An outright contribution may be directed to any educational purpose at the University. It may be made in separate payments or all at once. Gifts which will total $25,000 may establish an endowment - a permanent fund dedicated to a specific purpose such as scholarships or awards, to promote research or support our libraries, to underwrite lectures or cultural activities, or provide for a particular department or program.
A donor may wish to contribute $50,000 to establish an endowed scholarship in her name or in the name of a loved one. The total amount may be given at one time or an initial gift of $25,000 would allow the fund to be established. The following year, the donor could make the remaining gift, also using cash or, perhaps, appreciated stock
. In both instances, the donor will receive a charitable tax deduction and for the gift of stock, she will avoid capital gain tax in the value of the appreciation.