For SIU to continue to fulfill its mission of excellence in teaching, research and service, the university relies on private support from individuals and organizations sharing its commitment to students.
The SIU Foundation offers a number of ways to maximize your gift.
Real and Personal Property
Gifts of real or personal property, also known as gifts-in-kind, can enhance the mission of the university.
Gifts-in-kind may include a personal residence, farm equipment, artwork, rare books and other property that has a determinable value. The Internal Revenue Service has established rules for valuing these gifts, and the foundation reviews them prior to acceptance.
Each year, annual gifts contributed by alumni and friends of the university help provide scholarships to students, in addition to funding for research efforts, equipment and other needs.
The annual giving campaign is an excellent opportunity for alumni to maintain close contact with their colleges or departments.
Your annual support plays an essential role in ensuring SIU students and faculty have the best resources available to pursue their academic endeavors. Any kind of private support is crucial and will have a positive impact on the university.
An endowment is a great way to ensure your gift has a noticeable, lasting effect on those it benefits.
Contributions can be made in the form of cash, securities, life insurance or real estate. An endowment also can be established through a will or charitable trust.
Each donor has the option of endowing a chair, professorship, visiting lecturer, faculty fellowship, graduate fellowship, scholarship or facility. The minimum amount necessary to create an endowment is $25,000 (payable over a period of up to five years).
An IRA charitable rollover is an effective way to help SIU advance its mission.
Plus, the financial benefits to each donor are significant. You can:
- Avoid taxes on transfers of up to $100,000 from an IRA to the foundation.
- Satisfy the required minimum distribution for the year.
- Reduce taxable income, even without itemizing deductions.
- Make a gift that is not subject to the 50 percent deduction limits on charitable gifts.
Contact your IRA plan administrator, and the funds can be directly transferred to the foundation.
Gifts from corporations and foundations can play a significant role when it comes to serving students. Whether you are part of a large global company or a local business, a partnership with SIU can be mutually beneficial.
Becoming involved with the university in this fashion can assist in the recruitment of SIU’s top students, and in internships, research opportunities and exposure during campus events.
All of this information, and the necessary forms, can be found here.
For more information, call 618-453-4900.