GW Legacy Challenge
Description of the Program
The GW Legacy Challenge is a matching gift program that enables GW alumni and friends to have an immediate impact when they make planned gifts to support to the university (e.g. via bequests in a will or living trust, retirement plan beneficiary designations, etc.). When you document a planned gift to GW, you can immediately direct GW Legacy Challenge matching funds to a purpose that resonates with you, such as scholarships or support for a specific school or program. For every $10 of your pledged planned gift, $1 of Legacy Challenge matching funds (with a cap of $10,000) will be directed to the GW purpose you select.
Make an impact now by documenting your planned gift today! As of February 1, 2017, we have a pool of $250,000 in unrestricted matching funds that are available on a first come, first served basis to any donor who documents a planned gift. The GW Legacy Challenge program will end when the matching funds have been depleted.
Office of Planned Giving
The George Washington University
2033 K St, NW, Suite 300 • Washington, DC 20052
877-498-7590 • firstname.lastname@example.org
Q: What types of planned gifts qualify for the GW Legacy Challenge?
A: Planned gifts eligible for matching funds include: bequests via will or living trust, beneficiary designations from a retirement account, charitable gift annuities, charitable remainder trusts, charitable lead trust, and beneficiary designation of a life insurance policy given to GW (the match would be based on the existing cash amount in the policy). If you want to know if your gift qualifies for a match, please email email@example.com or call 877-498-7590.
Q: If I have already documented a planned gift with GW, will it qualify for the GW Legacy Challenge?
A: Thank you very much for documenting your planned gift with GW. Generally speaking, the GW Legacy Challenge is meant to encourage the creation of new planned gifts or to inform the university about previously established but unreported planned gifts. However, if you have increased the amount of a previously documented bequest, or if you previously documented the gift of a percentage of your trust or residual estate and the estimated value of that percentage has more than doubled, then we may be able to credit the increased value to the Challenge. To confirm that your gift qualifies for a match, please email firstname.lastname@example.org.
Q: How do I document my planned gift for the GW Legacy Challenge?
A: You can document your planned gift by submitting a GW Legacy Challenge Gift Confirmation form, which you can download HERE. Print the document, fill it out, and return it via email to email@example.com or via mail to the Office of Planned Giving at the George Washington University, 2033 K St, NW, Suite 300, Washington, DC 20052.
Q: If my bequest will create a future scholarship fund in my name, can the GW Legacy Challenge matching funds be used for a current use scholarship in my name?
A: Yes, if you have previously established a current use scholarship fund at GW. If not, then GW Legacy Challenge matching funds for scholarships will be allocated to the Power and Promise fund, which will be used for current use scholarships benefiting any GW school(s) you choose to support.
Q: Can I direct the GW Legacy Challenge matching funds to a different school or program than where my bequest is directed?
A: Absolutely! That is one of the best features of the GW Legacy Challenge - the matching funds can be directed to any school, program, or existing endowed fund at GW, and they do not need to follow the same designation of your bequest.
Q: What if the value of my bequest exceeds $100,000 - will I qualify for more than $10,000 matching funds?
A: We have set a cap of $10,000 on matching funds. Since one purpose of the GW Legacy Challenge is to reward many people for documenting their planned gifts to GW, we do not want to expend all of our matching funds on a small number of large bequests.