Planned Giving Receipting

Procedure Number
210
Applies to:

College Foundation, College employees

Effective Date
06 Mar 2014
Last Reviewed Date
16 Nov 2023
Editor
smarshall3@spscc.edu
Steward
Vice President for Advancement
CADM
Content
Section Content
Subsection Title
Planned Giving Receipting
Subsection Content

Planned giving is defined as gifts arranged by a donor during his or her lifetime, but whose principal benefits do not accrue to the College or Foundation until after the donor's death, or in the case of charitable trusts, after the death of the last income beneficiary named at the time the donor makes the gift.

Planned giving instruments currently accepted at the discretion of the College are:

  • Bequests
  • Life insurance
  • Trusts
  • Gifts of property
  • Estate-related tools
Subsection Title
Scholarship Funds
Subsection Content

Guidelines for donors who wish to contribute scholarship funds are established by the College Foundation. If any member of the College community is contacted about a prospective scholarship donation, the College Foundation should immediately be notified. All private scholarship monies are received through the College Foundation and administered jointly by the College Foundation and Financial Aid Offices.

Parent Policy