University of Illinois

 

Ways to Give

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There are a number of ways to give to the Graduate School of Library and Information Science. These include short-term and long-term options.  We are happy to work with you to determine which option best fits your needs.

Please click on the links below to explore the variety of current and planned gifts available to you. If you have questions and/or would like to make a gift, please contact the Office of Advancement at (217) 333-2973 or -gslis-advancement, at illinois.edu-.

Thank you for supporting GSLIS!

CURRENT GIFTS
Give with Cash | Give Online | Give by Mail | Electronic Funds Transfer | Matching Gifts

PLANNED GIFTS
BequestsRetirement Accounts | Life InsuranceCharitable Lead Trusts

Current Gifts

Current gifts are those that are given outright and can be used immediately by GSLIS. These gifts are fully deductible for federal income tax purposes, subject to the limitations placed on charitable gifts by the Internal Revenue Service.

Give with Cash

A gift of cash is a convenient way to give to GSLIS. Simply make your check payable to The University of Illinois Foundation. Make sure to designate the specific fund you would like to receive your gift. Please note the General Fund is an option. You may indicate this in a note or on the memo line of your check.

Give Online

Credit-card based, online gift processing saves times, reduces paperwork and eliminates postage. It's a safe and cost-effective way for you to give to GSLIS. You can use the secure, encrypted online gift transaction system to give—just choose the "Urbana-Champaign-Library and Information Science" option from the selections. Or visit our fund page to choose a specific GSLIS fund.

Give by Mail

If you prefer to use the mail, please send a check or money order, made payable to the University of Illinois Foundation. If you choose to mail your gift, the date of the gift is the postmark date. Send your donation to:

University of Illinois Foundation
1305 West Green Street, MC-386
Urbana, IL 61801

Electronic Funds Transfer

Electronic Funds Transfer is a quick and convenient way to give to GSLIS directly from your bank. Simply fill out the EFT Authorization Form. EFT has been used for years by nonprofit organizations. It allows you to designate the amount of money you want, either in one sum or over time in installments.

Matching Gifts

In many cases, companies will double or triple your generous gift. Find out if your company will match your gift to GSLIS by checking our Matching Gift Corporate List.

Eligible donors for a corporate matching gift may include retired employees, spouses of employees, or widows and widowers of former employees depending on the corporation's giving policy.

Planned Gifts

Planned, or deferred, gifts are the result of careful consideration that integrates a donor's charitable gift into his or her overall financial, tax and estate planning objectives. Planned gifts typically come from a donor's assets rather than income and can be outright gifts, deferred gifts or a combination of the two. For more detailed information on planned gifts, please consult the University of Illinois Foundation.

To recognize alumni and friends who have included a gift for GSLIS in their estate plans, GSLIS has established the Legacy Society. If you have included GSLIS in your estate plans or would like information on this opportunity, contact Diana Stroud, Office of Advancement, at 217-244-9577 or -dstroud, at illinois.edu-.

Bequest in a Will or Living Trust

The most common form of planned giving, a bequest, is a gift that is made through a will or living trust. University Departments are often named the beneficiary in the wills and living trusts of University alumni and friends. Bequests may be stated as a percentage of the estate, as the residual of the estate or for a specific dollar amount. Since a will can be changed, no income tax benefits are associated with a bequest; however, the donor's estate is reduced by the amount of the bequest for estate tax purposes.

The following boilerplate language can be used in your will:

"I bequeath to the University of Illinois Foundation, a not-for-profit corporation located in Urbana, Illinois a gift of $XXXX, to be used for the benefit of the Graduate School of Library and Information Science of the University of Illinois at Urbana-Champaign."

If you wish to add such a bequest to your will, please contact Diana Stroud at 217-244-9577 or -dstroud, at illinois.edu- so that she can add you to the membership roll of the Legacy Society, a group established to recognize alumni and friends who have included a gift for GSLIS in their estate plans.

Retirement Accounts

A donor can name GSLIS the beneficiary of a retirement account and still have the value be completely tax-deductible. Income taxes on the assets are also avoided since the Foundation is a tax-exempt entity.

Life Insurance

There are three ways to donate with life insurance: a donor can contribute a "paid up" policy to GSLIS and receive an income tax deduction equal to the policy's cash/replacement value; a donor can name GSLIS as primary beneficiary of the policy, saving estate taxes but voiding the income tax deduction; or a donor can name GSLIS as owner and beneficiary of a new policy and receive an income tax deduction for the amount of the premiums paid.

Charitable Lead Trusts

A charitable lead trust allows GSLIS to receive the income from the donor's assets for a specified period of time, after which the asset is transferred back to the donor or to the donor's heirs. A lead trust can reduce gift and estate taxes or provide a charitable deduction for the donor.



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