Frequently Asked Questions
Can I create income with my gift?
Yes! has many plans for Gifts That Pay You Income. You can also provide income for a child, a grandchild, a parent, or a friend. That income can increase cash flow now and/or during retirement, pay for a college education, provide income for aging parents, or perhaps assist a loved one with special needs. You can also provide income to by using a Charitable Lead Trust.
I am unable to make a current gift, but I'd still like to support in the future. Any ideas?
While cash or a check is a simple way to make a gift, you might want to consider the following:
| GIFT TYPE | POSSIBLE BENEFITS |
| Cash | Current income-tax deduction Generate income |
| Appreciated securities, such as stocks, bonds, or mutual funds | Elimination or reduction of capital-gain tax Current income-tax deduction Generate income |
| Donate an interest in closely held or family business stock | Reduce the cost of passing the business to heirs Income- and estate-tax savings Generate income |
Can I direct how will use my gift?
Most often the answer to this is “Yes!” Many donors direct that their gifts be used to create scholarships, support specific departments, honor a favorite faculty member, or remember a loved one. Please be sure to discuss this when you make your gift.
How will recognize my gift?
If your gift is a bequest commitment, life-income plan, or lead trust, you will become a permanent member of ’s 1866 Legacy Society. Of course, we will also honor any requests for gifts to be anonymous.
Why should I consider a gift to ?
Gifts are made for many different reasons. Often gifts are made
- To express gratitude for the education you received
- To honor a loved one or a professor who was important to your education
- To ensure will remain a vibrant and strong place for today’s students and for future students
- To help provide the very best in education to students, regardless of their finances
- To celebrate a special occasion—such as your 50th Wooster Reunion
