The Divinity School Annual Fund provides unrestricted support for the core mission of the School. In recent years, all gifts to the Annual Fund have been dedicated to student financial assistance, including:
• Financial aid for master’s degree students,
• Dissertation year funding for PhD students, and
• Stipends for student summer travel and research projects.
The Divinity School welcomes gifts for specific purposes, either one-time cash gifts, pledges (to be paid over five years), or future gifts through an estate or trust.
Designated gifts can be expendable, e.g. intended for immediate use, or directed toward an endowment. Endowments are permanent funds managed by the University’s investment office with the goal of preserving and increasing the principal, while at the same time supporting the Divinity School. A portion of the income is set aside for the designated use, with the remainder added back into the principal so that the fund continues to grow.
We welcome gifts to endowment funds that have already been established, especially those that honor distinguished faculty and alumni of the Divinity School.
Some of these funds support important pedagogical programs at the Divinity School:
• Jerald Brauer Seminar
• Martin Marty Dissertation Seminar
Other endowments provide financial aid for students:http://alumniandfriends.uchicago.edu/site/c.mjJXJ7MLIsE/b.4662177/k.CCDF/Bequests.htm
• Langdon Gilkey Scholarship Fund
• Benjamin E. Mays Scholarship
• Nathan and Charlotte Scott Dissertation Fellowship
With a bit of planning, you have the opportunity to make a gift that will have a great impact on the Divinity School and support both your personal and philanthropic objectives equally. The following gift planning options have special advantages such as increased tax benefits or a current income stream. At the same time, you can enjoy the satisfaction of knowing that your gift will provide vital future support for the Divinity School. All donors who support the University through a planned gift are invited to join the Phoenix Society and are recognized in an annual Honor Roll (unless anonymity is requested).
1. Gifts that provide income
A Charitable Gift Annuity may appeal to you if you are interested in making a gift to the University and would like the dependability of a fixed annual income. In exchange for a gift of $10,000 or more in cash or securities, the University will provide a fixed, guaranteed income to you and/or your spouse for life.
A Charitable Remainder Trust is another way to plan for your future and that of the University. A gift of $100,000 or more in cash, securities or real estate allows you to establish a trust that will make variable payments to you and other income beneficiaries, if you wish, for life. The fact that payments from a charitable remainder trust have the potential to increase over time can serve as a useful hedge against inflation.
2. Future gifts
Making a Bequest to the University is a simple way to leave a lasting legacy. Made with cash, securities, real or personal property, a charitable bequest is fully deductible for estate tax purposes. You may designate a specific sum or asset, provide for a fixed dollar amount or gift a residuary of your estate to the University.
Designating the University as a beneficiary of a portion or all of your 401k, IRA or other retirement plan can be beneficial to your heirs as well as the University. Using a retirement account to make a gift to the University also frees up other assets that may not carry such burdensome tax consequences—such as cash and securities—to leave for children and other family members.