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Definitions (38)
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cash gift
a gift made most often by check or credit card (rarely cash).
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scholarship
financial aid awarded to a student.
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unitrust
a trust under which a beneficiary designated by you (not the University) receives a fixed percentage of the net fair market value of the trust on an annual basis. The annual income paid to the beneficiary must be either for life or for 20 or fewer years. Unrestricted gift - a gift made to the University to be used as needed.
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retained life estate
a gift plan allowing the donation of a personal residence (including a vacation home) or farm but allows you to retain the right to life enjoyment. A life estate may be retained for either one or more lives or a term of years. All routine expenses – maintenance fees, property taxes, repairs, etc. – remain your responsibility. However, you receive a [..]
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president's society
the University of Memphis Annual Fund 's leadership society. President's Society members are among the most loyal and generous benefactors of the University. Donors to the President's Society make significant annual contributions to the academic areas on campus that they personally value. These gifts provide financial resources neces [..]
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probate
the legal proceeding in which a court determines how an estate will be divided. Estate planning advisors often seek ways to reduce or eliminate assets from an estate such that they are not a part of probate proceedings.
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pledge
a promise to make a gift to the University at a future time.
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phonathon
The University of Memphis Phonathon is an important element to the Annual Giving Program in which student employees make telephone calls to alumni, parents and friends. The Phonathon works to acquire financial contributions in support of our University programs, scholarships, facilities, research and more.
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memorial
any gift, of any size, made to the University in someone's memory.
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gift-in-kind
a charitable gift of personal property not described as a "Gift" above.
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