Frequently Asked Questions

• Can I create income with my gift?

  Yes! Hood College has many plans for Gifts That Pay You Income. You can also provide income for a child, a grandchild, a parent, or a friend. That income can increase cash flow now and/or during retirement, pay for a college education, provide income for aging parents, or perhaps assist a loved one with special needs. You can also provide income to Hood College by using a Charitable Lead Trust.

• I am unable to make a current gift, but I'd still like to support Hood College in the future. Any ideas?

  An easy and low-cost way to make a gift to Hood College is to include us in your will or revocable trust. Gifts by Will are a major source of endowment support at Hood. Each individual legacy contributes to our financial strength and ability to meet the needs of our students and their families. If you have not already done so, please consider putting Hood College in your will or revocable trust. See our Bequest Language page for samples of how to do this. You can also designate Hood the beneficiary of Life Insurance, annuities, or Retirement-Plan Benefits.

• Can I direct how Hood College will use my gift?

  Most often the answer to this is “yes”! Many donors direct that their gifts be used to fund programs, support specific departments, or remember a loved one. Please be sure to discuss this when you make your gift.

• How will Hood College recognize my gift?

  Your gift will be listed in the Annual Report of Donors in the year you make the gift. If your gift is a bequest commitment, or through life insurance, life-income plans, or lead trusts, you will become a permanent member of our Giving Society. Of course, we will also honor any requests for gifts to be anonymous.

• Why should I consider a gift to Hood College?

  Gifts are made for many different reasons. Often gifts are made:

  • To express gratitude for the excellent education you received.
  • To honor a loved one.
  • To ensure Hood College will remain a vibrant and strong place for today’s future students.
  • To help Hood College provide needed scholarship support to students.
  • To celebrate a special occasion.
• How are planned gifts included in a campaign?

  If you make an irrevocable gift to the college and are 70 or older, your gift can be counted in a campaign.

To find out more about making a planned gift to Hood, please contact us.