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The Cornerstone Society

In 1885, when George and Martha Wilson of Tempe donated farmland for the Arizona Territorial Normal School, they couldn't imagine what would grow as a result of their generosity. In 1887, when the cornerstone was laid to build Old Main on what would become the Tempe campus of ASU, no one envisioned the three campuses that would follow, or that ASU degree and research programs would circle the globe in location and renown. But they all began with a single gift, and a single cornerstone.

ASU's Cornerstone Society represents just that kind of generosity, that kind of vision; the commitment of alumni and friends that spans nearly 130 years, and has empowered Arizona State University to accomplish great things.

When you arrange an estate gift to ASU you become a member of a unique group of donors whose passion for our university cannot be constrained within a single generation. No matter how far ASU has come and how far it may reach, there is still, on the Tempe campus, the cornerstone of Old Main. The Cornerstone Society honors those supporters whose steadfastness and preparation makes the future of ASU possible. Supporters like you.

For information on how you, your family and ASU can benefit from your estate gift, contact The Office of Estate and Gift Planning at 480-965-5338 or giftplanning@asu.edu.

The ASU Foundation cherishes the special commitment of members of the Cornerstone Society, and honors them with privileges that recognize their unique status. These include invitations to member-only events, opportunities to connect with and benefit even more from ASU, and acknowledgement in the Cornerstone Society Honor Roll and other ASU donor publications.

A charitable bequest is one or two sentences in your will or living trust that leave to the Arizona State University 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

"I give to the Arizona State University Foundation, a nonprofit corporation currently located at P.O. Box 2260, Tempe, AZ 85280, 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 ASU 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 ASU 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 ASU 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 ASU where you agree to make a gift to ASU 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.