Will you meet the Legacy Challenge?
Roy Shanker ’70 and Linda Gibson have generously pledged $2,000,000 to inspire you to leave a legacy to Swarthmore.
Each gift you make that matures in the future—such as a gift in your will or a gift that provides you with income for life—qualifies Swarthmore to receive up to $10,000 in matching funds for financial aid from Roy and Linda through a generous gift in their own will.
About the Challenge
Matching funds up to $2 million will be added to the Roy J. ’70 and Linda G. Shanker Scholarship Fund to support students with financial need. Your own gift may be unrestricted (to be used where the need is greatest), or you may designate it to a specific program, campaign initiative, or existing endowed fund. If your estate gift is for a new fund with a specific purpose, please contact us to ensure that your wishes can be honored.
Gifts made as part of the Legacy Challenge will count towards the Changing Lives, Changing the World campaign if you submit a completed Estate Commitment Form with documentation. For gifts by will, you must be aged 60 or older by June 30, 2020, to qualify for the Challenge. This restriction does not apply to charitable gift annuities or trusts. Please contact Renée P. Atkinson, Director of Gift Planning, at 866-526-4438 or firstname.lastname@example.org for more information.
Estate Commitments and FAQ
Estate gifts provide critical support to the College. The generosity and foresight of alumni and friends who have included Swarthmore in their estate plans help provide for the College’s future and ensure that Swarthmore remains at the forefront of liberal arts education. We hope you’ll join in commemorating and providing for Swarthmore’s future in this special way.
Friends and alumni who will be aged 60 or older by June 30, 2020, qualify for the Legacy Challenge. Find out how to participate in the Legacy Challenge. Learn more.
- 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) to receive the remainder. Other gifts to be realized in the future may also qualify, and we welcome your questions about them.
- Why is Swarthmore counting estate gifts in its fundraising campaign?
Swarthmore wishes to recognize the importance and impact of estate gifts during the donor’s lifetime.
- How can my estate gift be counted in Swarthmore’s campaign?
To have your estate gift count in the campaign, you must:
- My estate gift to Swarthmore will become effective only if my spouse/partner predeceases me. Can my gift still count in the campaign?
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 and be counted in the campaign. 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 you believe the College will ultimately receive.
- 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 campaign 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?
This 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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