1. Outright Gifts
A gift of cash is the easiest gift to make — it provides the maximum deduction for donors while delivering immediate benefits to the University.
Gifts can also be made to the University of Mount Olive by:
- Mailing a check or money order to University of Mount Olive, Gift Records, 634 Henderson Street, Mt. Olive, NC 28365
- Calling Gift Records at 919-658-7823 and making a gift by phone
- Contributing online
- Payroll deduction (for University of Mount Olive faculty and staff only)
2. Gifts of Assets and/or Investments
3. Planned/Deferred Gifts
An endowment is a gift that is held in perpetuity and invested. The return on the investment provides a constant source of income for the activities designated by the donor. Endowment funds at the University of Mount Olive help maintain the institutions financial strength.
Endowments can be established through current gifts or cash, stock or real estate or planned gifts such as charitable trusts, charitable gift annuities, life insurance or bequests.
Endowments are invested in the market with 4% of the earnings interest distributed or reinvested. Endowment Funds are the exclusive responsibility of the Board of Trustees. The investment responsibility rests with the Board of Trustees Business Affairs Committee.
An Endowed Fund Agreement (EFA) must be signed prior to the establishment of an endowed fund. Any gift for a restricted endowment must be reviewed and approved prior to its execution. Endowments must reach a minimum of $10,000 within 5 years of its inception before any income from that fund can be distributed.
If you would like to contribute to the University of Mount Olive Endowment or are interested in starting one of your own, please contact Mrs. Teresa K. Hines, Vice President for Institutional Advancement, for more information at 919-658-7720 or firstname.lastname@example.org.
5. Matching Gifts
Sevaral companies sponsor matching gift programs and will match charitable contributions made by their employees. You or your spouse may work for a company that will match your gift. Check with your employer to see if your gift to the University of Mount Olive could be matched or even tripled! They can provide you with the gift matching form to get the process started.