Types of Gifts
By giving to Southern Utah University, you have tremendous flexibility in determining how your gift will be used, as well as how the gift is made.
You may choose to restrict your gift to the designation (priority, project or program) of your choice. Or you may choose to give an unrestricted gift, which are among the most valuable to SUU because they allow the University to allocate funds wherever the need is greatest. As you consider making a gift to Southern Utah University, keep in mind that a gift may…
- be undesignated and applied where the need is greatest.
- be designated to a specific department or program.
- be matched by a donor's employer.
- be a current, outright gift of cash, securities, or personal property.
- be pledged over a period of up to five years.
- be a deferred gift in the form of a trust, insurance, a will, a life estate, or even the remainder of retirement benefits.
- be made as a memorial.
- be used to set up a permanent endowment in the name of the donor or someone else.
- reduce the donor's tax liability.
In addition to the traditional gift of cash, there are other ways to make a contribution to SUU. These methods can provide significant tax savings beyond the normal charitable gift deduction. Consult with your accountant, attorney, banker, investment adviser, or University staff for specific information.
Gifts of Cash
Making a gift of cash is one of the simplest ways a person can support Southern Utah University. Unrestricted gifts provide the University with a pool of resources that can be distributed to support projects, programs and high-priority needs.
A gift of appreciated stocks or bonds, which have been owned for more than one year, entitles a donor to a full tax deduction for the market value of the securities. Capital gains taxes are avoided, thus allowing the donor to make a substantial gift to the University with minimal out-of-pocket expense.
A gift of real estate entitles a donor to the same tax benefits as a gift of securities, provided the property has been owned for more than a year.
Alumni and friends often are able to make a longer investment in the future of SUU than they thought possible through a deferred gift. Some deferred gifts will provide current income to the donor and a current tax deduction when the gift is established.
There are several ways to make a deferred gift:
- Wills, bequests and trusts
- Residual interest in a home or other property
- Beneficiary assignment of an insurance policy
- Charitable remainder or lead trusts
- Charitable gift annuities
By supporting the college, department, or program of one's choice, the donor is providing funds for the dean and faculty to use as needed.
Numerous opportunities are available for people who are interested in honoring or memorializing loved ones.
Planned gifts may be arranged through wills, trusts, life insurance, annuities, or the Foundation's pooled income fund.
A donor might consider a gift-in-kind to the University, or a contribution other than cash, stocks, and bonds, provided the gift is applicable to the mission of the University.