Common Gift Types
Cash and Securities
Cash or securities are among the most popular types of gifts for the college of pharmacy. Many of our alumni and friends make annual unrestricted contributions to the Academy For Excellence Fund. Checks should be payable to the University of Florida Foundation, Inc.
American Express, MasterCard, Visa, or Discover are popular methods for gifts of all sizes.
Gifts of real estate can significantly enhance college productivity and performance and provide substantial tax benefits for donors. Most real estate gifts are sold and the proceeds are invested in areas of campus designated by the donor. Although most gifts are given outright, they may be used to fund charitable remainder trusts (CRT) that pay income to the donor or other beneficiaries designated by the donor. We have experienced real estate and other professional staff to assist donors and their advisers who are considering gifts of real estate. Our procedures (both trust & non trust) for accepting real estate gifts are simple, and our comprehensive real estate policy provides assurance that gifts will be handled professionally to achieve the charitable goals envisioned by donors.
Create your legacy with a Planned Gift (wills, trusts, life estates, insurance). These charitable gifts help us meet our current goals and reach further into the future. But did you know that a planned gift to the UF College of Pharmacy can help you achieve your goals as well by protecting your property, providing for your family, and guaranteeing you a life income? What and how to give depends on your situation. Our staff is ready to work with you and your advisors, in confidence and without obligation, to help you determine the best possible methods of giving, depending upon your circumstances.
Our Pharmacy Planned Giving quickly illustrates six ways to make a planned gift.
On December 16, 2010, Congress extended an excellent charitable planning opportunity for both 2010 and 2011. The new law once again allows charitably minded individuals a golden opportunity to make gifts from their IRAs and exclude the amount of their gifts from gross income. Important: January 2011 IRA Gifts can be counted as 2010 Gifts.
- The donor must be 70-1/2 years of age or older;
- The transfers must go directly from the IRA to qualified charities;
- Gifts cannot exceed $100,000 per taxpayer per year;
- Gifts must be outright, not to donor advised funds, charitable remainder trusts, or for charitable gift annuities;
You can create a permanent fund for a specific purpose at the college. Your fund will be invested and managed by the University of Florida Foundation to provide a steady and reliable income stream forever. Endowments may be named to honor you or some other appropriate person. The minimum amount required to create an endowment is $35,000. Here are a few endowment options;
- Named endowed scholarships or fellowships : A privately endowed scholarship or fellowship is awarded on need or merit year after year.
- Named endowed professorships: A permanently funded faculty position requires an endowment of at least $600,000, depending upon the area of expertise.
- Program endowments: You may endow a fund to sponsor teaching, research and programs in one of colleges departments, campuses or centers.