Make a Gift

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 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 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.

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.

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.

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.

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.

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.

A life income gift enables a donor to make a significant gift to the college while retaining the income from the gift during their lifetime.

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.

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.