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You can make a powerful difference in our University’s future by including Clemson in your estate plans.

Your Legacy is our Future

Establishing a legacy by including Clemson as a beneficiary of your estate plans will impact generations of Clemson students, faculty, and staff by enhancing learning perpetuity. Generally, assets are used to establish endowed funds that can be dedicated to support Clemson in the way that follows your estate plan instructions. Our Planned Giving team will quickly and confidentially provide gift illustrations and the language needed to ensure your wishes are realized. We are here to serve you with expertise and partnerships as you explore the impact you can make at Clemson — today, tomorrow and forever.

You are at: Planned Giving > Gift Options > How to Give > Give it Twice

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Give It Twice Trust - Help Family and Charity

You may be looking for a way to provide your children with income while making a gift to Clemson University. The "give it twice" trust is a popular option that allows you to transfer your IRA or other asset at death to fund a term of years charitable remainder unitrust. We call this kind of unitrust a give it twice trust because you can use the trust to pay income first to your family for a number of years and then distribute the balance of the trust to charity.

Flowchart: Donor designates a unitrust as the beneficiary of an IRA. When donor passes away, the IRA funds are distributed to the unitrust and the unitrust makes payments to children for a number of years. At the end of the trust term, the remainder passes to Clemson.

Benefits of a give it twice trust

  • Use the full value of your unused retirement account to provide income to your surviving spouse and to provide income to children or other loved ones for a specified period of time
  • Create an estate tax deduction and savings from the charitable gift
  • Support the important charitable work of Clemson University

How a give it twice trust works

  1. We can help you and your attorney with the process of creating a charitable remainder unitrust.
  2. You complete an IRA or other retirement account beneficiary designation form, naming the charitable trust as the beneficiary, and return the form to the account custodian.
  3. When you pass away, the custodian will transfer your retirement account to the charitable trust.
  4. The trust will pay income to your spouse, children or other individual beneficiaries for their life, term of years or life plus term of years.
  5. At the conclusion of the payments, the balance of the trust will be transferred to Clemson University.

Additional Information

Provides Tax Savings. The gift it twice trust produces income and estate tax savings.

Promotes Fairness. The give it twice trust establishes a mechanism that will help you treat each of your children equally. This can help promote peace in your family.

Teaches Your Children. Give children income rather than a lump sum. Studies of inherited wealth have concluded that many children spend lump sum inheritances, whereas they learn to be more responsible with inheritances paid out over time.

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