Planned Giving
Planned gifts are placed in the seminary's endowment, thereby providing income in perpetuity. Planned gifts are vitally important to the future of Garrett-Evangelical, and often allow persons to make larger gifts than otherwise possible.
Garrett-Evangelical encourages alums and friends to include the seminary in their plans in one or more of the following ways:
- a specific provision by will;
- the creation of a charitable remainder trust;
- purchase of a charitable gift annuity;
- a gift of property with retained life interest;
- assignment of life insurance.
In order to remain strong, and attract and educate the very best leaders for tomorrow's church, Garrett-Evangelical must increase its endowment.
The seminary depends on endowment income to meet the growing expenses that are not covered by tuition and current operations support.
Tuition provides less than one third of the seminary's annual operating budget, and annual gifts provide another third. Endowment income must provide the remainder.
Gifts earmarked for the endowment:
- can be unrestricted,
- or can be restricted for specific purposes, such as:
- scholarships,
- faculty support,
- library support,
- or lecture funds.
Many individuals choose to create named endowments at the seminary to honor the memory of a loved one or to perpetuate a tradition of philanthropy in the family name. For more information of planned giving contact This e-mail address is being protected from spambots. You need JavaScript enabled to view it , vice president for development.
