DIXIE STATE COLLEGE OF UTAH

POLICIES AND PROCEDURES MANUAL


Section: 7-Institutional Advancement

Policy No: 14

Approved: 9/26/96

Policy: PLANNED GIVING

7 - 14 PLANNED GIVING

14.1 PURPOSE

To outline and define policy regarding planned gifts to Dixie State College.

14.2 DEFINITION

14.2.1 Planned gifts are contributions from individuals established through trusts, annuities, bequests, and other gift agreements. Such gifts may accrue to the college immediately, after a given period of time, or upon the death of the donor and/or the donor's beneficiaries.

14.3 POLICY

14.3.1 It is in the best long-range interests of the college to maintain a high-level program of planned giving. In addition to benefiting the college, the planned giving program also provides a service in special circumstances to those who make planned gifts. The college therefore encourages individual planned giving programs when they are appropriate to the financial programs of donors and to the development goals of the college.

14.3.2 These programs include, but are not limited to:

14.3.2.1 Charitable Remainder Unitrusts

14.3.2.2 Charitable Remainder Annuity Trusts

14.3.2.3 Charitable Lead Trusts

14.3.2.4 Retained Life Estates

14.3.2.5 Pooled Income Funds

14.3.2.6 Outright Bequests

14.3.2.7 Bequests Reserving Life Income

14.3.2.8 Bequests to a Q-TIP Trust

14.3.2.9 Bequests of Income

14.3.2.10 Life Insurance

14.3.2.11 Gift Annuities

14.3.3 The Institutional Advancement Office will work with community professionals in the legal, accounting, insurance, investment and related fields to offer planned giving seminars.

14.3.3.1 These seminars will be held for prospective donors who may need information on the variety of personal as well as charitable benefits derived from planned giving.

14.3.3.2 The Institutional Advancement Office will be provided with budget to prepare brochures and other handout materials to be given to prospective donors at these seminars.

14.3.4 All planned giving efforts are made under the direct supervision of the president.