Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Does the points system recognize deferred gifts?

0
Posted

Does the points system recognize deferred gifts?

0

Yes. Members who make deferred gifts earn John Purdue Club points immediately, with one point awarded for every $500 dedicated to Purdue Athletics. For example, a member who establishes a $50,000 trust and makes John Purdue Club the beneficiary earns 100 priority points immediately. If the membership transfers to the surviving spouse, the spouse would receive additional points for cumulative contributions (one point per $100, less the number of points already awarded) once John Purdue Club receives the gift. In the above example, when John Purdue Club receives the $50,000 gift, the surviving spouse would receive 400 additional points.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123