Planned giving is a philanthropic process that allows donors to integrate their personal, family, financial, estate planning, charitable and other goals to produce gift arrangements that benefit both the donor and the charity. All of these assets go to work to meet a current need and to provide dollars for people and programs five, ten, and even twenty or more years into the future. There are many giving vehicles available for making planned gifts. The most frequently used vehicles are described below.
A bequest is the most simple and most popular type of planned gift. It is a transfer, by will, of property such as cash, stocks, or tangible personal property to a person or charitable organization upon the death of the donor. This gift category can help start and bolster current programs, endow principal and provide income to meet a host of important initiatives at the College including scholarships, faculty salaries, and educational programs.
Scholarships are a critical area of need for Marygrove College, and they remain one of the most gratifying giving opportunities for our donors. Currently, the suggested donation is $50,000 to fully endow a scholarship.
The Stewardship Society
Members of the Marygrove Stewardship Society have notified the College that they have named Marygrove as a beneficiary of a Planned Gift in their estate plans.
If you decided to include a gift to Marygrove College in your will, we invite and encourage you to notify the College about your decision ahead of time, for several reasons. First, so you can complete a gift agreement and ensure that there will be no question as to how your gift will be used. Second, so that Marygrove can make note of the gift as they plan for the future. And finally, so that we may recognize your generosity and show our appreciation, if you so desire, by including you as a member of the Marygrove Stewardship Society.