leadersandbest.umich.edu

Website:https://leadersandbest.umich.edu/
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Definitions (22)

1

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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 [..]
Source: leadersandbest.umich.edu

2

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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 [..]
Source: leadersandbest.umich.edu

3

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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 [..]
Source: leadersandbest.umich.edu

4

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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.
Source: leadersandbest.umich.edu

5

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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 [..]
Source: leadersandbest.umich.edu

6

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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.
Source: leadersandbest.umich.edu

7

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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 [..]
Source: leadersandbest.umich.edu

8

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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.
Source: leadersandbest.umich.edu

9

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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.
Source: leadersandbest.umich.edu

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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
Source: leadersandbest.umich.edu


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