Charitable gift planning provides multiple benefits
University of Detroit Mercy has reached great heights with the support of loyal and generous donors. One of the most important sources of donations to the University comes from planned giving, which tend to be gifts made from a person’s estate.
Individuals and couples who make a planned gift can name UDM as a beneficiary in their wills, insurance policies, trusts, IRAs and other vehicles that take effect after their death.
Making a gift to UDM in your will or living trust, which is known as a charitable bequest, provides the following benefits:
Simplicity. Just a few sentences in your will or trust are all that is needed. The official bequest language for UDM is: “I, [name], of [city, state, zip code], give, devise and bequeath to University of Detroit Mercy [written amount or percentage of the estate or description of property] for its unrestricted use and purpose.”
Flexibility. Because you are not actually making a gift until after your lifetime, you can change your mind at any time.
Versatility. You can structure the bequest to leave a specific item or amount of money, make the gift contingent on certain events, or leave a percentage of your estate to UDM.
Tax Relief. Your estate is entitled to an estate tax charitable deduction for the gift’s full value. Consult your attorney or tax adviser for details.
Donors who list UDM in their will or estate plan and inform the University of their intention become members of the Heritage Society.
To make a gift, contact or visit:
Mark Grzybowski, Director of Gift Planning