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Gift definitions:

Cash or cash equivalents –gifts of cash, securities, etc., either outright or through a planned/deferred gift vehicle (e.g., charitable gift annuity, retained life estate, charitable remainder trust, life insurance, will bequest). The donor may specify the use of the funds or the gift may be unrestricted for use in meeting needs identified by Abraham Baldwin Agricultural College and the ABAC Foundation.

Annual Gifts - Annual gifts are gifts made in the current year that can be utilized immediately. Annual gifts may be designated to help fund opportunities for today and can be assigned to benefit a specific area of interest to you, including student or faculty focused priorities at ABAC.

Deferred Gifts - Deferred gifts are often called “planned gifts” because they are integrally connected to financial and/or estate plans. They range in size from smaller bequests to multi-million dollar trusts. They are called deferred gifts because even though they are given today, the benefits by ABAC will not be realized until sometime in the future.

Designated Gifts - A donor may choose to designate a gift to any college objective at ABAC. A gift may be designated for schools or general support.

Endowed Fund - An endowed fund is one in which the original principal is never invaded and the gift exists in perpetuity. Endowments are generally funded within five years of the initial contribution. Income is distributed annually pursuant to spending policies adopted by the ABAC Foundation. No income will be distributed until the endowment is fully funded. There is no limit for donating gifts to already-existing endowments, but the ABAC Foundation has minimum requirements for establishing new endowments. Each endowment will be supported by an accompanying fund agreement which explains the gift’s purpose and use.

Non-Endowed Funds - Non-endowed funds consist of funds of which both principal and income may be expended, but only for purposes specified in the fund agreements.