Through the generous contributions of so many of our alumni and friends, as well as corporations and foundations, the College of Health Professions at The University of Akron is better able to provide the education and training necessary to prepare outstanding undergraduate and graduate students to meet the health care demands of our 21st century world.
The need for continuing private support of public higher education has never been greater. Your gifts aid the College of Health Professions as it recruits and retains the brightest students. Together, we can help our students accomplish their educational and career goals.
Your gift provides the College of Health Professions with the ability to graduate students prepared to excel as professionals in an evolving health care environment. Gifts can be earmarked to provide for a wide-range of needs within the College of Health Professions including scholarships, capital projects, endowments and special needs.
Gifts can be made to the College of Health Professions in two categories — outright gifts and planned gifts.
Outright gifts include cash, online contributions, securities and real estate, and matching gifts.
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.
Planned gifts include bequests, life insurance and charitable gift annuities.
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.
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.
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.
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.
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.
You transfer title to a residence or farm to the University while retaining the right to live there and use the property for life.
You transfer property to a trust. The trustee may be the University, a bank, yourself or any combination thereof. The trust pays an annual amount to the University for a specific period chosen by you. After this time, the property returns to you or a noncharitable beneficiary. The property is generally appreciated and transferred with significantly reduced gift or estate taxes.
You provide gifts of real estate, cash or other property, knowing that all or part of the assets may be returned upon request during your lifetime.
College Dean's Office
Interim Dean, College of Health Professions
Mary Gladwin Hall 101
209 Carroll Street
Akron, OH 44325-3700
To give to the College of Health Professions, share your story, or for more information, contact:
William M. Cole
Director of Major Gifts, College of Health Professions
The University of Akron
Akron, OH 44325-2603
Director of Development, College of Health Professions
The University of Akron
Akron, OH 44325-2603