Ways to Give
Gifts can be made by cash, check (made payable to The University of Akron Foundation) or by credit card (Visa, MasterCard, Discover), or with the safe, secure online giving option. All gifts will be acknowledged with a receipt for your tax-filing purposes.
Use appreciated securities, such as stocks and bonds, to make a gift. With certain limitations, you can deduct the full fair market value of long-term appreciated securities.
Can include personal residences, farms, vacation homes, commercial buildings or undeveloped parcels of land and can be for the entire property or a fractional interest.
Can include such items as works of art, antiques, books, gems or precious stones, etc. Each gift item must be evaluated on an individual basis to determine whether it is related to the University's tax-exempt mission.
Can include such items as equipment, supplies, services, computer hardware and software, etc. Each gift item must be evaluated on an individual basis to determine whether it is related to the University's tax-exempt mission.
Many companies offer programs where the gifts made by employees are matched. This benefit often applies to retirees, board members and employees' spouses as well.
One of the easiest and most common ways for you to make a gift to the University. Bequests work particularly well for those who do not wish to make an immediate outright gift, but would like to support the University in the future.
You can make the University or The University of Akron Foundation owner of the policy, or you can name the University as the beneficiary of your policy. Life insurance interacts well with other life income gift arrangements.
Charitable Gift Annuity
You transfer assets to The University of Akron Foundation, and in return, the Foundation agrees to make regular, fixed payments to you for the rest of your life. The transaction is both a purchase of an annuity and a charitable contribution.
Charitable Remainder Annuity Trust
You irrevocably transfer cash, securities or property to a trust for the University's benefit. In exchange, you and/or designated beneficiaries receive a fixed dollar amount, at least annually, for life or for a fixed term up to 20 years. At your death, the death of your beneficiaries or the end of the term, the trust terminates, and the assets are transferred to the Foundation.
Charitable Remainder Unitrust
You transfer assets to a trustee for the University. You retain an income interest in the property and continue to receive the income for as long as you live, for your lifetime and that of another beneficiary, or for a fixed term up to 20 years. The unitrust pays a percentage of the trust assets, as valued annually.
Pooled Income Fund
Your gift is comingled with those of other donors. You receive a pro rata share of dividends and interest, all of which must be paid out. As assets of the fund increase, so does the value of your shares. Your portion of the income is taxed as ordinary income.
For more information on how you can help or for caring assistance with your gift we invite you to contact Evelyn DiBello at firstname.lastname@example.org or (330) 972-2575