What is a major gift?
Major gifts are high impact giving opportunities, often a customized philanthropic investment over several years. These gifts are typically designated to a specific program and may involve a multi-year commitment. Major gifts also may be unrestricted — open to wherever the greatest need exists.
How is a major gift different than an endowment gift?
Major gifts are used immediately; whereas, endowment gifts are invested as principal and only the interest is spent on current programs.
How can a major gift be made?
Major gifts may be made as outright gifts of cash or securities, as pledges payable over a period of time (most commonly, three to five years), or as planned gifts.
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