Will You Meet the 50th Reunion Legacy Challenge?
Roy Shanker ’70 and Linda Gibson have pledged $1,400,000 to match legacy gifts made in honor of 50th reunion celebrations. Classes can take advantage of this generous match on any legacy gift made before June 30 of their 50th reunion year. This includes planned gifts from your estate, life insurance, or retirement accounts; charitable gift annuities; and charitable trusts.
In addition, there is an opportunity for all members of the 50th reunion class to participate. If the class reaches 50% participation in giving, Roy and Linda will contribute an additional $25,000 towards the class reunion giving goal.
JANUARY 2023 UPDATE
Thanks to the Consolidated Appropriations Act of 2023, commonly known as the omnibus bill, donors can now use IRA funds to establish planned gifts. Learn more about the potential impact of the omnibus bill on retirement planning.
How the 50th Reunion Legacy Challenge Works:
- Make or document a planned gift to Swarthmore College and have a portion of the gift matched.
- Gifts up to $99,999 will be matched with 10% of the total gift amount.
- Gifts of $100,000 to $249,999 will be matched with $10,000.
- Gifts of $250,000 to $499,999 will be matched with $25,000.
- Gifts of $500,000 or more will be matched with $50,000.
- Download the 50th Reunion Estate Commitment Form as a Word document or PDF.
- Unused challenge dollars will roll over to the next 50th reunion class until the full $1.4 million is matched.
If you are interested in learning more about this giving challenge and would like to make a planned gift, please contact Renée P. Atkinson, Director of Gift Planning, at 610-328-8323 or firstname.lastname@example.org.
Frequently Asked Questions
- What is an estate gift?
An estate gift is a gift that Swarthmore will receive at some future date. It may come from a will, trust, retirement plan, life insurance policy, or annuity, where you designate an entity (in this case, Swarthmore College) to receive the remainder. Other gifts to be realized in the future may also qualify, and we welcome your questions about them.
- How can my estate gift be counted?
To receive gift credit for your estate gift, you must:
- Be 60 years of age or older.
- Complete and sign the estate commitment form .
- Provide documentation for your estate gift.
- My estate gift to Swarthmore will become effective only if my spouse/partner predeceases me. Can my gift still be recorded?
Yes, as long as your surviving spouse or partner also includes a provision for Swarthmore in their estate plan and they join you in signing the estate gift form.
- What about friends or other members of my family?
We cannot count estate gifts that are contingent upon any other family member or individual predeceasing you.
- How is my estate gift counted?
If you give a specific dollar amount to the College, that amount will represent your estate gift. If you are leaving a percentage of your residuary estate or assets in a retirement plan, Swarthmore will accept your good faith estimate of what the College will ultimately receive—a snapshot of what you currently believe your estate intention to be.
- May I designate my estate gift to a specific program or initiative at Swarthmore?
Unrestricted gifts allow the College to use your gift where the need is greatest. However, you may designate your estate gift to a favorite program or initiative such as financial aid. You may also add it to an existing endowed fund. If you choose to restrict your estate gift, please contact us to ensure that your wishes can be honored.
- What happens if I change my estate plan or if my estate gift cannot be satisfied?
The estate commitment form is not legally binding, and we understand that your plans or circumstances may change in the future. If your estate gift cannot be satisfied in full, we will gratefully accept any remaining amount or portion that is earmarked for Swarthmore. If you make changes that affect your estate gift, please let us know so that we can update our records.
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