Department of medicine

Types of Gifts

Gift box of moneyBecause there are a variety of ways to support the Department of Medicine, the following glossary should be helpful as you consider the type of gift you would like to make.

Annual Gift 
A donation given at any time during our fiscal year (July 1 to June 30) to support the educational, research and clinical care programs.  These gifts can be made by cash, check, credit card and payroll deduction (employees only).  Annual gifts can also be made by donating appreciated assets such as stock and real estate (see below).

Endowment 
A permanent fund which can be named for you or in honor/memory of a family member or loved one.   The fund is permanent as only a portion of the investment earnings are spent, usually about five percent (5%), ensuring that the endowment grows at a rate faster than that of inflation.  The following types of endowments are available:

Endowed Chair $1,000,000
Professorship $500,000
Fellowship$250,000
Lectureship$100,000
Scholarship$50,000

Honor/Memorial Gift 
A gift at any level which can be made in honor or in memory of an individual or loved one.  Some donors make gifts in honor of their physician while others make gifts in memory of a family member.

Gift-in-Kind
A contribution of equipment, supplies or other tangible property which is valued by the donor when the gift is made.

Matching Gift
A donation from an employer which matches the employee’s contribution, sometimes doubling or tripling the amount of the gift.  The employee (donor) gets full credit for the matching gift portion.  Find out more about
employer matches.

Planned Gift
A gift which requires extra planning and consultation with our Development office.  A planned gift typically involves tax-wise vehicles such as charitable gift annuities, charitable remainder trusts, life insurance, living trusts and bequests which enables you to maximize your contribution to the Department and/or our clinical divisions.

Pledge
A promise to give over a period of years, usually three to five, which allows the donor to spread payments over a period of time, thus maximizing the gift.

Stock and Real Estate Gift 
A donation of appreciated stock/real estate typically allows the donor to avoid capital gains tax while receiving full credit for the current value of the asset.

 
 
 

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