Planned gifts fund many different programs and areas of need at RU, including capital projects, academic departmental needs, and scholarships.
An example of how a single planned gift might meet many different needs can be found in the Painter Endowment. Through her will, former Roanoke, Va., schoolteacher Ruth Bricker Painter (’28) established a fund for educational purposes in the RU biology department. With funding around $133,000, the Ruth Bricker Painter Biology Endowment will assist future generations of biology students and faculty. Five percent of the fund will be given to the department each year to spend at their discretion, whether that is on scholarships, equipment, or faculty development. Earnings made by the endowment above five percent are rolled back into the fund to ensure its continued significance.
What are some of the financial instruments used in planned giving?
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