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Definitions (22)
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annual giving
– A program which solicits gifts on an annual basis through telemarketing, e-solicitations, direct mail and/or personal appeals. Gifts are typically made for U-M’s unrestricted needs, but the donor [..]
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charitable gift annuity
In exchange for an irrevocable gift of cash, securities, or other assets, U-M agrees to pay one or two annuitants a fixed income each year for life. After the death of the annuitant(s), the remaining [..]
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charitable remainder annuity trust
An irrevocable trust which names one or more charities as the final beneficiary. During the life of the trust, it pays a donor and/or other individuals an income for life based on a fixed percentage [..]
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charitable remainder trust
– A trust that pays benefits to the donor or whomever the donor designates. When the donor or other income beneficiaries die, the remaining assets go to the U-M.
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charitable remainder unitrust
An irrevocable trust which names one or more charities as the final beneficiary. During the life of the trust, it pays a donor and/or other individuals an income for life based on a fixed percentage [..]
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deferred gift annuity
A Charitable Gift Annuity in which the donor chooses to wait a certain number of years before receiving an income.
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endowed gift
A gift of which the initial amount, known as the principal, is generally not spent but instead is invested by the University in perpetuity. Each year, a portion of the returns on the principal goes to [..]
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endowment fund
A fund in which income and/or principal from permanently held University gifts are used to support ongoing projects and meet institutional opportunities.
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gift in kind –
Any non-monetary donation to the U-M such as services or book collections, artwork, equipment, or other valuable personal property.
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life income gift –
A gift that returns an income to the donor, as in a Charitable Gift Annuity or a Charitable Remainder Trust. Matching Gift
Meaning awaits approval from a moderator |
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