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On February 26, 2010, OSU alumnus T. Boone Pickens made a surprising
and incredible announcement to provide a testamentary matching gift of up to $100
million. This commitment illustrates the enduring generosity of Mr. Pickens to his
alma mater, as well as challenging and inspiring our alumni and friends to create
their own philanthropic legacies to benefit OSU.
PLSM Criteria
Immediate
Scholarships/Fellowships Endowment
- Gifts that qualify under the
matching guidelines include outright gifts (cash,
stocks, etc.) or pledge commitments of up to five years
directed to new or existing endowments within any area
of the university.
- There is a $50,000 minimum gift
size per scholarship/ endowment fund for match
eligibility.
- Corporate matching gifts may
count toward minimum eligibility.
- Donors/Families may “band
together” as long as it goes into one endowed fund.
Deferred/Estate Scholarship
Endowment
- In order for an estate gift to
qualify for the Pickens match the donor must make a
commitment for a deferred gift and must make equal
annual contributions for not more than ten consecutive
years that total 50% of the amount of the estate gift
commitment.
- Qualifying gifts under the estate
component would include outright gifts paid as a result
of donor’s or donor’s spouse’s death (will bequest,
trust benefit, life insurance, etc.).
- The minimum estate commitment
qualifying for the Pickens match is $200,000.
- The annual contribution will be
used for the same purpose as the endowment.
- After the death of donor and Mr.
Pickens, the pledged amount of the estate gift will be
matched if the donor made all of the annual
contributions. However, if the donor does not make all
of the annual contributions then the Pickens match will
be contributed to the OSU general scholarship fund.
Your Gift in Action
Learn more about Branding Success’ scholarship
giving opportunities.
Click here to download a copy of the PLSM pledge form.
Contact us for more information or to speak with someone
directly about the Pickens Legacy Scholarship Match opportunity.
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