Following is a sampling of some of the most common questions about giving to Thomas More University. Please contact the staff at the Office of Institutional Advancement at 859-344-3344 or firstname.lastname@example.org for additional information.
What is the most popular way to give to the University?
Besides a monetary gift, the most common gifts are readily marketable properties such as securities, stocks and real estate or other property.
Can my gift to Thomas More be used for a specific program or project?
Yes, these are considered restricted gifts, ones used by the University as directed by the donor. An unrestricted gift allows Thomas More to use your contribution where it is most needed.
How is a gift to The Fund for Thomas More University used?
Gifts to The Fund for Thomas More University are used for the current-year operating budget and are fully expended during the fiscal year in which the gifts are received. On the other hand, designated gifts are earmarked for a specific purpose, such as an endowed scholarship, programs or building projects.
Are there tax benefits for giving to Thomas More University?
Because Thomas More University is a non-profit (501c3) institution, contributions are tax deductible. The staff in the Office of Institutional Advancement will work closely with you and your advisors to assure you receive the maximum tax benefits and make the most of your generosity to the University.
What is a charitable gift annuity?
A charitable gift annuity is when you transfer cash or other assets to Thomas More University, and in return, the University promises to pay you or a designee an annuity for life, or for a term of years. With a gift annuity, you can simultaneously make a charitable gift and provide guaranteed payments for life for one or two persons.
What are Thomas More’s current funding priorities?
- The Fund for Thomas More University – offsets annual operating expenses and provides scholarships for deserving students;
- Endowments – includes scholarships, faculty development, professorships, and department chairs
If you or your advisors have any additional questions about giving to Thomas More University contact the staff at the Office of Institutional Advancement at 859-344-3344 or e-mail us at email@example.com.