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Outright & Deferred Gifts

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Glossary

“Outright” and “deferred” are examples of organization-centric terms that often confuse donors who are simply trying to make a gift to charity. Over the years, the terms have crept out of fundraising offices and into publications and web sites in an attempt to explain various types of gift vehicles. Compounding the problem is that the terms do not have clear definitions, and gift plans often do not fit neatly into either category.

Very broadly, an outright gift is a gift that you make today and that Clarkson will use right now. This would normally include gifts to The Clarkson Fund and to endowments and immediate needs. It may also include gift pledges that you intend to fulfill over several years.

Deferred gifts will generally be received and/or used by Clarkson at some point in the future. This might include gifts such as bequests, charitable gift annuities, charitable remainder trusts and life estates.

Basically, the terms help Clarkson understand which gifts will be received sooner and which will come later, enabling the University to plan its finances and programming more effectively. The terms have no legal definitions, nor do they imply any difference in how much Clarkson appreciates your gift.

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This web page does not provide legal or financial advice, nor is it a comprehensive review of the topic. You should consult your legal and financial advisors and Clarkson University before making or planning your gift. (rev 2/2014)