at Mizzou for current rates.
*Please be advised that not all organizations offer CGAs at the above ages and rates. Contact the University of Missouri - Columbia for specific information.
For More Information
Charitable gift annuities are an excellent method of achieving your philanthropic goals and gaining substantial tax benefits. As with most contract agreements, however, before establishing a charitable gift annuity, it is best to consult knowledgeable professionals.
University of Missouri - Columbia is available to answer any questions and provide projected results for your specific situation, in confidence and with no obligation.
There may be minimums associated with this type of gift. Please contact The Office of Gift Planning and Endowments at 573-882-0272, or via e-mail at firstname.lastname@example.org, before making such an arrangement.
If you would like to receive more information about charitable gift annuities, e-mail The Office of Gift Planning and Endowments at email@example.com to request your free ebrochure. Then, we'll send you a copy of the brochure via e-mail.
Perpetual Pet Care Program
The Perpetual Pet Care Program at the University of Missouri College of Veterinary Medicine provides comfortable homes for pets whose owners are temporarily incapacitated or who have passed away. It provides peace of mind for pet owners who want to ensure that their animals will be cared for in homes after they are no longer able to care for their pets themselves. In addition to providing care for these special pets, the program provides support for the CVM’s mission.