Frequently Asked Questions

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What is a planned gift?

A planned gift is a major gift, made in lifetime or at death, generally as part of the donor’s overall financial and/or estate planning.  Planned gifts are usually gifts of assets, as opposed to income, and often allow donors to make larger gifts to Rhodes than they normally could make from income.

What is a deferred gift and how does it differ from a planned gift?

A deferred gift is a type of planned gift.  Deferred gifts are planned gifts designed to benefit Rhodes in the future.

Why is it important that I notify Rhodes when I include the college in my estate plans?

Rhodes is honored by each donor who includes us in an estate plan, and values the opportunity to recognize and thank donors.  We have several donor recognition programs (often referred to as legacy societies) and want all planned giving donors to have the opportunity to participate in one of them. 

Even though my gift is deferred, will I be able to specify how my gift is to be used?

Yes.  At the time the gift is planned, the Rhodes staff will work with you to make sure that your gift is used according to your wishes.  

 

For more information about planned giving, contact Nicki Soule ′93, Director of Golden Lynx Programs, at (901) 843-3740 or soulen@rhodes.edu.