Chemistry at Illinois University of Illinois at Urbana-Champaign

The Department of Chemistry at the University of Illinois

Giving Opportunities

Give to Vision 2020  $     Ext. Link

Ways to Give to Chemistry at Illinois

Named Endowments provide a permanent source of income to meet the needs of faculty and students. Any endowment can be created by meeting the minimum gift, which creates the fund and provides limited support from the income. In order to provide yearly support from the account, the sustainable endowment level must be met. This amount is calculated based on the current return rate on the account and the yearly amount needed to support that specific type of fund.

If you are interested in establishing an endowment, please contact Lauren Dodge, Assistant Director of Development.

Endowed Funds

Minimum Gift

Sustainable Endowment

Named Endowed Chair

$1,500,000

$3,000,000

Named Professorship

$500,000

$1,500,000

Named Graduate Fellowship

$250,000

$750,000

Named Lecture Series

$100,000

$200,000

Named Undergraduate Scholarship

$25,000

$50,000

 

Pool Endowments are a high impact, lower cost alternative to a named endowed fund. Your donation to a pool endowment offers many of the same features as a named endowment: a yearly annual report, annual recognition in Chemistry News, and recognition in annual Chemistry Convocation Ceremony. Unlike named endowments, participation in a pool endowment only requires you to donate a portion of the sustainable endowment level (see below) .

Pool Endowments can also be created by joining with fellow alumni, friends, or family to fully fund an account. By meeting the giving level as a group, you will have the option to name the endowed position as well as receiving the same stewardship as the rest of our endowed accounts. If you are interested in creating or participating in a pool endowment fund, please contact Nick Jaeger, Assistant Director of Development.

Pool Endowed Funds

Minimum Gift

Named Endowed Chair

$500,000

Named Professorship

$250,000

Named Graduate Fellowship

$125,000

Named Lecture Series

$35,000

Named Undergraduate Scholarship

$10,000

 

Vision 2020 is fund that provides essential support to the Department of Chemistry.  In 2008, the Vision 2020 fund replaced the non-endowed Partnership for Chemistry Fund.  Because it was created as an endowed fund, donations are protected in an account that provides yearly income to support the Department’s most critical needs. Like Partnership, Vision 2020 is a flexible, unrestricted account which allows the Department to cover projects and personnel that would not be covered by state funds. See Online Giving to Chemistry webpage to give to Vision 2020 now.

Memorial Funds commemorate individuals while benefiting the Department of Chemistry. Memorial funds include those honoring Roger Adams, R.C. Fuson, Carl “Speed” Marvel, Harold Snyder, among others. You can make a gift to any account, including Vision 2020, in honor of an individual and the College of Liberal Arts and Sciences will notify the family that a contribution has been made. See Online Giving to Chemistry webpage to give in honor of an individual or to donate to a memorial fund now.

Forms of Giving

Cash. Checks should be made payable to the University of Illinois Foundation (UIF), with a notation designating the name of the fund. Gifts to memorial funds should be made payable to the specific fund. Contributions may also be made with your Visa or MasterCard credit card, via the Online Giving to Chemistry webpage.

Securities. In most cases, gifts of appreciated securities may be deducted at full market value as of the date you make the gift, and the donor does not have to pay capital gains taxes. Gifts of stock are most easily handled by the University of Illinois Foundation. You or your broker may contact us for further information. Stock can often be transferred electronically. If you wish to give a gift of depreciated stock, you should first sell it and give the proceeds to the Foundation. You can then use the loss to offset any gains and also claim a charitable deduction. See the UI Foundation website for more information about donation of stocks or bonds.

Real Estate. Gifts of real property may be deeded to the University of Illinois for the benefit of the Department of Chemistry, providing significant tax advantages to the donor in most cases. It is also possible to deed a home or farm to the University and continue to occupy it for life. See the UI Foundation website for further information about gifts of real estate.

Gifts that Provide Income. A number of options are available by which you may transfer assets to a trustee (either the University or a trustee of your choosing) and receive income for yourself and/or a designated beneficiary, as well as immediate tax benefits. The Department of Chemistry ultimately receives the trust property. See the UI Foundation website for more information about gift plans that enable the donor (or other beneficiary) to receive income for life or a term of years.

Estate Gifts. A fixed amount or a percentage of your estate’s assets (such as securities, cash, real estate, or insurance policies) may be designated for the benefit of the Department of Chemistry in your will or living trust. See the UI Foundation website for more information about options for estate planning.

Matching Gifts. Hundreds of firms match their employees’ (and sometimes spouses’ and retirees’) contributions on a 1:1, 2:1 or even 3:1 basis. If your company has a matching gift policy, forms to assure that your gift will be matched can be obtained from your personnel or employee relations office. See the UI Foundation website to see if your company has a matching program.