Frequently Asked Questions
Why should I give to Olivet College?
Your generosity – along with that of our other friends and supporters – makes possible the programs and projects that are hallmarks of our mission. Not only is giving satisfying, it can be rewarding, allowing you to make a personal statement, shape the future, and leave a lasting legacy.
What is the best way to give to Olivet College?
There is no “best way.” Rather, there are many, many ways to give. You can write a check, use a credit card, transfer stock, bonds, or real estate. You can make a bequest or designate us as the beneficiary of an IRA. We would love to help you explore the options to find the right gift opportunities for you. Simply use the “contact us” button above to get in touch.
How do I know how my gift will be used?
With a few exceptions, you can designate how your gift will be used. You can apply it to an existing program…you can start a new endowment fund…you can specify that it be applied to Responsible Leaners – Responsible Leaders: Olivet College 2020 and Beyond Campaign…or you can state that a gift should be used to support our overall mission.
How do I designate how I want my gift to be used?
You can specify your wishes with a letter of intent or by creating a Memorandum of Agreement. Or simply write in the memo portion of your check how you want your gift to be used.
How can I find out more about making a gift of stock or including Olivet College in my estate plan?
Simply use the “contact us” button above and we will be happy to talk to you about gift opportunities.
What is the difference between a designated gift and an unrestricted gift?
A designed gift is used for the special purpose that you specify. An unrestricted gift is put in the general fund that supports all of our programs and projects as well as our overall mission.
How does a charitable bequest work?
A charitable bequest lets you make a gift now that is realized some time in the future. Simply designate in your will that (our institution) receives a specific amount or certain property at your death. If you already have a will, your attorney can easily amend it through a codicil. Since a bequest gift is not completed today, you have the opportunity to change the gift arrangement if your needs or goals change. For many of our supporters, a charitable bequest is an ideal way to make a meaningful gift.
I’d like to make a gift but I don’t know if I can make a gift now…
Whatever your philanthropic goals, planning now is the right thing to do. But planning now does not mean you have to give now. Some of the most meaningful and rewarding gifts are those that can be planned today and completed later. Ask us for more information.