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Insight/Report on Private Giving
Opportunities for Private Giving
All charitable contributions to CVMBS programs are tax deductible as allowed by current IRS regulations. The Colorado State University Foundation is a separate 501(c)(3) nonprofit entity that acts as the bank and steward for all charitable contributions directed to Colorado State University. Any gift to the College of Veterinary Medicine and Biomedical Sciences must first go through the foundation. The foundation manages the endowment portfolio of the University and is responsible for distributing endowment interest earnings as directed by donors.
Contributors to the College support such areas as student assistance and scholarships, research, faculty enhancement, capital improvements and memorials. Donors also support the unrestricted fund for discretionary use by the dean of the College. The College distributes these funds to meet the areas of greatest need.
A variety of ways exist for an individual or group to make a tax-deductible charitable contribution, including the following:
Securities: Stock certificates delivered either directly to the foundation with endorsed stock powers through electronic transfer or through an intermediary such as a bank or broker.
Gifts-in-Kind: Whole or partial interest in valuable items such as art, antiques, computers, laboratory equipment, horses, coin collections or jewelry.
Life Insurance: The foundation is named as beneficiary in your life insurance policy, or ownership of a policy is transferred to the foundation.
Charitable Gift Annuity: An annuity contract obligates the foundation to pay you or other designated beneficiaries a fixed sum annually for life. A deferred payment annuity enables payments to begin after a specified number of years.
Charitable Remainder Trust: A gift of a specific amount is placed in a trust managed by the foundation or a specified financial institution. You turn over control of the funds, but still retain a life income from the funds. After you and any other beneficiaries die, the remainder of the funds comes to the foundation. These trusts may take effect while you are alive or may be created by your will.
Charitable Lead Trust: A gift of a specified amount placed in a trust for a specific period. During that time, the foundation received the income from the trust. When the period of the trust ends, the principal is returned to you or a beneficiary. Typically, you are not taxed on the income received by the foundation during the life of the trust.
If you have any questions about making a gift or wish to discuss financial matters concerning your contribution, please contact Paul Maffey, Director of Development, College of Veterinary Medicine and Biomedical Sciences, at (970) 491-3932, or e-mail at firstname.lastname@example.org.