Outright gifts – an outright gift is a donation of cash, securities or personal property. These gifts provide an income tax deduction for the value of the gift and can be made through:

  • Check:  made payable to Auburn University Foundation with the designation of your gift in the memo line. The check should be mailed to: Samuel Ginn College of Engineering, Office of Engineering Development, 1320 Shelby Center, Auburn University, AL 36849
  • Automatic bank draft:  the Automatic Funds Transfer (AFT) method is convenient and easy. Click here to download the bank draft form. Complete and return the form with a voided check from the account you wish debited.
  • Gift of stock or appreciated securities:  common stocks, bonds, mutual funds and other appreciated securities may be donated. Beyond the charitable income tax deduction, these gifts often avoid capital gains tax on the appreciation. Contact us to arrange for this type of gift.
  • Gifts of property:  these gifts include real estate such as a residence, vacation home, farm, ranch, commercial property or land, as well as tangible personal property including artwork, books, equipment, furnishings, automobiles, inventories and other valuables. They can provide the same tax treatment as gifts of securities with no capital gains tax and deductibility at fair market value.
  • Corporate matching gifts:  many corporations participate in matching the gifts of their employees, with some companies doubling or tripling each dollar contributed. Your company’s human resource department can provide details and the matching gift form to include with your gift check. Check here to see if your company has a matching gift program.

Planned and deferred gifts – these gifts are made through a donor's estate and include:

  • Bequest:  a gift which names Auburn as a beneficiary in your will or living trust and provides an estate tax deduction for the value of your bequest
  • Life insurance gift:  a gift of an old or new policy with Auburn named as the beneficiary and owner of the policy. These gifts provide an immediate income tax deduction for the gift’s value, plus possible estate tax savings.
  • Retirement plan gift:  made by naming Auburn as a remainder beneficiary after your death of a retirement plan such as an IRA, 401K, 403B, etc., providing a tax advantage from income and estate taxes
  • Charitable remainder annuity trust:  a trust that pays a set income to you or those you name and then provides the remainder to Auburn, creating income tax savings from deduction, no capital gains tax liability and potential estate tax savings. This option provides guaranteed annual income for the donor or other beneficiary.
  • Charitable remainder unitrust:  a trust that pays a variable income to you or those you name and then provides the remainder to Auburn, providing annual income that could increase if trust value increases.
  • Charitable lead trust:  a trust that pays Auburn an income for a period of years before you or your heir(s) receive the trust remainder, providing gift or estate tax savings for the value of payments made to Auburn.
  • Charitable gift annuity:  a contract in which Auburn agrees to pay you back a percentage of your gift annually for your lifetime, giving you and/or another beneficiary a set amount of income for life. This creates an immediate income tax deduction for part of the gift’s value and capital gains are spread out over one’s life expectancy.
Last Updated: Sep 11, 2014