|Glossary of Giving|
Sometimes the details of giving can get complicated, and we're here to help with that. Still, you might hear some strange terms tossed around during discussions of giving. Here's a guide to what you might hear us talking about. This might even give you some ideas about how to give a way that you hadn't thought of yet.
- Annual Gift
A donation given yearly to support reliable monies for ongoing programs and services
A gift of property or assets to a beneficiary as defined in a will. A bequest may be of a specific sum, a percentage, or the residue of an estate, and may consist of cash, securities (stocks and bonds), life insurance proceeds, real estate, and/or personal property
- Capital Gift
A gift made to build or renovate a physical facility
A permanent fund invested to produce income, with only a portion of the investment earnings being spent. The rest of the earnings are channeled back into the fund so that the endowment grows and becomes a perpetual source of funding. Over time, a well-managed endowment grows faster than the usual rate of inflation, providing a continual source of funding
- Gift Annuity
A gift structured to provide income for the donor and possibly a secondary beneficiary. The annuitant (the person investing funds) receives a contract or agreement stating that the Hollings Cancer Center will pay the annuitant a fixed income for life with payments to start immediately or at some set future time
A contribution of equipment, supplies or other tangible resources, as distinguished from a monetary gift
- Life Income Gift
A gift that allows the donor or someone designated by the donor to receive income for life, after which the Hollings Cancer Center receives the use of the gift for the purpose specified by the donor. Life income gifts are often used by supporters who need the income their assets can provide during their retirement years, but wish to make a significant gift to the Hollings Cancer Center
- Matching Gift
A donation from an employer matching an employee's charitable contribution, thereby doubling or even tripling the amount of the contribution
Click here to learn how to make a matching gift.
- Naming Opportunity
A chance for donors to name a building, a portion of a building, a scholarship, or a professorship, often in honor of a loved one
- Outright Gift
A gift which immediately benefits the Hollings Cancer Center. Outright gifts include cash, securities (stocks and bonds), real estate, tangible personal property, matching gifts and gifts-in-kind
- Planned Gift
A gift that anticipates the donor's future circumstances and is often made as part of retirement or estate planning
Click here to learn how to make a planned gift.
A promise to give over a period of years, allowing donors to spread gift payments over time
- Stock Gift
A donation of stock which may allow the donor to avoid capital gains tax on the appreciation in market value of the shares
Click here to learn how to make a stock gift.
Any arrangement in which property is to be held and administered by a trustee for the benefit of those for whom the trust was created. Depending on the type and how it is established, a trust may be revocable (changeable) or irrevocable (not changeable)
- Unrestricted Gift
A donation made without specifications as to how it should be used. Such gifts allow the Hollings Cancer Center to apply the gift where it is most needed