Types of Gifts
Cash
The simplest gift you can make is an outright gift of cash that can be put to use immediately. This tax-deductible donation may come in the form of cash, check or credit card charge.
Pledged Gifts
Donors often find that by pledging their gift over a set period of time, they are able to make a more substantial contribution designated for their particular area of interest. Donors may tailor their pledge payments to adjust the timing and amount of each payment to achieve the most beneficial tax treatment.
Gifts-in-Kind
Through gifts-in-kind, a donor can help UH School of Theatre and Dance strengthen its programs and improve its facilities so that we can continue to offer the best possible educational experience to our students. An in-kind contribution is a tangible item or product, which once donated, can be used by the School. Examples of in-kind gifts include vintage or period clothing and accessories, office furniture, computers, power tools, or even food!
Bequests
A charitable bequest affords a way for an individual to express specific philanthropic wishes upon the donor’s death. Through a bequest, you can reduce federal estate taxes and applicable state inheritance taxes, while also leaving a lasting legacy to the UH School of Theatre and Dance. Donors may choose to name UH School of Theatre and Dance as the beneficiary of their will or living trust. At the time of this designation, your financial advisor can prepare a letter stating your intent, which will then be sent to us.
Retirement Assets
Retirement plans are often the largest asset in the portfolio of most families but when Individual Retirement Accounts (IRAs) and other plans are left to heirs through an estate, they are subject to multiple layers of taxation which reduces the benefits to designated family members. This can be overcome by designating either a portion of, or all of, the funds in a qualified plan as the estate assets to use for a charitable bequest.
Matching Gifts
Corporate matching gifts provide a unique way to increase a donor’s gift, sometimes doubling or even tripling the original contribution. As a benefit to its employees, some companies “match” charitable donations to certain types of organizations, such as higher education. To determine if you or your spouse works for a company that provides matching gifts, check with your human resources department.
