The University of Arizona

College of Agriculture and Life Sciences

Ways of Giving

Outright Gifts

Any gift to the College 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.

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," with a note in the memo section specifying your intent to support the School of Natural Resources and the Environment. You may also designate that your gift supports a specific program, endowment or activity within the School. Or, donate here online.

Gifts in Kind

Another way to support the School of Natural Resources and the Environment is through gifts of tangible personal property. When a gift relates to the "charitable purpose" of the School, which is usually very broad, the donor may be eligible for a deduction equal to the full fair market value. Recent gifts-in-kind include livestock, machinery, automobiles, furnishings and computer equipment.

Gifts of Real Estate/Personal Property

Gifts of homes, ranches, and other real property can provide the same tax advantages as gifts of appreciated securities. If your property has significantly increased in value, its sale may be subject to capital gains tax on the appreciation.

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.

You or your broker may contact the Foundation's business affairs office by calling (520) 621-2993 for transfer instructions and brokerage account information.

Corporate Matching Gifts

You may be able to multiply the value of your gift by participating in a matching gift program provided through an employer or board membership. Your employer's personnel office can provide you with information and forms to take advantage for this unique leveraging opportunity.

Planned or Deferred Gifts

Although outright gifts provide crucial resources for current programs, deferred gifts build the School of Natural Resources and the Environment for the future.

Giving through estate plans or life income gifts is particularly desirable for those who would like to support the School of Natural Resources and the Environment with a significant gift that may not be possible during their lifetime.

Bequests by Will or Living Trust

The search for significance and desire to plan for the future leads many to ponder their legacy. What kind of legacy will you leave? A bequest is perhaps the easiest and most tangible way to have a lasting impact on the people and organizations that mean the most to you. A bequest to the School may also be an effective way to make a gift to charity and lessen the burden of taxes on your family and estate.

A will or living trust is a very personal matter and should be prepared with an attorney. The following language is an example of how a bequest may be worded: "I give, devise and bequeath to The University of Arizona Foundation, an Arizona nonprofit corporation, located in Tucson, Arizona, ______ percent of my estate (or $______ or other personal or real property appropriately described) for the benefit of the School of Natural Resources and the Environment to be used for (specified use or unrestricted).

Endowments

Endowments serve as self-renewing sources of funding that support the college's long-term strategies. Because it is the interest income, and not the principal itself, that serves as a source of available funds, the gift of an endowment represents a perpetual legacy. To learn more about endowments, visit http://ag.arizona.edu/alumni/GiftsPage/endowment.html.

Life Income Gifts

A life income gift may enable you to provide financial security now for yourself, your family or friends along with reduced income taxes and possible estate tax benefits and, at the same time, provide future support to the School.

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 him or herself (may include another beneficiary, such as a spouse) for either life or a specified term of (1 to 20) years. After their lifetime or completion of term of years, the remainder goes to support the School of Natural Resources and the Environment.

Retirement Plan Gifts

Retirement plan assets are among the best assets to use for charitable gifts because if these assets were left to your heirs, they could be taxed at 50% or 60% leaving less than one-half the dollar amount to your heirs.

Designation of The University of Arizona Foundation as the primary or contingent (after a spouse) beneficiary of retirement plan assets (e.g., IRA, SEP, 401(k), profit sharing plan) can offer significant tax benefits. In addition, your estate benefits from a charitable deduction on the full amount given to charity.

The process of naming SNRE as beneficiary is simple with no legal counsel needed. Simply designate The University of Arizona Foundation/School of Natural Resources and the Environment as beneficiary on your plan's "Beneficiary Designation" form.

Charitable Remainder Trust

Name the University of Arizona Foundation/School of Natural Resources and the Environment as a recipient of a trust you establish. The trust makes periodic payments to you and/or your beneficiaries. When the trust terminates, the remaining property becomes a University of Arizona Foundation asset.

Charitable Lead Trust

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.

Retained Life Estate

You may generate a current income tax deduction by giving a home or ranch to the School of Natural Resources and the Environment, 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.

Life Insurance

You may want to consider naming the UA Arizona Foundation/School of Natural Resources and the Environment 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.

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 of cash (or your election to deduct only the cost basis of an appreciated asset) may be deducted up to 50 percent of adjusted gross income (AGI) in a year. Gifts of appreciated real or personal property may be deducted up to 30 percent AGI. Excess deductions may be carried over for up to five (5) additional years.