Endowed Gifts, Planned Gifts, and Bequests

Endowed Gifts

A gift to the endowment at WDET is an investment in the future. With careful stewardship, endowed funds grow in value over time, providing resources in perpetuity. Each endowed fund has an invested principal that is never spent. The principal earns income that is then distributed to a spending account. The spending account is then used to support the specified purpose of the endowed fund.

Endowed funds can be restricted, meaning that they are used to support a purpose designated by the donor. Many WDET donors designate their giving to a program. Alternatively, some donors establish unrestricted endowed funds, which are used by WDET to provide support where it is needed most.

Planned Gifts

A planned gift is a thoughtful and strategic way to support WDET. There are several types of planned gifts to suit a variety of personal and charitable goals. Because every donor's circumstance, needs and assets are different, we recommend that you discuss your specific goals with our planned giving professionals to help make your gift as effective as possible, both for you and for WDET.

Bequests

Individuals may make a gift through a bequest, where WDET is named as a beneficiary in a will or trust. The bequest may be for an exact amount or for a percentage of the estate. The gift may be designated for a specific purpose or it may be left unrestricted, benefiting the area WDET where it is needed most.The donor's estate will be entitled to a tax deduction for the charitable gift.

For more information, please contact:

Meg Callow
Senior Major Gift Officer
313.577.4037
mcallow(at)wayne(dot)edu

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