Alumni & Friends
Ways to Give
There are many ways that you can make a difference at the College of Nursing. Below is a comprehensive list of all of the ways that you can help.
How to Make Outright Gifts
Donors can help the College of Nursing meet the challenges of the future through several gift methods. Outright gifts may be designated to certain programs or unrestricted for use where the need or opportunity is the greatest. Certain methods of giving provide tax or estate planning benefits. Contact the Development Office at (405) 271-2428 Ext. 43258 for more information.
Gifts of Cash
The majority of gifts to any area of the College of Nursing are cash. An unrestricted gift to be used for priority needs is of great benefit. Gifts may be designated for any activity, department, or program within the College of Nursing. Checks should be made payable to the OU Foundation, Inc.
OU College of Nursing
Attn: Lindsey Manning
1100 N. Stonewall Avenue
Oklahoma City, OK 73117
Gifts of Securities
Gifts of appreciated securities can provide special tax advantages, including avoiding capital gains and deduction at the current fair market value. The simplest way to make a gift of stock is to contact the Development Office.
Gifts of Real Estate
Gifts of homes, farms, and other real property can receive the same tax treatment as gifts of securities: no capital gains plus deductibility at current fair market value. Usually, the OU Foundation, Inc. will accept gifts of real estate to benefit the College of Nursing if there are no restrictions placed on selling the property.
Gifts of Life Insurance
When the OU Foundation, Inc. is named as the sole owner and beneficiary of a life insurance policy, the contributor is eligible to receive an immediate charitable deduction for the lesser of the policy's fair market value or the net premiums paid. Premiums paid later may also be deductible.
Memorial and Tribute Gifts
Gifts may be directed to the College of Nursing in memory of a loved one or friend. In the instance a gift is received in memoriam, the next of kin is notified by the OU Foundation. To direct a gift in memory of someone, please mail your gift to the OU College of Nursing, c/o Lindsey Manning, 1100 N. Stonewall Avenue, Oklahoma City, OK 73117. If you have additional questions regarding your gift, please call 405-271-2428 ext, 43258.
Gifts-In-Kind
Another way to support the College of Nursing is through gifts of tangible property. The contributor may be eligible for a deduction equal to the full current fair market value.
Corporate Matching Gifts
Contributors are able to increase the value of each gift through an employer’s matching gift program. The value of each contribution may be increased once, twice or even three times. The corporate personnel office usually provides information. Often gifts of retirees and spouses are also eligible to match. The proper form for realizing the match should be enclosed with each gift
How to Make Long-Term Gifts
Although outright gifts provide valuable support for current programs, long-term gifts provide substantial support for future programs. This form of giving is particularly suitable for those who desire to make a larger gift than may be possible outright. The allowable estate tax deduction for charitable gifts remains unlimited under the tax laws.
Life Income
Those desiring to increase their cash flow and perhaps that of a spouse, and at the same time provide a significant gift, should consider establishing a life income arrangement.
The most desirable situation might be to use a non-income producing appreciated asset, such as real property, to fund a trust. The trust may stipulate the contributor or spouse be paid income for a fixed period of time or for life.
Bequests, Trusts, Planned Gifts
Through a planned or deferred gift, donors can designate funds towards the College of Nursing that can reach across generations.
The most frequent form of a long-term gift is a specific bequest in a will. A will is a very personal matter and should be prepared with an attorney. Development staff is available upon request to aid in drafting the appropriate bequest clause.
The following simple language may be used for an outright bequest:
I give, devise, and bequeath to the OU Foundation, Inc., a charitable corporation located in Norman, Oklahoma, _____% of my estate (or $_____or other personal or real property appropriately described) to be used to foster and promote the growth and progress and general welfare of The University of Oklahoma College of Nursing.
Summary
Most importantly, for those interested in furthering the purposes of any area within the College of Nursing, the development staff can help explore methods of gift giving most advantageous to each personal situation.
Tax saving helps minimize the out-of-pocket cost of the gift, and may include a charitable deduction at the current fair market value and/or savings of all or part of the associated capital gains tax. Other benefits may include reduced estate taxes and/or a new source of cash for the contributor and spouse.
Deductibility
Gifts of cash may be deducted up to 50% of adjusted gross income. Gifts of appreciated real or personal property may be deducted up to 30% of adjusted gross income. Excess deductions may be carried over for up to five (5) additional years.
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