Donna Dean

Giving Guide for Planned Giving! Give Now
 

 

Planned Giving

This allows you to make significant gifts to Wayland Baptist University either during your lifetime or as part of an estate plan. Our professional staff has the tools and resources available to make the process as easy as possible.

General Fund

General funds help Wayland make needed upgrades to technology on its 13 campuses and improvements to buildings, including residence halls on the Plainview campus. All these things help students have a quality experience at their "home away from home" as they seek their dreams through education.

Directed Funds

Directed funds to a specific project or campaign, such as a building fund or academic department, see that specific needs are met for providing adequate spaces for growing academic program and student experiences. Many times, donors choose a project that aligns with their interests and goals.

Endowments

Endowed scholarships provide funds to offset the cost of higher education for students with financial need.

Scholarships are established with any amount of donation and invested. Once the fund reaches $25,000, it becomes endowed and interest is pulled annually for scholarships. Since only interest funds are used, endowed scholarships really are the "forever gift," a lasting legacy for families.

Cash

Gifts of cash by check, credit card or bank drafts are easy ways to make a one-time gift or to put Wayland in your monthly budget.

Securities

Gifts of stock, insurance policies or IRA disbursements provide a way to earn tax savings and invest in the dreams of young people.

Accepted appreciated securities include:
  • Stocks
  • Bonds
  • Mutual Funds
Gifts-in-Kind

Gifts-in-Kind, such as goods or services the university can use in daily operations, may, also be donated. Larger gifts such as your home, farm or other real estate properties can help you give a gift and avoid capital gains taxes and other costs.

Gifts-in-kind can include:

  • Automobiles
  • Furnishings
  • Precious minerals
  • Livestock
  • Machinery
  • Farm or Ranch property
  • Vacant land
  • Residential property
  • Commercial property
Memorials or honorariums

Memorials or honorariums help you recognize special loved ones while impacting another generation. Those gifts can be directed to a specific fund or to general funds.

Gift of Life Insurance

A life insurance policy can become a gift of much greater value than the actual money expended when the policy is given to Wayland Baptist University , which is named as the beneficiary. The donor either can pay up the entire policy or make annual contributions to Wayland for the cost of the premiums. This is a tax-deductable gift.

In most cases, current tax advantages are available only when ownership and beneficial interest in the policy is irrevocably transferred to the Foundation.

Whole and universal life insurance policies may accrue cash value and are usually assignable.

Term life insurance policies (e.g., a group term life policy provided by an employer) may not be assignable. However, a donor (insured) may still be able to designate Wayland as a beneficiary.

 

For more information or questions you might have, please contact Mike Melcher.

 

Mike Melcher

Mike Melcher
Executive Director of Institutional Advancement

1900 W. 7th CMB 1295
806-291-3431 Fax: 806-291-1954
Office: Trinity Building

Email Mike: melcherm@wbu.edu

 

Annual Gifts