Gift of $30,000+ (starting at $10,000K for 3 consecutive years). The J. William Fulbright Council provides substantial funds over multiple years to help secure the program’s future. Donor Level Benefits:
Invitation to an experiential event exclusively for Council members
Thought leadership opportunities as an official champion for Fulbright alumni
Inclusion of donor name in the Fulbright Association Annual Report by gift level
All benefits of membership and formal recognition associated with the 1946 Society
Charitable bequests are gifts of any property (real or cash) made by naming the Fulbright Association as a beneficiary in a person’s will. The donor can also bequeath a particular asset or a percentage of their estate rather than a dollar amount. Donors who choose this option should leave the gift to the Fulbright Association and have the option to donate directly or in the name of another person.
Federal Tax ID: 52-1821935
Bequests can take various forms: a general bequest, a residuary bequest, a percentage bequest, or a restricted bequest.
A general bequest is one of the most popular ways to make a charitable gift by will. The donor simply leaves a specific dollar amount to the Fulbright Association.
A residuary bequest is given to the Fulbright Association after all (or a portion) of an estate owner’s property after all debts, taxes, expenses and other bequests have been paid.
A percentage bequest is expressed as a percentage of the estate or of the residuary estate.
A restricted bequest restricts the bequest for a specific purpose. This can include setting up an endowment.
Life insurance gifts can include whole life, universal, and other forms of life insurance policies. Donors can contribute all or part of a policy to the Fulbright Association when you are named as a beneficiary. The donor retains ownership of the policy and has access to the policy’s cash value. Since the donor retains ownership, no charitable income tax deduction is allowed upon making the Fulbright Association the beneficiary. Once the donor passes away and the proceeds are paid to the Fulbright Association, the donor’s estate will be allowed a charitable estate-tax deduction. Donors need to work with their insurance provider to designate the Fulbright Association as the beneficiary.
Retirement plans are another easy way for the donor to make a gift to the Fulbright Association. Through the retirement plan provider, a donor can designate the Fulbright Association as a full or partial beneficiary. This gift can be designated when the fund is first established or changed at a later date. The plan administrator will provide a change of beneficiary form upon request. Giving in this way can help maximize tax savings.