We appreciate your support and generosity, which is why we offer so many ways to give. Please see below to determine which ways work best for you.
The most popular way of giving is through an unrestricted cash contribution. Contributions provide the yearly financial resources necessary to operate a successful athletic program.
Many companies have matching gift programs for contributions by employees. This method is an excellent opportunity to increase your Tyee point totals with no additional cost to you. Check with your company's benefits department for matching gift information and the proper forms to include with your contribution. You may also click here to see if your company is a matching gift company.
GIFTS IN KIND
Please contact the Tyee Office for assistance in making an in-kind gift.
The Tyee Office will work with you to ascertain whether the item could be of use, and to help you with the paperwork involved.
Click here for information on appraisal requirements.
Gifts of real property can be outright, made to a charitable remainder unitrust, or take the form of a "retained life estate" contribution. The Athletic Department gives consideration to accepting all forms of real property, including residential, commercial and industrial properties, undeveloped land and ownership interests in these kinds of properties, e.g. limited partnerships. The University of Washington has an established track record in evaluating and accepting a variety of income-producing properties, including apartment, retail and office buildings (or interests in each kind of property).
In the case of an outright gift, the University generally sells the property so the proceeds from the sale support the program or fund of the donor's choice. If a gift of real property is made to a charitable remainder unitrust - specifically a flip unitrust - the property is sold and the proceeds are reinvested in a portfolio of securities to produce income for the donor's lifetime or for a specified period of time. With a retained life estate in a personal residence, vacation home or farm, a donor contributes a remainder interest in the property to the University but retains a life estate. Under such a gift arrangement, a donor is able to continue living in or using the property for life.
Contributing appreciated real property to the University of Washington presents significant tax benefits for the donor. If the property is donated outright, the donor can typically deduct the full fair market value of the gift up to 30 percent (30%) of his/her adjusted gross income in the year of the gift, with a five-year additional "carry-forward" for any unused deduction. With a unitrust or retained life estate gift, the tax deduction equals the remainder value of the property, which is less than the fair market value.
For more information, click here.
Donors who give stocks, bonds or other appreciated assets take full advantage of the tax system by receiving an income tax reduction and avoiding capital gains tax. The University will work with a donor, or the donor's representative, to transfer the assets that will then be sold with proceeds directed to a fund chosen by the donor.
Donors interested in supporting the future of Husky Athletics have the ability to make life income or planned gifts. Gift annuities, charitable trusts and bequests are just a few vehicles available. The University welcomes the opportunity to work with you.