Types of Gifts
Major Gifts
Major Gifts enable Alma to grow and make substantial changes in a relatively short period of time, speeding the College’s progress toward its medium- and long-range goals.
- Endowed Chair — supports top faculty in designated fields ($1,000,000);
- Professorship — perpetual gift to generate income to recruit and retain excellent faculty members ($250,000);
- Lectureship — supports cost of bringing nationally and internationally recognized speakers to campus each year ($100,000);
- Achievement Awards — allow recognition of outstanding faculty and student achievements with prestigious stipends each year ($50,000);
- Support for Academic Programs and Library Resources — enable the College to develop additional academic programs and enhance our Library’s collection and equipment ($25,000);
- Named Endowed Scholarships — assists Alma College in maintaining maximum enrollment and attract top students while honoring special people in perpetuity ($10,000 - $100,000).
Current gifts are so important to our present scholarships and College operations.
- Alma Fund — assists in various ways on campus, but predominantly for student scholarship aid, helping us to attract the best and brightest students;
- Memorial gifts and In-Honor gifts — assist our students or for designated uses on campus to honor special people in the year;
- Gifts for various areas of campus or academic departments to assist current budget.
Planned and Life Income Gifts
Planned and Life Income Gifts are tools for making significant gifts to Alma College in ways that can be extremely tax advantageous for donors.
- Bequests through a will;
- Gift annuities which provide life income to donors and beneficiaries;
- Charitable remainder trusts which create life income for donors plus a tax deduction for up to 6 years;
- Charitable lead trusts allow transfer of assets to heirs at reduced tax cost and generous gift to Alma College;
- Life insurance policies — naming Alma College as a beneficiary or gifting ownership of policy to the College;
- Retirement plan assets — naming Alma College as beneficiary.
Additional Gifts
Other ways to give to Alma College, receive tax deductions and provide generous support:
- Gifts of cash or securities;
- Gifts of appreciated capital assets;
Giving in a personal way also is beneficial to the College. Here are ways you can make a great difference:
- Serve on Alumni Board
- Become involved with Tartan Clubs
- Take part in the Metro Detroit Business Roundtable to assist graduates with employment in the business world;
- Offer your perspective on “Life Beyond Alma” through the speaker series on campus which features alumni addressing career and graduate school topics;
- Volunteer to assist with events, promoting Alma College in various ways.
