Frequently Asked Questions
- How can I include Ursinus in my will?
Guidance and suggested language for bequests can be found in the “Resource Center” section on this Gift Planning web page under “Bequest Language.” You may also request one of our free eBrochures by clicking on the “eBrochures” button in the “Resource Center” section and checking off one or both of the brochures under the “Gifts That Cost Nothing During Your Lifetime” section.
- I have established a planned gift for Ursinus through another service provider. Should I notify Ursinus?
Yes. Ursinus credits planned gifts that will benefit the College established through another service provider in the same way it credits gifts set up through the Office of Advancement. As long as your gift is fully and properly documented with the Office of Advancement, you will earn gift credit towards a class reunion campaign or other campaign, and you will be recognized as a member of the Tower Society. We appreciate learning about gifts that may be expected in the future.
- Once I have made a planned gift, either through Ursinus or another service provider, how do I fully and properly document my gift in order to receive gift and/or campaign credit?
Ursinus greatly appreciates notifications of planned gifts that benefit the College. In order to fully and properly document a bequest or other planned gift, we request a copy of the document—or at least the section that is relevant to Ursinus—along with the signature page. In addition, we request a signed Estate Intention Form, which provides needed detailed information about your gift. We treat all documentation with the strictest of confidence.
- How does Ursinus credit my planned gift?
For gift recognition purposes, we record the full contribution amount to any life-income arrangement (charitable gift annuity, charitable remainder trust, or pooled life income fund). Bequests or other revocable gifts are credited as gift intentions or expectancies. Designations in an irrevocable trust or other irrevocable agreement may be credited as a cash gift at full market value. The entire expected income stream from a charitable lead trust is credited at the time of contribution. Campaign crediting policies may vary somewhat depending on the campaign priorities. Please contact the Major Gifts Staff if you have further questions or for detailed campaign crediting policies.
- How are planned gifts credited for my Reunion Class Gift Campaign?
Any planned gift that receives College gift credit is included in your Reunion Class Gift Campaign for the 50th, 55th and 60th reunions. Reunion class gifts for these reunions count all gifts for the four years prior to the reunion year, plus the year of the reunion, thus a total five-year period.
- How does my planned gift apply to other campaigns at the College?
Planned gifts, including bequests, are often included in support of campaign efforts, however the crediting guidelines are different for each campaign. Because proceeds from most planned gifts are not available until the future (the possible exception being a charitable lead trust), planned gifts may not be suitable to support certain campaign priorities, such as new construction, but are often the perfect vehicle to support a priority such as endowment.
- Can I designate my planned gift to be used for a specific purpose?
Yes. You may designate any planned gift to a specific purpose that is mutually agreeable with Ursinus. Gifts that are available to the College without restrictions are especially valuable to Ursinus leadership because they allow flexibility in putting the funds to their best use. As with any gift, you should discuss any intended restrictions on the use of your gift with the Major Gifts Staff to determine that the gift can be effectively applied.
- What if I prefer to support many charities, not just Ursinus?
Gift strategies may be designed and implemented that can benefit other charities in addition to Ursinus.
- Will the Office of Advancement consider and accommodate gifts of closely held, restricted, or venture securities?
The Major Gifts Staff has worked effectively with these types of securities. We can discuss gift plans that will not encumber a donor’s corporate activity, establish a special account dedicated to holding securities that are not immediately marketable, and cooperate with donors in sale decisions to avoid control issues for family businesses. Contact the Executive Director of Major and Planned Gifts to discuss these types of gift strategies.
- Are there minimum funding requirements for planned gifts?
Yes. They are as follows:
Wills or other expectancies: No minimum unless required for funding designation
Charitable Gift Annuity (CGA): $25,000 (annuitants must be 60 or older at time of gift)
Charitable Remainder Trust (CRAT or CRUT): $100,000 (if established through Ursinus)
Charitable Lead Trust (CLAT or CLUT): $500,000
Pooled Life Income Fund (PIF): No new participants accepted. Current participants: $1,000+ additions
- What is Ursinus College's tax identification number?
Tax ID # 23-1177930
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