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Northern Illinois University

Planned Giving

  • Popular Ways to Give
    • Wills and Living Trusts
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Contact Us

John Sentovich
John Sentovich
Executive Director of Principal Gifts and Gift Planning
Phone: 815-753-1344
Toll-free: 866-385-1507
E-mail: sentovich@niu.edu

Invest in Our Future

Endowed Gifts

Ready to start paying it forward? View and download your FREE copy of Endowments: A Gift That Lasts Forever.View My Free Brochure

You have the power to help safeguard the future of Northern Illinois University. How? By making an endowed gift. Your gift is an investment in our future, helping us grow and thrive for years to come.

Check Out This Potential Scenario

Longtime supporters Susan and Charlie want to make sure Northern Illinois University continues to flourish long after they're gone. They also want to memorialize Charlie's parents, Mr. and Mrs. Jones. So they make a $50,000 donation to the NIU Foundation, which we invest. Each year, a portion of the income from the invested money will be used to support our mission in honor of the Joneses. The rest of the income is reinvested in the fund; that's what allows it to support us indefinitely. Susan and Charlie qualify for a federal income tax charitable deduction on their taxes.

Learn How to Fund It

You can create an endowed gift using the following assets:

  • Cash
  • Appreciated Securities
  • Tangible Personal Property
  • Real Estate

Next Steps

  1. Seek the advice of your financial or legal advisor.
  2. Contact John Sentovich at 815-753-1344 or sentovich@niu.edu to discuss endowed gifts.
  3. If you include the NIU Foundation in your plans, please use our legal name and Federal Tax ID.

Legal Name: Northern Illinois University Foundation
Address: DeKalb, IL
Federal Tax ID Number: 36-6086819

Ready to start paying it forward? View and download your FREE copy of Endowments: A Gift That Lasts Forever. View My Free Brochure
Ensure Your Future Is Secure. Download our FREE Personal Estate Planning Kit

Northern Illinois University has designated the NIU Foundation as the charitable organization to receive and manage all gifts on its behalf.

Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.

eBrochure Request Form

Please provide the following information to view the brochure.

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Personal Estate Planning Kit Request Form

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

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Please include an '@' in the email address

A charitable bequest is one or two sentences in your will or living trust that leave the NIU Foundation 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

The official bequest language for Northern Illinois University is: "I, [name], of [city, state, ZIP], give, devise and bequeath to Northern Illinois University Foundation (TAX ID # 36-6086819) [percentage of the estate or written amount or description of property] for wherever the need is greatest."

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 the NIU Foundation 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 potential 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 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.

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 the NIU Foundation where you agree to make a gift to the NIU Foundation 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.

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