Legacy Society
Name of the Society
What is Thomas I. Bergin Legacy Society?
Term Used for a Documented Planned Gift Under Constituencies
What is Planned Giver?
Name an Estate Gift
What are (1) Bequests, (2) Beneficiary Designations, (3) Life Income Gifts (CGAs or CRTs), (4) Donor Designated Fund, (5) Gifts of Real Estate (Retained Life Estate or Percentage of Home/Property)
Name a Reason Why the Estate Manager Was Created
What is oversight of estates to prevent confusion, inefficient management, and the risk that the university will not meet the estate's requirements?
True or False: There is only one way to become a Bergin Member.
What is False?
A donor can either document or state their intention to include SCU in their estate plans. This can be done verbally or in writing.
A Booked Planned Gift Is Found Under What Tab
What is under Prospect? And then Planned Gift.
Age to Book a Planned Gift
What is 60?
We will document at any age, but "credit" is only assigned when the prospect is 60 or older.
True or False: the Estate Manager dictates the direction of the gift.
What is False? The EM has no 'skin in the game' concerning the direction of the gift. The only objective is to adhere to the terms of the bequest. Any undesignated gift will be at the discretion of the President (cc VP of University Relations).
Name a Way to Qualify for Membership
What are Bequests, Beneficiary (Retirement Plan, Life Insurance or DAF), Life Income Gifts (CGAs or CRTs), or Retained Life Estate?
Name 1 of 3 ways to document a Bergin membership
What is (1) Verbally in a donor meeting or phone call, (2) Email exchange or (3) Signed Bergin Intent Form