franklincollege.edu

Website:https://franklincollege.edu/
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Definitions (26)

1

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Annuity


A sum of money payable yearly or at other regular intervals.
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Beneficiary


An individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan.
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Bequest


The process of giving assets to a beneficiary through a will or revocable trust.
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CAPITAL CAMPAIGN


An organized, intensive fundraising effort on the part of an institution or organization to secure extraordinary gifts and pledges for a specific purpose during a specified period of time.
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Cash


Your outright gift of cash, either in full or on a pledge payment plan, will provide you with an income tax deduction based on current tax laws and the amount of your income. Please make your check pa [..]
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Charitable Gift Annuity


An arrangement whereby the donor makes a gift to charity and receives back a guaranteed lifetime (or joint lifetime) income based on the age(s) or the annuitant(s).
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donor


An alumnus/a or friend who has made a gift to Franklin College.
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endowed chair


An endowed chair is a faculty position supported by an endowment fund established for that specific purpose. The income from that endowment provides financial support for teaching, research and servic [..]
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Endowment


Funds invested in perpetuity to produce income to be distributed for pre-determined purposes according to the endowment distribution policy. Funds deposited in an endowment are not expendable; they ar [..]
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Expendable Funds


Funds that can be spent in their entirety in a manner consistent with the intentions of the donor; funds not deposited in an endowment fund.
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