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Meet Our Donors

Thomas E. Page

A Gift and a Challenge
Thomas E. Page describes himself as a regular guy—"Call me Tom," he says—but he's much more than that. In his retirement, the former police officer has taken on the roles of ad hoc ambassador for the city of Detroit and promoter and devotee of bicycling in the city. More

Jane Kay Nugent

Making a Difference Today for Tomorrow
From a young age, Jane Kay Nugent ’48, knew she wanted her life to make a difference. As a woman in the male-dominated field of business, she did just that, breaking glass ceilings at Detroit Edison, donating treasure and talent as a philanthropist and volunteer, and advocating for equal employment opportunities for all. More

Grady Couple

Grady family support spans philanthropy and volunteerism
Based on his decades-long commitment to the University of Detroit Mercy, Dan Grady ‘54 is considered to be an honorary emeritus board member. Over the years, Dan has been a member of the College of Business Administration Advisory Board, a 20-year member of the Board of Trustees, former president of the President's Cabinet and a founding member of the Jesuit 100. More

Catherine Caraher

Professor Catherine Caraher estate benefits CLAE 
History Professor Catherine Caraher left an estate gift to Detroit Mercy through a Charitable Remainder Trust that will be used to support scholarships and renovations at the Jane and Walter Briggs Building, where most of the College of Liberal Arts & Education courses are taught. More

Brad Simmons

Brad Simmons gives back to Detroit Mercy as an advisor and donor
Professors of the College of Business Administration educated Brad Simmons '79, '84 not only about accounting and finance, but also about ethics as a way to assess and solve problems. Those attributes have served him well in his 30-plus years at Ford Motor Co. More

Lawrence Cotman

Dental Scholarship Honors Life of Alumni Lawrence Cotman
Detroit Mercy alumnus Lawrence Cotman D.D.S. '51 enjoyed life but he enjoyed it most by making life a little easier for those around him. He operated his dental practice for more than 41 years in Detroit, and throughout that time, provided free treatment to many, including life-long free care to the nuns at St. Thomas parish and to the families of the Naval Reserves. More

Karl Gschneidner

The Gschneidners Stress the Importance of Education by Designating Detroit Mercy as a Beneficiary
Karl Gschneidner '52, believed that a good education makes a positive difference in the world. His desire for students to achieve success in their studies is the reason he and his wife, Melba, have designated the University of Detroit Mercy as one of the beneficiaries in their will. More

Barbara and Richard Elander

Charitable Remainder Trust Repays Debt of Gratitude
Giving back to the University of Detroit Mercy was high on the list of priorities when Richard Elander (E&S '55, GR '56) and his wife, Barbara, sat down to draw up their estate plan. The Elanders met as students at the University, where he earned his bachelor's and master's degrees in biology. More

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A charitable bequest is one or two sentences in your will or living trust that leave to University of Detroit Mercy a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I give to University of Detroit Mercy, a nonprofit corporation currently located at 4001 W. McNichols Road, Detroit, MI 48221-3038, or its successor thereto, ______________* [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Detroit Mercy or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the gift tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Detroit Mercy as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Detroit Mercy as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and Detroit Mercy where you agree to make a gift to Detroit Mercy and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Personal Estate Planning Kit Request Form

Please provide the following information to view the materials for planning your estate.

eBrochure Request Form

Please provide the following information to view the brochure.