Drexel Fund: A campaign that strives to raise unrestricted gifts. Unrestricted money is utilized to benefit student financial aid, technological improvements, excellent faculty, and many other university needs.
Bequest: The process of giving stocks, bonds, or any other assets to the beneficiary of a will.
Designated Gifts: Gifts allocated to a specific school, department, program, or scholarship.
Gift: a transfer of property which is: (1) gratuitous, (2) complete, and (3) voluntary. An irrevocable, unconditional transfer of an asset.
Gift annuity, charitable: an arrangement whereby the donor makes a gift to charity and receives back a guaranteed lifetime (or joint lifetime) income based on the age(s) of the annuitant(s).
Gifts by Will: You may be able to contribute much more to the University by naming Drexel in your will than would be possible through an outright gift. You may fund such gifts with cash, marketable securities, real estate, tangible property, or closely held stock.
Gifts of Cash: Your outright gift of cash, either in full or on a pledge payment plan, will provide you with an income-tax deduction based on current tax laws and the amount of your income. Please make your check payable to the Drexel University .
Gifts to Endowment: Your endowed gift will provide Drexel with income every year in perpetuity. With a minimum contribution of $25,000, you may establish an endowment in the name of your choice, allowing the interest to be used annually.
Gifts of Life Insurance: To make a major gift without a major expense to you, assign ownership of a life insurance policy to Drexel or irrevocably name Drexel as your beneficiary.
Gifts of Real Estate: You may donate to Drexel your home, vacation house, farm, ranch, or any other dwelling, commercial property, or undeveloped land.
Gifts of Securities: An outright gift of appreciated stock eliminates capital tax gains and allows you to claim an income-tax deduction based on the full market value of long-term securities, regardless of their original cost.
Life Income Gifts: According to a living trust, you may be able to make a significant future gift to Drexel while providing yourself with immediate tax savings and additional income for life.
Matching Gifts: Contact your human resource office to determine if your company or your spouse has a matching gift program. If so, you may be able to add significantly to the value of your own contribution.
Memorials and Tributes: When someone special in your life marks a time of passage, a gift to the University is a fitting way to honor the occasion and express your sentiments. We will notify the honoree or appropriate family member at your request.
Planned Giving: A systematic effort to identify and cultivate a person for the purpose of generating a major gift that is structured and that integrates sound personal, financial, and estate-planning concepts with the prospect's plans for lifetime or testamentary giving. A planned gift has tax implications and is often transmitted through a legal document, such as a Will or a trust. Visit http://www.legacy.vg/drexel to learn more.
Tangible Gifts (Gifts-in-kind): Antiques, paintings, jewelry, and other items of worth make suitable gifts to Drexel.
Unrestricted Gifts: A gift without restrictions offers maximum flexibility, ensuring the general excellence of the University.