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Eighteen new or increased deferred gifts were established in 2002-03
Eighteen friends established new or increased deferred gifts to Dordt College last year. Through the efforts of the Dordt College Planned Giving Office and the Barnabas Foundation, these gifts have an expected maturity gift value of $4,511,000.
Bequests in wills, gift annuities, charitable trusts, and life insurance policies naming Dordt College as the beneficiary are all considered to be "deferred gifts" because these gifts do not become available for use by the college until a specified future date. Maturity dates may be upon the demise of the donors (in the case of bequests and most gift annuities) or can be a set number of years (in the case of certain types of trusts). Most deferred gifts are earmarked for endowment purposes.
Cumulatively, a total of 555 friends have made deferred gifts for the benefit of the college. Friends who have made deferred gifts and have notified us of such gifts are considered to be members of the Dordt College Heritage Society. Members of the Heritage Society have committed over $16 million in "expectancies" to the future endowment of the college. We are most grateful to God for the love and special commitment of these friends to Dordt College's future.
If you have made provision for Dordt College through such a deferred gift but have not been formally recognized as a member of the Heritage Society, please let us know so we can make you an official member.
If you haven't yet made a deferred gift commitment to the college, we ask that you prayerfully consider doing so. It is one of the single, most important things you can do to ensure the future stability of the college and to help keep Dordt College affordable for future generations of Christian youth.