Skip to Main Content

Gift Planning at South Carolina

Endowed Gifts

An endowment gift to University of South Carolina or one of its affiliated foundations today provides a brighter picture for our 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 USC or one of its affiliated foundations. The remaining funds are reinvested to ensure indefinite support.


A Real-Life Example: Meet Linda Lisi

Linda LisiLinda Lisi has lived all over the United States—New York, Illinois, Colorado and California—but she and her golden retriever, Gracie, have settled down in Sun City, South Carolina, next door to USC Beaufort's Hilton Head Gateway campus.

And, through two endowed scholarship funds, Lisi has established permanent roots there. The Frances and Joseph Lisi Memorial Endowed Scholarship, named in honor of her parents, will benefit USC Beaufort nursing students. The Linda Lisi Pre-Veterinarian Endowed Scholarship Fund will benefit USC Beaufort students who are completing baccalaureate work in preparation for veterinary school.

"I've always been an animal lover. I have no children and have been a big supporter of the Humane Society and other animal protection efforts. I thought this would be a good way to support future veterinarians from South Carolina who will care for the animals in our lives," Lisi says. "Most of all, I love the fact that these scholarships will continue on in perpetuity."


Gift Planning Resources

Start Paying It Forward

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

View My Guide

Gifts That Pay

Your payments depend on your age at the time of the donation. If you are younger than 60, we recommend that you learn more about your options and download this FREE guide Plan for Retirement With a Deferred Gift Annuity.

Personal Estate Planning Kit

Download our FREE Personal Estate Planning Kit

Download My Kit

Contact Us

Our expert development officers is here to help you tailor your gift to benefit you and the university.

Office of Gift Planning

803-777-1601

giftplan@mailbox.sc.edu 

Contact us for our federal tax ID number.

A charitable bequest is one or two sentences in your will or living trust that leave to University of South Carolina or one of its affiliated foundations 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 give to University of South Carolina or one of its affiliated foundations, a nonprofit corporation currently located at Columbia, SC 29208, or its successor thereto, ______________* [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 USC or one of its affiliated foundations 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 USC or one of its affiliated foundations 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 USC or one of its affiliated foundations 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 USC or one of its affiliated foundations where you agree to make a gift to USC or one of its affiliated foundations 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

Please provide the following information to view the materials for planning your estate.

eBrochure Request Form

Please provide the following information to view the brochure.