Invest in Our Future
Ready to start paying it forward? View and download your FREE copy of Endowments: A Gift That Lasts Forever.
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:
Northern Illinois University has designated the NIU Foundation as the charitable organization to receive and manage all gifts on its behalf.
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.
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.