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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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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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Outright Gift
A contribution of cash or property in which the donor retains no interest and that can be used immediately by the U-M.
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pledge
A promise to make a donation to the U-M that can be paid in a single installment or in multiple installments.
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Restricted gift
A Gift made for a clearly specified purpose, such as a particular scholarship or area of research.
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