Examples of planned gifts include charitable bequests through wills, gift annuities, charitable trusts, life insurance and other gift agreements. Many of these gifts will ultimately increase the college's endowment and provide scholarship assistance for the growing student body. The donor may choose to direct the gift to support a specific program or department or may permit the college to apply the gift at its discretion. Membership in The Tower Society is extended to those who have notified Catawba of their intent and have provided documentation of their estate planning. Such a donation can also have financial benefits to you.
Many donors combine different types of planned gifts to produce the maximum advantage.
I will be happy to meet with you and your financial planner to design a giving program that will benefit both you and Catawba. Giving through an individual's will is the most common type of planned gift and is important to Catawba's charitable support. These gifts can be made in the form of cash, securities, real estate and other ways. A donor transfers assets to the college who, in turn, serves as the trustee of those assets and agrees to pay a fixed, regular amount for the life of the donor. This is essentially a contract to provide a fixed income for life.