The University of Akron is a state-supported institution. Why are gifts needed if it receives state funds?The University receives funds from three sources -- tuition, state appropriations and private support. Although tuition and state monies provide a portion of the University's operating budget, they do not cover the average cost of educating a full-time student nor the monies needed for endowments, construction projects or renovations. There will always be more needs than those two sources can supply. Consequently, private support is vital to the continued growth and success of the University.
Why are unrestricted gifts so important?
Unrestricted gifts can be used wherever needs are greatest, allowing the University the flexibility to address its most pressing needs.
May I specify how my gift is used?
Yes. You can specify which college, department, scholarship or specific fund you would like to receive your support.
Is my gift tax-deductible?
Gifts to the University are 100% tax-deductible.
How do I make a matching gift?
Matching gifts are made by employers in support of charitable gifts made by their employees to certain non-profit institutions such as universities. Many companies offer to match the gifts that their employees make to certain not-for-profit institutions and organizations such as universities. If you work for a company with a matching gift program, you provide your employer with information about your gift, and the company does the rest. Some companies extend matching gift privileges to include board members, retirees and employees’ spouses. Check with your company’s Human Resources Department for additional information and a matching gift form.
Can I make my gift with a credit card?
Yes. The University accepts VISA, MasterCard and Discover.
Where should I send a gift?
Department of Development
The University of Akron
Martin University Center
Akron, OH 44325-2603
What benefits will I receive from making a planned gift in support of The University of Akron?
Donors of planned gifts can receive a number of financial benefits from their gifts, depending on the type of gift made. Your financial commitment will have a direct impact on the University, allowing you to show your support in a very tangible way. We will be happy to work with you to ensure that your gift will be used exactly as you direct. Your planned gift will also qualify you for membership in the Society for Tomorrow. For more information, contact David Horn, Director of Planned Giving, at 330-972-6870 or dhorn@uakron.edu.
How will making a planned gift help the University now if the money will not be available for many years to come?
Many alumni and friends are not able to make a major gift presently, due to any number of factors. A gift planned to mature at some point later in time allows the University to move forward, secure in the knowledge that the funds will be available at a future date. For many donors, the planned gift that will mature many years in the future may be larger than any outright gifts they could make.
What are the various types of planned or deferred gifts?
There are several types of planned or deferred gifts, and the one that is most appropriate for you depends on a number of factors, such as the size of the gift, the age of the beneficiary/beneficiaries, the amount of income needed and the length of time income is needed. For more specific information, contact David Horn, Director of Planned Giving, at 330-972-6870 or dhorn@uakron.edu.
Can I make a gift anonymously?
Yes. The University will respect your desire for anonymity and will not disclose your gift if that is your desire. You can discuss your gift confidentially with a development professional. You may contact the Department of Development at 330-972-7238 or development@uakron.edu.
Can my gift support multiple areas at the University?
Gifts to benefit multiple areas within the University can be handled easily. Please discuss your needs with one of our development professionals or contact the Department of Development at 330-972-7238 or development@uakron.edu.
