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Alumni & Supporters:
Support Chowan - Make A Gift
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Outright Gifts - Cash - Securities - In-Kind - Real Estate - Life Insurance - Matching - Honorary / Memorial |
Planned Gifts - Bequests - Life insurance - Life income - Charitable Lead Trusts - Retained Life Estates - Retirement Plan Gifts |
For more information on how to make a gift to the Annual Fund contact Mike Temple or for more information on other giving opportunities contact John Tayloe in the
Office of Development.
Cash Gifts
Online
Click here to make a gift online
Phone:
Call (252) 398-1233 any business day between 8:30 a.m. - 5:00 p.m. to provide your credit card
information. We accepts Discover, MasterCard and Visa. Your gift will be recorded the day we
process your credit card information.
Mail:
Send your check or money order, payable to Chowan University, to:
Office of Development
Chowan University
One University Place
Murfreesboro, NC 27855
Please provide your name, class year and how you would like your gift credited.
Gifts of SecuritiesA gift of appreciated securities that has been held more than one year offers two benefits to the
donor: income tax deduction for their fair market value and avoidance of capital gains tax on
appreciation in value.
Gifts in KindGifts in kind are an important way of benefiting Chowan University through a charitable gift. Gifts in kind include donations of property other than cash and marketable securities such as real estate, works of art, books, equipment, furnishings, software and licensing.
A gift in kind requires an official transfer of ownership of property from the donor to the University. The IRS requires the donor to determine the fair market value of the gift for individual, foundation, or corporate tax reporting purposes. The University will issue a gift in kind letter of receipt for the donated property. Upon approval of the donor, the University may or may not recognize the donor for the gift.
Chowan University “Wish List”
- Automotive Vehicles
- Quality Furnishings
- Artwork
- Art Supplies
- Silver Serving Pieces
- Books
- Musical Instruments
- Current Special Request – Pool Table
Gifts of Real EstateA gift of real estate to Chowan University is a unique way to provide a lasting benefit to the University. It is also a convenient way for you to enjoy a charitable deduction based on the current fair market value of your property and to reduce the size and complexity of your estate. Because a gift of real estate will usually be sold as soon as practicable after it is gifted, the real estate must be free of debt and must be readily marketable. An added benefit is that in most cases, all aspects of its sale are handled by the University.
Matching GiftsYour employer may have a matching gift program. When an employee makes a charitable contribution,
the company will match the charitable donation and forward the check to Chowan University directly.
MemorialsA memorial honors and preserves the memory of a loved one through your contribution to
Chowan University. Memorials often originate in wills, but they can be made at any time.
Think of all the special days - Thanksgiving, Mother's Day, Father's Day, religious
holidays, anniversaries, weddings, graduations, birthdays and more - that are worthy of
your memorial gift.
A parent, a child, a close friend or a mentor are among the special people that can be
recognized in this manner. And if you or your spouse work for a company that matches
gifts, you may be able to double the impact of your memorial donation. If the gift is
used to establish an endowment, the interest will be generated indefinitely to honor your
family name or the name of the person you are recognizing.
BequestsBequests are gifts made through a will or living trust to provide support for your
favorite charitable organization(s), such as Chowan University. You can leave a specific asset, a percentage of your estate or the remainder of your estate after you have taken care of other beneficiaries. You may leave your bequest unrestricted or designate it for a specific use. Any bequest provision can be modified in your will or living trust during your lifetime to change the legacy you will be creating.
Let's assume you have decided to make a bequest and have chosen Chowan University to be your beneficiary. There are several bequest options to consider.
Specific bequest - you give a specific dollar or a specific asset from your estate, such as stocks, bonds, real estate, antiques, art, mutual fund shares, etc.
Residuary bequest - this bequest directs that either all or a percentage of your estate's residue - what is left after the other terms of your will have been satisfied - be paid to Chowan University.
Contingent bequest - this option designates that Chowan University receives all or some of your estate dependent upon a specific condition. For example, you might state that Chowan University will receive the residue of your estate only if a particular loved one (e.g., your spouse) doesn't survive you.
Restricted bequest - you may wish to restrict your bequest for a specific purpose or to support a specific program.
Bequests provide you with a number of avenues for creating a legacy that defines your personality and commemorate your life.
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