Giving to a university, institution, etc, that has been planned in advance. It is a method of making appropriate, significant contributions through the use of future giving focusing on protecting donors' assets, increasing their income, while reducing their tax liabilities. Gifts may be restricted or unrestricted. Unrestricted gifts, ones that are not specified for any particular purpose, give Ohio Northern the flexibility to respond to unexpected opportunities and demands, and to direct these funds wherever the need is greatest. Restricted gifts are designated for a specific program.
Examples are construction or renovation projects, equipment, or endowment in any number of areas.
The Development Office will be happy to provide you with a description of giving opportunities and an indication of current needs. Many of these are listed in the Memorial Opportunities booklet. Your gift to Ohio Northern can accomplish several objectives. First, and foremost, your gift will strengthen the University so that ONU can better serve young people. By utilizing certain types of planned gifts, you can increase income, receive a current tax deduction and reduce estate taxes.