Supporting the College
Types of Gifts
There are many ways to give to Ranken.
- Current gifts (such as cash, credit card, stocks)
- Deferred gifts (bequests, remainder trusts, life insurance, gift annuities)
- In-kind gifts
Current and in-kind gifts are available for immediate use by the College whereas deferred gifts (sometimes referred to as estate gifts or planned gifts) occur at some future time—typically when a person's estate is in the process of being settled.
Most contributions fall into three basic types of gift designations:
- Restricted gifts to benefit a specific program (such as automotive, electrical, others) or purpose (scholarships, equipment purchases)
- Unrestricted or general purpose gifts can be used wherever the College needs them most.
- Endowment gifts where the principal is invested and the income only is used by the College per your written intentions.
A member of the Development Office staff is available to assist you with your questions during the process. Contact Us.
