Faulkner University seeks unrestricted gifts to the University or to a specific school within the University. We also seek restricted gifts to endowment funds and building projects.
Unrestricted gifts support many academic needs. These change from year to year as the University and its schools change and opportunities emerge. These needs are basic to the operation of an institution of higher education and include scholarships, faculty enrichment, program development, library acquisitions, administrative expenses, new equipment and improvements in facilities and grounds.
WILL MY COMPANY MATCH MY GIFT?
Many companies encourage their employees to contribute to educational institutions by matching their gifts. If your company has a matching gift program, help us take advantage of this opportunity by obtaining the form needed from your company's personnel office. Please complete the form and send it to us with your gift.
HOW DO I MAKE MY GIFT?
There are many ways to make gifts that yield immediate benefits to the students at Faulkner University.
Cash: the most popular choice
Cash, usually in the form of a check, is most common for charitable gifts. For convenience, gifts may be made via credit card or electronic bank transfer.
Tax benefits are available for gifts of cash if you itemize your deductions. Cash and other property you donate for qualified charitable purposes is not generally subject to federal income tax. This can result in welcome savings at tax time.
Your tax savings depends on your tax bracket. The higher your tax bracket, the more you will save.
Gifts of cash sent by December 31 of each year are deductible on your federal tax return for that year. You generally may deduct an amount up to 50 percent of your adjusted gross income. If your gifts exceed that amount, you may carry over the excess deduction for as many as the next five tax years.
Giving property other than cash
What if the amount you wish to give will exceed the amount you feel you can give from your cash resources? In that situation, you may want to consider making gifts using other forms of property. Stocks, bonds, mutual funds, real estate, and many other properties can make excellent charitable gifts. A gift of such an asset may allow you to give with little or no effect on your current spendable income.
Want greater tax incentives?
Another reason to make your gift in the form of non-cash property is to enjoy the dual tax incentives Congress has provided for this type of gift.
When you give property that you have owned longer than a year and that has increased its value since you acquired it, you are usually entitled to an income tax deduction for the full current value of the asset, not just your cost basis. You also bypass any capital gains tax that would have been due if you had sold the property.
You are allowed to deduct gifts of appreciated assets each year in an amount up to 30 percent of your adjusted gross income. You can carry over any excess deduction into as many as the next five tax years.
Gifts to Faulkner University should be made payable to Faulkner University and sent to
Faulkner University Development Office
5345 Atlanta Highway
Montgomery, AL 36109
Or call: (800) 879-9816, extension 7553.
Donations can also be made online using our secure credit card transaction method.
Contact University Advancement for instructions regarding transferring shares of stock to Faulkner University.
Faulkner University is recognized as a nonprofit organization under section 501 (c) 3 of the Internal Revenue Code and is fully qualified to receive tax-deductible charitable contributions. Gifts for the use of the university are generally tax-deductible. Gifts designated for a specific student may not be tax-deductible.
WHO DO I CALL IF I HAVE A QUESTION?
Office for Advancement: (800) 879-9816, extension 7553 or (334) 386-7553.
CAN I SPECIFY WHERE MY GIFT WILL BE SPENT?
Yes. If you would like to restrict your gift to a specific purpose, you can simply make a note of it on the check or include a short note with your gift or pledge payment.
Some corporations limit matching program funds if gifts are restricted. Please check with your company for any matching gift conditions before assigning restrictions to your gifts to Faulkner University.
WHY IS ALUMNI PARTICIPATION IMPORTANT?
Alumni participation is used as an indicator of alumni satisfaction by some college guidebooks and foundations. Alumni who participate at any level are helping Faulkner's standing for student recruitment and fundraising.
Each year Faulkner is rated by such organizations as Peterson's and U.S. News and World Report. Alumni giving percentages are noted and factored into the ranking process.
Perhaps the most critical reason for a high participation rate among alumni is that major foundations consider heavily the willingness of alumni to support a university as a primary factor in grant making. These foundations state that they seek to help those institutions which are helping themselves through the support of grateful alumni, parents and friends