At Kentucky Wesleyan College, we welcome and appreciate gifts of all sizes – the collective support of our many generous alumni and friends provides the margin of excellence that distinguishes our programs.
We are pleased to offer a wide variety of gift vehicles to help make supporting the program of your choice a comfortable and rewarding experience. Should you have any questions about the following ways of giving, or if you would like assistance planning your contribution, please contact Mary Crawford, Senior Development Associate, at 270-852-3183 or via email at [email protected]
Electronic Fund Transfer
Giving to Kentucky Wesleyan College has never been easier or more convenient. When you use Electronic Fund Transfer (EFT), you authorize Kentucky Wesleyan College to electronically deduct an amount of your choosing from your checking account every month. A small monthly gift turns into a larger gift through Electronic Funds Transfer.
Outright gifts are contributions transferred immediately from the donor to Kentucky Wesleyan College.
•Cash – Gifts of cash may be designated for a specific purpose or may be unrestricted to be used for the greatest need. Giving by credit card online to KWC is an increasingly popular option. Additionally, gifts may be given through Electronic Funds Transfer.
•Securities – Stocks or bonds offer a great way to support KWC. Income tax deductions are available for the fair market value of appreciated securities.
•Tangible Personal Property – Cars, equipment, or other tangible property may be donated to Kentucky Wesleyan to be liquidated or for use in daily operations.
•Residences and Real Estate – Nearly any type of real property may be donated: a personal residence, farm, vacation home, commercial building or parcel of land. A personal residence or farm may be given to KWC even though the owner and other specified persons may continue to live there for a designated time or for the remainder of their lives.
Deferred gifts are received at a time designated by the donor, usually after the donor’s death. For example:
•Life Insurance – Both new insurance policies and those no longer needed to protect beneficiaries may be given to Kentucky Wesleyan. These gifts offer the donor a variety of benefits and often make possible a much larger gift than might otherwise be possible.
•Wills, Bequests, Codicils – One of the easiest and most common ways to make a deferred gift is through a bequest in a will. A bequest can be a specific sum or item, or a percentage of an estate. A bequest can also name Kentucky Wesleyan to receive the remainder of an estate after other specified bequests have been fulfilled. The College may also be named in a codicil, a legally binding addition to an up-to-date will.
Life Income Plans
Kentucky Wesleyan offers three types of life income plans: charitable gift annuities, charitable remainder unitrusts, and charitable remainder annuity trusts. Under each plan, a donor transfers assets to Kentucky Wesleyan and, in exchange, receives a lifetime income that may also continue for another beneficiary.
•Charitable Gift Annuities provide a secure future for the donor and a charitable gift at the same time. This fixed income plan pays the donor, another person, or both a guaranteed income for life. A deferred charitable gift annuity may also be arranged as part of a retirement program.
•Charitable Remainder Annuity Trusts and Charitable Remainder Unitrusts allow a donor to give to Kentucky Wesleyan during his or her lifetime, retain income from the gift, and benefit from both income and capital gains tax savings.
A Charitable Lead Trust enables a donor to transfer assets to the trust, which pays income to the College rather than to a beneficiary. At the end of the trust period, the property or principal returns to the donor or is paid to a non-charitable beneficiary. Such a trust may be established by a donor or created through a will. Gift and estate taxes may be reduced or eliminated when passing property to heirs through a charitable lead trust.
Matching Gifts from employers provide an excellent opportunity to increase the power of a donation. If the company where you or your spouse work (or from which you’re retired) has a corporate matching gift program, your contribution could be matched or doubled! Contact your company’s human resources office and ask for a matching gift form. Complete the employee portion of the form and send it to:
Kentucky Wesleyan College
Office of Alumni & Advancement
3000 Frederica Street
Owensboro, Kentucky 42301
Memorial or Honorary Gifts
Making a gift in honor of a friend or family member or in memory of a loved one is a thoughtful way of paying tribute to someone who has touched your life. Include the name and address of the honoree or their family with your gift to the College. We will send a personal letter informing them of your gift.
Now that you know your possible methods for giving to KWC — go ahead and give! And thanks for your generous support. It makes all the difference to our students!
Restricted Gift Policy
With the cost of higher education continuing to rise, Wesleyan remains committed to providing direct financial assistance to each student in need through the General Scholarship Fund. Every year, 98% of our students receive scholarship aid directly from the College to help fund their education. The ability to continue to provide scholarships in this way remains a top priority.
Knowing the importance of unrestricted funding, as well as the incremental costs (such as new equipment, establishing office space, utilities, and other overhead) involved in administering restricted funds, most public and private colleges and universities in the United States have implemented creative ways to help fund institutional scholarship and operational efforts. As a result, the Kentucky Wesleyan College Board of Trustees approved a measure, effective June 1, 2016, to help achieve this objective.
Beginning with the 2016-17 fiscal year, twenty percent (20%) of all new restricted (designated for a particular area) gifts, in the amount of $1,000-$24,999, will be allocated as follows:
- 10% to the General Scholarship Fund
- 10% to the Institutional Enhancement Fund
This allocation will enable the College to adequately administer programs benefiting from restricted gifts, while allowing financial flexibility to provide additional scholarship assistance and creating discretionary funds for new initiatives, unforeseen circumstances, and necessary capital improvements that sometimes arise throughout the year.
The allocation will be subject to the following provisions:
*Gifts of $1,000-$24,999 to a specific athletics program will be exempt from the General Scholarship Fund and Institutional Enhancement Fund allocations, but will be subject to a 20% allocation to the General Athletics Fund to be designated for athletics scholarship and operational needs.
*Gifts of any amount designated for the Wesleyan General Scholarship Fund or the General Athletics Fund will not be subject to a separate allocation.
It is important for Kentucky Wesleyan to present this information in a transparent fashion, so you know exactly how your investment in the College is to be utilized.
If you have questions, please do not hesitate to contact us at [email protected].