How to Make a Gift

Gifts to support the work of the College of Humanities can be made either to The University of Arizona Foundation or to The University of Arizona. To discuss the possibilities listed below, please contact Michele Murphy, Associate Director of Development for the College of Humanities, at (520) 621-4952 or e-mail mbmurphy@email.arizona.edu.

Gifts of Cash

Gifts of cash are quite common and very easy to make. Checks should be made payable to The University of Arizona Foundation or The University of Arizona with a note in the memo section specifying your intent to support the College of Humanities or a specific program, endowment or activity within the College. Call Amanda Pitts at (520) 621-4743 for instructions on how to make out the check, or how to pay by credit card.

Gifts of Securities

Gifts of appreciated securities, such as stocks, bonds, or mutual funds, can provide special tax advantages. These include a charitable deduction for the full fair market value of the gift and avoidance of capital gains taxes. Gifts can be made directly to The University of Arizona Foundation or to The University of Arizona by your broker. For more information, please call Michele Murphy at (520) 621-4952.

Gifts of Real Estate

Gifts of homes, ranches, and other real property can provide the same tax advantages as gifts of appreciated securities. A debt-free property that has significantly increased in value may be transferred to The University of Arizona Foundation with the donor receiving a charitable deduction for the appraised value while avoiding capital gain taxes on the property's appreciation.

Commemorative and Tribute Gifts

Any gift may be designated in memory or honor of a friend or loved one. The family of the deceased, or person honored, will be notified of such gifts by the College and the department or program involved.

Gifts-in-Kind

Another way to support the College of Humanities is through gifts of tangible personal property. When a gift relates to the "charitable purpose" of the College the donor may be eligible for a deduction equal to the full fair market value.

Corporate Matching Gifts

Gifts of cash are quite common and very easy to make. Checks should be made payable to The University of Arizona Foundation or The University of Arizona with a note in the memo section specifying your intent to support the College of Humanities or a specific program, endowment or activity within the College. Credit card gifts can also be made.  Please call Michele Murphy at (520) 621-4952 for information.

Planned or Deferred Gifts

Although outright gifts provide immediate resources for current programs, deferred gifts build the College of Humanities for the future. Giving through estate plans or life income gifts is particularly desirable for those who would like to support the College with a significant gift that may not be possible during their lifetime.

Bequests by Will or Living Trust

The most common form of deferred or planned gift is a charitable bequest, made as a gift in your will. A will or living trust should be prepared with an attorney.

Life Income Gifts

Numerous tax and financial benefits may be realized with a "life income gift," such as a charitable gift annuity or charitable remainder trust. The donor makes an irrevocable gift of cash, securities or property and receives income for either life or a specified term of (1 to 20) years. When the term is completed, remaining funds go to support the College.

Charitable Lead Trusts

This type of charitable trust pays the College a fixed amount or percentage of an asset for a term of years. Thereafter, the assets are transferred to loved ones and applicable estate, gift and generation skipping taxes on the trust assets may be significantly reduced.

Gifts of Life Insurance

You may want to consider naming The University of Arizona Foundation/College of Humanities as the beneficiary of a life insurance policy. If the Foundation is named both the sole owner and irrevocable beneficiary, the contributor is eligible to receive an immediate charitable deduction for the policy's net cash value or the net premiums paid, whichever is less. Additional premiums paid may also be tax deductible.

Retirement Plan Gifts

Designation of The University of Arizona Foundation/College of Humanities as the primary or contingent (after a spouse) beneficiary of retirement plan assets can offer significant tax benefits since retirement accounts may be exposed to both estate and income taxes.

Retained Life Estate

You may generate a current income tax deduction by giving a home or ranch to the College of Humanities , while retaining the right to occupy, rent or otherwise use the property during your lifetime. The property will not be included in your taxable estate.

Deductibility

The University of Arizona Foundation is a "qualified charitable organization" and meets the standards and requirements of Internal Revenue Code Section 501(c)(3). Under this provision, all contributions are deductible for federal income tax purposes (subject to statutory limitations) and for federal estate and gift tax purposes. Gifts made directly to The University of Arizona are similarly tax-deductible.