Planned giving allows you to make a gift of personal assets now or after your lifetime through your will. A common misconception is that planned giving is only for wealthy individuals, but the truth is, even people of modest means can make a difference through planned giving.
Planned gifts do require some planning, and, often, help from a professional advisor. Unlike cash donations, they are typically made from assets in your estate rather than disposable income and are fulfilled upon your death. The college will work with you and your estate planner in designing a planned gift that meets both your short and long term financial goals. Planned gifts can include cash, stocks, bonds, retirement plan assets, insurance policies or other negotiable items.
The most common planned gift is a bequest in your will or living trust. Bequests are often a significant source of financial support for the college. If you wish to include Tennessee Wesleyan University in your will, please use the following sample language:
"I give, devise, and bequeath (the sum of/percentage of/residue of) my estate to Tennessee Wesleyan University, a non-profit corporation with principal offices in Athens, Tennessee, to be utilized for the general benefit of Tennessee Wesleyan University (or the specified program at Tennessee Wesleyan University)."
Other planned gifts include gift annuities and life insurance.
For additional information on planned giving, contact the Office of Advancement at (423) 746-5330 or firstname.lastname@example.org.