- Is my gift tax deductible?
- What is PLU's Tax Identification Number?
- What does "unrestricted giving" mean?
- Why is giving important; will my small gift really make a difference?
- What is PLU's fiscal year, and how might that affect my giving?
- Can I give anonymously?
- How is the Endowment at PLU doing?
- What's the IRS Disclosure Statement for PLU?
- What is the Electronic Funds Transfer program (EFT)?
- How do I change/update my records?
- How does PLU protect my personal information? Do they sell or rent it to any third parties?
- What is the PLU Annual Fund?
- How are my PLU Annual Fund contributions used?
- Who participates?
- Is there a minimum contribution amount?
- How do I become a member of the PLU Annual Fund Leadership Giving Society?
- What is Lute Club?
- How are my Lute Club contributions used?
- Is there a minimum contribution?
- How do I become a member?
- If I want to give a gift to a specific team will that still count toward my Lute Club membership?
- What is an endowment fund?
- How are endowment funds invested?
- How much does it cost to establish a named endowment?
- What can an endowment support? Is it just scholarships?
- Can I contribute to an endowment without starting one myself?
Is my gift tax deductible?
Yes! The IRS encourages support of charitable organizations by allowing an income tax charitable deduction to those who itemize their taxes. Here's how it works:
- Charitable gifts of cash may be deducted up to a maximum of 50 percent of your adjusted gross income.
- There is a five-year carry over of unused deduction amounts, enabling you to spread the deduction over as many as six years.
- There are other rules governing charitable deductions for other types of gifts.
It is worth a call to the Office of Development to discuss the tax impact of various gift strategies. We encourage all donors to seek the advice of legal financial counsel.
What is PLU's Tax Identification Number?
What does "unrestricted giving" mean?
Why is giving important; will my small gift really make a difference?
PLU is rated by organizations such as U.S. News & World Report each year, and strong alumni support factors into the overall ranking of PLU. Additionally, when major philanthropic organizations are considering PLU for a grant, the alumni giving percentage is valued highly in the selection process as it indicates the level of satisfaction among our constituents and whether PLU is a sound investment.
What is PLU's fiscal year, and how might that affect my giving?
Can I give anonymously?
Yes! If you wish you may give without being publicly recognized for your gift.This means you will not be listed in areas like th Honor Roll of Donors in Scene magazine, a donor recognition wall or other print or electronic public recognition of your gift.
You will receive a receipt and acknowledgement from the university along with our gratitude for your generosity.
If you are giving online there is a section in the donation form titled "Gift Recognition Information," and the first question includes a drop down box where you may choose the option to remain anonymous for your gift. If you are giving by mail there is a section on our donate by mail form titled "Gift Information" and a subsection called "Optional Gift Instructions" with a check box for anonymous giving.
How is the Endowment at PLU doing?
What's the IRS Disclosure Statement for PLU?
IRS Disclosure Statement: Beginning with the 1994 tax year, the Internal Revenue Service requires non-profit organizations to provide donors with a good faith estimate of the value of any benefits received as a result of their gifts. When a donor calculates a charitable deduction, the value of any related benefits must be subtracted from the amount of the contribution. Benefits valued at 2% of the gift amount or $95 (in 2009), whichever is less, and certain low cost, token items are viewed by the IRS as insubstantial and do not need to be considered when determining the tax deductibility of a contribution. Consult your tax advisor with any specific questions or concerns.
Unless it is stated otherwise on your acknowledgement, no goods or services were provided in consideration of this contribution. If you receive a benefit at a later date as a result of this gift, you will be informed of its fair market value at that time.
What is the Electronic Funds Transfer program (EFT)?
Records & Personal Information
How do I change/update my records?
How does PLU protect my personal information? Do they sell or rent it to any third parties?
The PLU Annual Fund
What is the PLU Annual Fund?
A gift to the PLU Annual Fund is used during the academic year (June 1 - May 31) in which it is received, and used to meet current needs.
How are my PLU Annual Fund contributions used?
Contributions made to the PLU Annual Fund are essential in helping the university address several top priorities. You can choose to designate your gift to student scholarships, academic excellence, campus life or the area of greatest need. The university will allocate your gift to the greatest need within each designation at the time of the donation.
Alumni, parents, friends, faculty and staff of the university, corporations, foundations and congregations.
Is there a minimum contribution amount?
There is not minimum contribution to the PLU Annual Fund. Donors give $5, $10, or $25 to $1,000, $5,000 or $25,000. Participation is an important factor in the university's national ranking and grant funding so the amount you give is not as important as that you give each and every year.
How do I become a member of the PLU Annual Fund Leadership Giving Society?
Membership in Leadership Giving Society is acknowledged by giving level. Donors who contribute $500 or more, or those who have supported PLU for 10 or more cumulative years, are honored at one of six recognition levels. You can find more information on our
PLU Annual Fund page.