Why the Red & White Club?

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Assets that have a higher market value than their basis or tax cost, which, when sold, would generate taxable capital gains. Donors can avoid paying capital gains taxes by gifting appreciated assets to Miami. Basis:

A person and/or organization that receives benefits from a trust, retirement account, or life insurance policy. Bequest:

Membership in the Brice Society is extended to all individuals who include a provision to support Miami University posthumously, through a method such as a bequest, living trust, charitable gift annuity, charitable remainder trust, pooled income fund account, provision in their retirement plan or IRA, life insurance policy, or a remainder interest [..]

A contract under which a gift by a donor is made to a charity, such as Miami University, in exchange for guaranteed payments of a fixed dollar amount (annuity) to the donor for life. The remainder of the money goes to the charitable organization at the donor's death. Charitable Lead Trust:

An irrevocable

Provides for the annual payment of a fixed dollar amount (an annuity) to the noncharitable beneficiary(ies). The annuity amount, once established, cannot change and it must be at least five percent of the initial net fair market value of the property placed in the trust. Additional contributions to an annuity trust after the initial funding are exp [..]

Money from bequests or outright gifts to Miami University that is invested in perpetuity to produce amounts to be distributed according to the endowment spending policy. Distribution of earnings coincides either with the donor's wishes or, if there is no restriction on spending the earnings, at the discretion of the university. Endowment Spend [..]

The total assets of a deceased person. Executor: