Make Your Impact

There are a number of University-wide and college- and unit-specific programs that benefit from your support, and a number of ways you can give that support.  The options listed below are the most common ways alumni and friends create the impact they envision while carrying out their philanthropic goals.  Development officers are here to answer questions, offer options and help you tailor your giving to your preferences.

Current Gifts
Current gifts provide immediate impact on the areas or individuals you designate.They can be made in the following ways:

  • The gift is unrestricted when you don’t designate it.  It’s a powerful form of giving in that it allows UIC to apply the funds where needs are the greatest.
  • Funds you give for a specific purpose are designated. A development officer can help you define your designation.
  • Annual gifts are are often current gifts that provide an important source of operational revenue. They are usually used in the year they are received and can support day-to-day needs, making an immediate impact on the lives of students and faculty. Read more about annual giving below.
Annual Giving
Annual gifts offer immediate support for a wide range of  initiatives, such as support scholarships, student travel to professional conferences, funding for graduate student research projects, special lectures and seminars and so much  more. They can even support endowments.  You can make an annual gift to UIC at any time by responding to a mail appeal, phone call, email request or by making a contribution online. Contact Angela Larson, director of annual giving, at 312-413-8424, for more information.

Read about the impact of annual giving…

Faculty Support
Chairs and professorships allow UIC to build a thriving intellectual community by attracting renowned scholars from around the world. The income from an endowed chair or professorship may supplement a salary, support research resources or various scholarly expenses.

Read about the impact of faculty support and research

Matching Gifts
Many employers will match their employees’ charitable donations. This will sometimes hold true even if you’re retired from the company or if you’re the spouse or widow of an employee. Visit the Foundation’s participating companies database to determine if your company offers this option. Make sure you also check your company’s giving policy to see if you’re eligible.

Many matching gift companies require that participants provide the Federal Tax ID number of the recipient organization when applying for a match. The Tax ID for the University of Illinois Foundation is 37-6006007. The University of Illinois Foundation is a 501(c)3 charitable organization exempt from federal income tax.

Memorial/Tribute Gifts
Commemorative gifts honor or memorialize your loved one while supporting a cause you believe in. They can establish an endowment, renew a scholarship or help fund other projects in that person’s or family’s name.

A memorial gift can be outright, designated, a bequest or an endowment and recognition can come in many forms including:

  • Honoree’s name engraved on a plaque.
  • Buildings or spaces named after honoree, solely or along with other honorees.
  • Endowed fund or scholarship named after honoree.

Read about some examples of memorial gifts

Endowments
Endowed gifts are invested and the earnings from the investment help fund your designated cause. Each endowment is a source of permanent financial support above and beyond the income generated by student tuition and fees. As the University’s endowment grows, so does our strength and stability. As of June 30, 2013, the total University endowment stood at $2.8 billion.You can create an endowment through an outright gift, bequest or a life income gift such as a charitable gift annuity or a charitable remainder trust. The minimum amount required to establish a separate, permanent endowment account is $25,000.

A UIC development officer can help you construct your endowment to meet your preferences, draft the agreement and guide you through finalizing it.

Read more about endowment levels and management of the endowment pool on the Foundation’s website.

Here are some examples of the impact of endowments

Gift Planning
Gift planning strategies offer tax benefits while helping you meet personal financial objectives, such as increasing cash flow, guaranteeing retirement income and finalizing estate planning.

Read our most recent issue of Generations, which covers many aspects of gift planning.

Contact Lynn Bennett, UIC’s gift planning advisor at 312-413-3394 or lbennett@uif.uillinois.edu for more information, or read more about:

Here are some stories about planned gifts