Sally Stevens Arts Scholarship Aids Ortiz
"As an art major, I have many expenses beyond tuition and books, including art supplies and studio fees. Receiving the award from the Sally Stevens Arts Scholarship has helped cover those extra costs. It has also funded special research projects. Sally's generosity and her love of the arts is allowing me to create new artwork for my solo exhibition in May. Thank you so much, Sally!"
—Christian Ortiz, scholarship recipient
Northern Illinois University has designated the NIU Foundation as the charitable organization to receive and manage all gifts on its behalf.
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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 fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. 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 the NIU Foundation as a lump sum.
You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. 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 the NIU Foundation as a lump sum.