Thank you for considering a gift to the University of Maryland School of Public Health. In order to reach our full potential, we need you. Your donation will allow the School to attract and retain the brightest students and to conduct cutting edge research in facilities that encourage innovation.
The School’s continuing rapid progress and success will depend on individual and organizational donors committed to providing crucial funding beyond that supplied by public sources. Each gift to the School makes a difference and the combined generosity of our donors allows us to continue to meet our goals. The School is grateful to all our alumni, donors and friends for the many ways they contribute to our success today and in the future. Your generous gifts help to ensure that our School’s students, faculty and leadership continue to challenge themselves in reaching for their highest goals.
Ways to Give
Gifts to the School of Public Health can be made in a variety of ways. There are many types of assets that can be donated, multi-year payment schedules, and tax benefiting structures for major gifts.
What type of assets can you give?
Providing funds in the form of a check, money order or credit card to SPH is a quick and easy way to help students, faculty and programs. Many people provide unrestricted support to the Dean’s Fund or to their Department to meet day-to-day needs as well as funds designated to support specific purposes.
Gifts of non-cash assets are increasingly popular since they do not affect cash flow. Many times people inherit assets and use non-cash donations to reduce their tax burden. The University of Maryland is able to efficiently and quickly process non-cash gifts and they can provide long-term financial planning benefits while providing the College a long long-term revenue source.
Common non-cash assets are:
- Securities and Stocks: Stocks are a convenient non-cash gift. The transactions can be handled by you directly or by a financial representative. Donating securities and stocks have multiple benefits that vary with each individual's portfolio.
- Land, real estate and personal property: Gifts of property can result in important tax savings. When you make gifts of property, certain value appraisals are required. These transactions will be handled by you in conjunction with your legal representative. University of Maryland staff members can assist you with these arrangements, clarifying the options and honoring the intentions with your gift.
Current Use vs. Endowments
Current use accounts are set up for gifts that will be spent upon their arrival. An example of this is a Scholarship Fund designed to provide immediate support. These Funds are provided to students with urgent need immediately or can be dispersed prior to the beginning of a semester twice a year by the Scholarships/Fellowships committee who disperses whatever funds are available in the account, an accumulation of the past six month’s donations. Cash in by donors, cash out to students. Replenishing these funds is critical as support is only provided as it is available and varies year to year.
Endowments are bound by legal parameters that are governed by the University of Maryland College Park Foundation. Many donors have chosen to form endowments because it allows their generous gifts to grow over time. Imagine knowing that long after you are gone, the legacy of your generosity is still providing scholarships for students at the University of Maryland.
Endowment gifts are placed in a University of Maryland College Park Foundation account dedicated to the individual donor’s scholarship or Endowed Professorship (or other project based on the donor’s intent) and invested. The percentage of return varies from year to year reflecting the flux of the investment performance.
Estate or Planned Gifts
Many people develop a personal philanthropic dream over the course their lifetime. By setting up an estate gift, donors can provide for a major charitable donation that may have been impossible during their lives. Knowing that your life’s work will result in a significant positive impact on your alma mater instills tremendous pride in many of the members of the University’s Founders Society.
The Founders Society honors all benefactors, living and deceased, whose gifts through will, trust, or through other planned gifts—such as a charitable gift annuity, charitable remainder trust, charitable lead trust, life estate, etc.—help to ensure the future excellence and impact of the University of Maryland and its students.
Estate gifts to the College can be structured to provide income streams immediately. Bequests, charitable gift annuities, charitable lead trusts, charitable remainder trusts and pooled income funds are all types of planned gifts. You may also name the College as a beneficiary of an IRA, 401k or insurance policy. The University of Maryland has resources in its Office of Planned Giving that can work with you and your financial advisor to maximize the benefits to you and the College.
401k or insurance policy. The University of Maryland has resources in its Office of Planned Giving that can work with you and your financial advisor to maximize the benefits to you and the School.
Please contact your financial and tax professional to further discuss which option best suits your needs.