Development

The University of Oklahoma College of Pharmacy continues to expand contemporary education, research, and service in pharmacy. With the help of alumni and friends, the College of Pharmacy can continue to extend the results of these efforts to everyone by giving our graduates the best possible education. This can only happen if we have the additional resources necessary to:


The College of Pharmacy offers the advantages of a major, comprehensive, health sciences campus with outstanding facilities and diverse academic, professional, and recreational activities. At the same time, students receive individual recognition and personal development under the direct instruction of an exceptional and dedicated faculty.

The OU College of Pharmacy belongs to and serves the people of Oklahoma and beyond. Your gift can make a difference. If you would like to make a gift to The University of Oklahoma College of Pharmacy, please contact

Rex Urice
Director of Development
College of Pharmacy
Phone: (405) 271-6484 ext. 47274
Email: Rex-Urice@ouhsc.edu

How to make outright gifts

Donors can help the College of Pharmacy meet the challenges of the future through several gift methods. Outright gifts may be designated to certain programs or unrestricted for use where the need or opportunity is the greatest. Certain methods of giving provide tax or estate planning benefits. Contact the staff at the OU Health Science Center Alumni and Development Office (405) 271-2300 who are available to share expertise in these areas with donors and their attorneys and tax advisers.

Gifts of Cash

The majority of gifts to any area of the College of Pharmacy are cash. An unrestricted gift to be used for priority needs is of great benefit. Gifts may be designated for any activity, department, or program within the College of Pharmacy. Checks should be made payable to the OU Foundation, Inc. Online donations can be made here.

Gifts of Securities

Gifts of appreciated securities can provide special tax advantages, including avoiding capital gains and deduction at the current fair market value. The simplest way to make a gift of stock is to contact the development staff who will work with your personal counsel.

Gifts of Real Estate

Gifts of homes, farms, and other real property can receive the same tax treatment as gifts of securities: no capital gains plus deductibility at current fair market value. Usually, the OU Foundation, Inc. will accept gifts of real estate to benefit the College of Pharmacy if there are no restrictions placed on selling the property.

Gifts of Life Insurance

When the OU Foundation, Inc. is named as the sole owner and beneficiary of a life insurance policy, the contributor is eligible to receive an immediate charitable deduction for the lesser of the policy's fair market value or the net premiums paid. Premiums paid later may also be deductible.

Memorial and Tribute Gifts

Any gift may be designated in memory or honor of a relative or friend. The family of the individual will be notified of such thoughtfulness.

Gifts-In-Kind

Another way to support the College of Pharmacy is through gifts of tangible property. The contributor may be eligible for a deduction equal to the full current fair market value.

Corporate Matching Gifts

Contributors are able to increase the value of each gift through an employer's matching gift program. The value of each contribution may be increased once, twice or even three times. The corporate personnel office usually provides information. Often gifts of retirees and spouses are also eligible for match. The proper form for realizing the match should be enclosed with each gift.

How to make long-term gifts

Although outright gifts provide valuable support for current programs, long-term gifts provide substantial support for future programs. This form of giving is particularly suitable for those who desire to make a larger gift than may be possible outright. The allowable estate tax deduction for charitable gifts remains unlimited under the tax laws.

Life Income

Those desiring to increase their cash flow and perhaps that of a spouse, and at the same time provide a significant gift, should consider establishing a life income arrangement.

The most desirable situation might be to use a non-income producing appreciated asset, such as real property, to fund a trust. The trust may stipulate the contributor or spouse be paid income for a fixed period of time or for life.

Wills

The most frequent form of a long-term gift is a specific bequest in a will. A will is a very personal matter and should be prepared with an attorney. Development staff are available upon request to aid in drafting the appropriate bequest clause.

The following simple language may be used for an outright bequest:

I give, devise, and bequeath to the OU Foundation, Inc., a charitable corporation located in Norman, Oklahoma, _____% of my estate (or $_____or other personal or real property appropriately described) to be used to foster and promote the growth and progress and general welfare of The University of Oklahoma College of Pharmacy.

Deductibility

Gifts of cash may be deducted up to 50% of adjusted gross income. Gifts of appreciated real or personal property may be deducted up to 30% of adjusted gross income. Excess deductions may be carried over for up to five (5) additional years.

Additional Information

To make an outright gift of cash, make the check payable to the OU Foundation, Inc. Specify on the memo line of the check The University of Oklahoma College of Pharmacy. Mail checks to the:

OU Pharmacy Alumni and Development Office
The University of Oklahoma Health Sciences Center
Post Office Box 26901
Oklahoma City, Oklahoma 73126-0901

Summary

Most importantly, for those interested in furthering the purposes of any area within the College of Pharmacy, the development staff can help explore methods of gift giving most advantageous to each personal situation.

Tax saving helps minimize the out-of-pocket cost of the gift, and may include a charitable deduction at the current fair market value and/or savings of all or part of the associated capital gains tax. Other benefits may include reduced estate taxes and/or a new source of cash for the contributor and spouse.