What is a planned gift?
A planned gift is one that you promise but defer until a later date. This allows you to give a significant donation to Western Theological Seminary without jeopardizing your current or future obligations.
Often there are significant tax advantages to giving this way. Also, planned gifts can be arranged to produce an income to you for life. Some examples of planned gifts include:
- Gifts through a will or living trust
- A charitable life insurance policy
- Retirement plans such as a 401k or an IRA
- Charitable gift annuity (produces income for the giver)
May I choose how my gift is used?
Yes! You may designate your gift to a specific seminary need, the endowment fund, or you may leave it undesignated for us to put it to use where it is most needed. Some examples of specific programs and endowments are:
- Student scholarship assistance
- Facility additions or enhancements
- Faculty support or development
- Technology enhancements
- Library holdings
- Intercultural ministry opportunities