Your Gift Can Last Forever

The Power of an Endowed Gift on Pennsylvania State University

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View and download your FREE copy of Endowments: A Gift That Lasts Forever.View My Guide

An endowment gift to Pennsylvania State University today provides a brighter picture for our faculty and future students. When you make a donation to our endowment, you give a gift with both immediate and long-term benefits.

Endowment donations are invested. A portion of the annual income from the investment is used to address immediate needs at Penn State. The remaining funds are reinvested to ensure indefinite support.

An Example From Penn State

Dr. Larry BeuchatDr. Larry Beuchat fondly remembers his time as a Penn State student. From the diverse, interesting peers he met to the fascinating lectures and demonstrations he experienced in class, his college degree set him on a path toward a career as a distinguished researcher in the field of food microbiology.

To recognize the Penn State faculty who inspired him and to encourage a new generation of researchers, Dr. Beuchat '65 Agr created the Dr. Larry Beuchat Professorship in Food Microbiology with a planned gift of $1 million. It is the first endowed professorship in Penn State's Department of Food Science in the College of Agricultural Sciences.

"I got my start at Penn State," Dr. Beuchat says. "The gift is a return for the effort, time, and inspiration I received in my food microbiology classes at Penn State. Now as a faculty member myself, I've seen so many young developing scientists grow in understanding the field of food microbiology, and it's been inspiring to see these young people go on to contribute to the field. I thought this professorship would be a good way to support their efforts."

Dr. Beuchat is passionate about faculty support, and he was able to use gift planning vehicles to make the impact he envisioned. The gift combines an estate gift and life insurance policy benefit to create the endowment.

Read the full story on Dr. Larry Beuchat's gift.

Personal Estate Planning Kit

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Next Steps

  1. Contact Michael J. Degenhart at 888-800-9170 (toll free) or giftplanning@psu.edu to discuss endowed gifts.
  2. Seek the advice of your financial or legal advisor.
  3. If you include Penn State in your plans, please use our legal name and federal tax ID.

Legal Name: The Pennsylvania State University
Address: c/o Office of Gift Planning, 212 The 103 Building, University Park, PA 16802
Federal Tax ID Number: 24-6000-376

A charitable bequest is one or two sentences in your will or living trust that leave to Pennsylvania State University a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I, [name], of [city, state, ZIP], give, devise and bequeath to Pennsylvania State University [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Penn State or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate, or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the gift tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Penn State as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Penn State as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and Penn State where you agree to make a gift to Penn State and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Personal Estate Planning Kit Request Form

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eBrochure Request Form

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