Make checks payable to the University of Louisville Foundation. In the check’s memo section, please designate gift allocation and send to:
University of Louisville Libraries
Director of Development
Ekstrom Library – Room 203
Louisville, Kentucky 40292
Planned gifts provide donors with excellent benefits, including life income, continued use of gift property, an avoidance of capital gains tax and immediate income tax deduction. Some planned gifts, such as bequests, provide gift and estate tax savings. A charitable IRA rollover allows donors age 70½ or older to make tax-free gifts of up to $100,000 to U of L Libraries or other qualified charities from their individual retirement accounts for the 2013 tax year. Such charitable IRA rollover gifts may also count toward a donor's required minimum distribution for the year.
Find out about this and other planned giving options at the UofL Planned Giving site.
Some employers will match the gifts their employees and their spouses, board members, and retirees make to the Libraries. Matching Gift programs and forms are typically available in the human resources offices of companies.
Contact our office for transfer instructions and account information.
Gifts of tangible personal property related to the "charitable purpose" of the Libraries may be eligible for a deduction of the asset's full market value. For example, friends of the Libraries have given rare books, paintings, and sculptures which were displayed in the Libraries and thereby entitled the donor to a deduction of the fair market value. Some gifts may require an appraisal or advance approval in order to be accepted. Please contact the Libraries' Development Office before making the gift to learn about its suitability and the required appraisal procedures.
Many donors to the libraries have assets that have appreciated significantly but they rely on the income of these assets. One way to preserve income and defer capital gains is to put the asset(s) into a life income agreement. A life income agreement which will pay you (and your spouse) income for a period of years or life and, at the end, the remaining principal will transfer to the Libraries to the purpose for which you have designated it. These agreements can remove otherwise taxable assets from your estate while preserving the income you depend upon. Please contact the Libraries' Development Office to learn more about these types of agreements or visit UofL Planned Gifts.