Planned giving benefits
UDM students and campuses
The spectrum of learning that begins with a University of Detroit Mercy education and advances through a successful career often yields a strong financial position and provides individuals the opportunity to make a charitable gift plan.
Whether individuals have earmarked $10,000, $100,000, $1 million or any sum for charitable contributions in their estate plan, these estate gifts will have a major impact when donated to UDM.
Known as planned gifts, these contributions offer different ways to structure an estate gift to ensure financial security for one’s family, reduce taxes on the estate, provide current income and maximize the benefits of giving.
UDM Gift Planning Director Mark Grzybowski says bequests, the main vehicle for giving, have made a remarkable difference in the past five years for new campus projects— ranging from the Chemistry Building renovation to the opening of the Student Fitness Center. Bequests also support scholarships, which provide an added incentive for students to attend UDM.
“Most of the donors who leave an estate gift have been loyal, consecutive givers over the years, even if it’s a small amount,” says Grzybowski. “Then, when they pass away, we may get an estate gift that surprises us. We are grateful for their gift and that they chose to remember UDM in such a significant way.”
For people who may be worried about whether their finances will last their lifetime, they can designate a percentage of their estate in a bequest. Gifts can also be made in memory of a favorite professor or a family member or friend who graduated from UDM.
Visit UDM’s giving website to see the full range of giving options. The site also has an online self-survey to help identify a legacy gift that best meets individual needs.
One popular option is to donate through a UDM-managed charitable gift annuity, which currently pays five percent interest annually to an individual 70 years old (rates vary by age). The donor receives a charitable deduction at the time of the gift and a lifetime of income, a portion of which is tax-free. At the time of death, the remaining gift will support any area of the University the donor designates.
Grzybowski is pleased to talk with donors and meet with them to help structure gifts in a meaningful way. His number is 313-578-0330.
Great Things is published two times per year by University of Detroit Mercy Office of University Advancement. • Archived Issues • For more information, please call 313-993-1250 or e-mail email@example.com. • © 2012 University of Detroit Mercy