Ways to Give

• • Giving to an existing current use/term fund pools your support with other gifts designated for the same purpose, allowing for an even greater impact. A gift to an existing fund can be any size you wish and does not need to meet a minimum funding amount.

Gifts to existing current use/term funds are available for use as soon as the gift is processed.

• • When you create a new current use/term fund, you may name it and determine what type of support the funding will provide – student, faculty, program, research, or discretionary (remember, the less restrictive a gift is, the more potential it has to impact the College broadly). To create a new current use/term fund, minimum gift thresholds must be met. Those minimums are determined based on what type of fund you wish to create. The University will partner with you to craft a gift agreement that outlines the fund name, gift amount, and gift purpose. Funding for newly created funds is expected to be fulfilled in 3-5 years.

    Gifts to newly created funds are available for use as soon as the first year of funding is received.

Giving to an existing endowment pools your support with other gifts designated for the same purpose, allowing for an even greater impact. By growing the principal of an existing endowment, you will help to increase the quarterly distributions disbursed to the fund’s benefiting department. A gift to an existing fund can be any size you wish and does not need to meet a minimum funding amount.

Gifts to existing endowed funds are invested on the first quarterly investment date after the gift is received and factored into the next quarter’s distribution to the benefitting department. Investment Dates are July 1, Oct 1, Jan 1, April 1.

When you create a new endowed fund, you may name it and determine what type of support the funding will provide – student, faculty, program, research, or discretionary (remember, the less restrictive a gift is, the more potential it has to impact the College broadly). To create a new endowed fund, minimum gift thresholds must be met. Those minimums are determined based on what type of fund you wish to create. The University will partner with you to craft a gift agreement that outlines the fund name, gift amount, and gift purpose. Funding for newly created funds is expected to be fulfilled in 3-5 years.

Endowed funds are invested on the first quarterly investment date after the minimum gift amount is received. Investment dates are July 1, Oct 1, Jan 1, April 1. Distributions to the benefiting department happen 3 quarters (9 months) after the initial investment date.

If you have built a sizable estate and are looking for ways to receive reliable payments, consider a charitable remainder trust. This type of trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create. At the end of the trust term, the balance in the trust goes to the College of Arts & Sciences for your intended gift purpose.

If you want to make an impact now at the College of Arts & Sciences and provide for your family later, consider setting up a charitable lead trust. You transfer cash or other assets to a trust that makes payments to the University of Washington for a period of time. When the term is up, the remaining trust passes to your family or other beneficiaries you select.

You can support the College of Arts & Sciences through your IRA. Your gift will be put to use today, allowing you to see the difference your donation is making. You will pay no income taxes on the gift and because the gift does not count as income, it can reduce your annual income level.

A beneficiary designation provides increased flexibility for you and your plans. The College of Arts & Sciences can be added as a beneficiary to a variety of policies, including retirement plans, life insurance, donor advised funds, commercial annuities, and bank accounts. 

Retirement plan assets are a great way to support the College of Arts & Sciences while providing tax relief for your loved ones. As a nonprofit organization, we are tax-exempt and will receive the full amount of what you designate.

A charitable gift annuity allows you to support the College of Arts & Sciences and feel confident that you have dependable income in your retirement years. With a charitable gift annuity, you agree to make a gift to the College and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life. The balance is used to support our work.

When the original purpose for a life insurance policy no longer applies—such as educating children now grown or providing financial security for a spouse—your policy can become a meaningful way to support the College of Arts & Sciences.

Giving to the College of Arts & Sciences in your will still provides you with the flexibility to change your plans in the event that your life circumstances change. This type of donation to the College in your will or living trust helps ensure that we continue our mission for years to come.

Gifts of real estate, such as a personal residence, vacation home, farm, commercial property or undeveloped land, help us continue our work for years to come. When you give the College of Arts & Sciences appreciated property you have held for longer than one year, you also qualify for a federal income tax charitable deduction and you may minimize or eliminate capital gains tax. 

Appreciated securities in electronic or certificate form may be easily donated to the College of Arts & Sciences.

One of the easiest and most common ways for you to support the College of Arts & Sciences is with a cash gift. Cash can support outright gifts, endowed funds, tribute gifts, and more.

Gifts-in-kind are gifts of tangible personal property such as equipment, materials, company products, or inventory. While in-kind donations are often received from businesses and corporations, individual donors also contribute many types of in-kind gifts.

Donor advised fund (or DAF) giving has become more popular for individuals and families that want to benefit multiple charities throughout the year and for extended periods of time. In addition to offering ease of administration, a donor advised fund offers the opportunity to create a low-cost, flexible way to diversify your philanthropy without the expense of creating a private foundation.

To execute a wire transfer, please chat with a fundraiser in the College of Arts and Sciences. They will connect you to the correct form.