Planned Giving

Thank you for your interest in North Park University and welcome to our Planned Giving web page. Our hope is to provide helpful information for you and your family. We have a growing number of alumni and friends who have made their mark on the University’s future through planned gifts. Continue reading below to see how you can take advantage of planned giving opportunities to meet your personal goals and help make the North Park experience possible for future generations.

Did You Know that You Can Give Now and…

Protect your economic security
Increase your income
Provide for your loved ones, and
Reduce taxes

Did You Know that You Can Arrange for a Gift that Gives Later through a …

Will or Living Trust
Retirement Plan Account
Life Insurance Policy, or
A gift that provides immediate tax savings along with lifetime payments

Financial planning includes management of both current and future financial objectives. Your current budget, your savings plan, college plans for your children, home ownership and your own future financial goals should all be a part of your legacy-building and estate planning process.

North Park University partners with Covenant Trust Company (CTC) to provide resources and assistance with all facets of financial planning. We invite you to visit their website for a wide variety of resources and information about topics like managing your money, protecting your future, building your legacy, and charitable gift planning. There are two colored squares on the right side of their web page. The blue square takes you directly to the Gift Planning Resource Center, while the green one takes you to Retirement Central.

Retirement Planning

It is never too early to start planning for retirement. Along the way, you may want to run a check on whether you are saving enough, or get a handle on how much you may need to save for the kind of retirement security you want. Retirement Central is a service provided by the Covenant Trust Company, and it is available to answer many questions about Individual Retirement Accounts (IRA’s), Social Security, Medicare, and retirement living in general. There are retirement planning calculators for you to use, detailed IRA information, FAQs about Social Security benefits, and Life Stages – a discussion of financial planning concerns for all ages from college through retirement.

Ways You Can Make a Planned Gift

The following examples are ways you can give to North Park University through a planned gift:

Bequest
Charitable Gift Annuity
Charitable Remainder Unitrust
Revocable Living Trust
Charitable Lead Trust
Charitable Life Estate (in a personal residence or farm)
Life Insurance Policy
Retirement assets, such as an IRA

Covenant Trust Company offers the Gift Planning Resource Center. In addition to charitable gift planning information, it features Washington Hotline, The Savvy Senior and a stock ticker!

Recognizing Your Gift

Planned gifts provide vital support for North Park University's operations and endowment. Because of their importance, the Heritage Circle was established to recognize alumni and friends who endorse the University’s mission and who give substance to this commitment through planned gifts. Members of this esteemed group are invited to special events, receive a quarterly newsletter from President David L. Parkyn along with other University publications, and are listed as members of the Heritage Circle in the Honor Roll of donors published in the Annual Report.

For More Information

Thank you for taking the time to explore the benefits of planned giving. If you are interested in receiving information about any type of planned gift, please contact Betty Johnson at North Park University’s Office of Development at (773) 244-5793 or by email. You can reach Covenant Trust Company at (800) 483-2177, by email at info@CovenantTrust.com or visit their website.

The information on this web page is not offered as legal or tax advice. It is important that you discuss any possible planned gifts with your personal financial advisors to determine whether a contemplated gift fits well into your overall circumstances and planning.

Jill NP61-63 and Dean Lundgren

“For the impact that the Covenant and North Park have made in our lives, it is our pleasure, privilege and responsibility to give back to this amazing community so that others can benefit from the North Park experience as we did!”

Ryan C’94 S’97 and Amy C’95
Eikenbary-Barber

“Having three young children brings a sense of urgency to planning for a secure
future. As we worked with a Covenant Trust Company representative, we were able to develop a plan that fulfills our personal financial goals as well as our charitable dreams.

Because North Park has been a constant influence throughout our lives, giving back was a natural response to help carry on the intent and dedication of those who built North Park.”

Mary Westburg C’86

"I realized that through an estate plan I could shape my legacy to positively impact the people and organizations I care about most, while leaving my day-to-day budget intact.”