Macfadden Legacy Challenge
The Macfadden Legacy Challenge is a matching gift challenge that enables Gallaudet alumni to make an immediate impact when they make or report a new planned gift to Gallaudet University (e.g. via bequests in a will or living trust, retirement plan beneficiary designations, etc.).
When you document a new planned gift to Gallaudet University, you can direct the matching funds to any Gallaudet fund of your choice such as a specific scholarship, a specific program, or even your class reunion fund. For every new documented planned gift, Jim, '62, and Holly, '64, Macfadden will donate $1,000 today in your honor to any Gallaudet fund of your choice!
Moreover, if the estimated value of your planned gift is worth $100,000 or more, you be recognized for your generosity by having your name and photo printed on a beautiful lamp post banner that will be displayed on campus around the Hotchkiss Field during the 2017 Homecoming weekend. The deadline is July 1, 2017 to qualify your gift for a banner.
As of April 1, 2017, we have a pool of $25,000 in unrestricted matching funds that are available on a first come, first served basis to any donor who documents a planned gift. The Macfadden Legacy Challenge will end when the matching funds have been depleted.
Frequently Asked Questions
Q: Do I qualify to participate in the Macfadden Legacy Challenge?
A: To qualify, either you or your spouse must be at least 50 years old, a former student of Gallaudet, and be willing to provide documentation of your planned gift.
Q: What types of planned gifts qualify for the Macfadden Legacy Challenge?
A: 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 Gallaudet. If you want to know if your gift qualifies for a match, please email email@example.com or call (202) 618-6776.
Q: If I have already documented a planned gift with Gallaudet, will it qualify for the Macfadden Legacy Challenge?
A: Thank you very much for documenting your planned gift with Gallaudet. Generally speaking, the Macfadden 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 increased the amount of a previously documented bequest to $100,000 or more, you may qualify for a special recognition 2017 Homecoming lamp post banner. Please email firstname.lastname@example.org or call (202) 618-6776 for more details about the banner.
Q: Can I direct the Macfadden Legacy Challenge matching funds for a purpose that is different than how my bequest will be used?
A: Absolutely! That is one of the best features of the Macfadden Legacy Challenge - the matching funds can be directed to any Gallaudet fund of your choice, and they do not need to follow the same designation of your bequest.
Q: Do I have to decide on a specific dollar amount for my gift today?
A: No. A popular choice is stating a gift as a percentage, which will automatically adjust no matter what the future may bring. However, we do ask that you provide your best estimate for what your gift would be worth.
Q: How can I provide for my family and at the same time support Gallaudet?
A: Many people put aside a percentage -- which could be 10% or 20% -- while still leaving a large majority of their assets to family and friends. Or you could choose to make a charitable gift of whatever balance remains in a retirement account, which also saves on taxes.
Q: Although I didn't graduate from Gallaudet, will mu planned gift qualify for this challenge?
A: Yes! Anyone who has ever enrolled at Gallaudet for amount of and is at least 50 years old is eligible for the Macfadden Legacy Challenge!
Q: How will I be recognized for my gift?
A. You will receive a one year membership to the President's Circle, a lifetime membership to the Abraham Lincoln Legacy Society and be listed in the Honor Roll of Donors. Special recognition is given to donors who make planned giving commitments valued at $100,000 or more by July 1st, 2017. They will have their name and picture printed on a beautiful, durable lamp post banner. The banner will be displayed on campus during the 2017 Homecoming weekend. After being displayed, donors may keep their banner.