A Culture of Philanthropy
Candle 4: Creating a sustaining foundation
By creating an even more ambitious sense of the College’s possibilities, Monmouth can inspire even greater levels of generosity and commitment.
An enhanced culture of philanthropy will increase annual giving — focusing on donors at the $1,000 and higher levels — and by also adding significantly to the College’s register of deferred and planned gifts, which helps guarantee a strong Monmouth for future generations of Noble Scots.
Planned and deferred gifts
A bequest is a gift to Monmouth at the time of death. It is the simplest type of planned gift and one of the easiest to implement. The donor can designate a specific amount, a percentage or the remainder of an estate to the College. A charitable gift annuity is an agreement through which a donor makes a gift of cash or property, and the College agrees to make fixed payments for one or two individuals for the remainder of his/her life. A donor can make a gift to the College of retirement assets, including their IRA, 401K or 403B, pension or other tax-deferred plan.
A gift to support the Monmouth Fund touches every facet of the institution. For this reason, few gifts are of greater importance and value to the College than those that support continuing operations.