As you consider your charitable giving prior to the end of the year, remember that gifts made now could generate income tax deductions that may help reduce your tax bill for 2016.
Here’s how to complete your 2016 gift to The University of Alabama by year end.
IMPORTANT: Credit card gifts mailed to The University of Alabama must be received by Friday, December 30, 2016 at 4:00 p.m. CST in order to be processed. The Office of Advancement Services will be open from 1:00 p.m. to 4:00 p.m. CST on the following days during the holidays: December 29th, December 30th and December 31st. If you have any questions, please call our office at (205) 348-5370 .
Gifts by Check
Mailed via USPS
- Mail via U.S. Postal Service with postmark on or before December 31, 2016, and
- Date your check on or before December 31, 2016.
Mailed via Other Delivery
- Date your check on or before December 31, 2016, and
- Hand-deliver your check or ship via FedEx, UPS, or other shipper so that it is received at The University of Alabama’s Office of Advancement Services by 4:00 p.m. CST, on Saturday, December 31, 2016.
- Gift checks delivered by any method other than being mailed via U.S. Postal Service are effective as of date received.
Gifts may be mailed to the following address:
The University of Alabama
Office of Advancement Services
Tuscaloosa, AL 35487
The University of Alabama
801 University Blvd.
Tuscaloosa, AL 35401
Gifts by Credit Card
Online gifts via credit card
The most convenient and expedient way to ensure that your year-end gift to The University of Alabama is received on time is to make it online via the UA giving website. You may make an online gift any time before 11:59 p.m. (Central Standard Time) on December 31, 2016. You may give using any major credit card and your receipt is automatically generated and delivered via email.
Please visit UA’s online giving form.
Credit Card gifts mailed via USPS and FedEx/UPS shipping
- Your credit card gift must be received in the Office of Advancement Services by the 4:00 p.m. CST Friday, December 30, 2016, deadline in order to be charged.
- Use the Office of Advancement Services address above.
After December 15th, you may prefer to make your gift online or by telephone to avoid mailing or shipping delays and help assure your credit card gift is processed in time to count for 2016 tax purposes. See below for those deadlines.
Credit Card gifts by telephone
- Deadline is 4:00 p.m. CST on Saturday, December 31, 2016.
- Call (205) 348-5370 and have your credit card number, expiration date, daytime telephone number and gift designation ready.
- After 4:00 p.m. on December 31st, please use the UA online giving form.
Gifts of Securities
Giving stock that is worth more than you paid for it may result in additional tax savings. Stock transfers initiated and received on or before the close of the market on December 31, 2016, will be credited for 2016. To ensure proper gift credit to you, please notify us in advance when you are ready to make a transfer. For more information regarding stock transfers, please visit UA’s Gifts of Securities page.
Gifts via Wire Transfer
Our wire transfer instructions are as follows:
Bank: Cadence Bank
Address: 1108 Hwy 82 East
Starkville, MS 39759
Routing number: 062206295
Account Name: The University of Alabama
Account Number: 5700000820
Wire transfers must be received at UA’s bank on or before December 31, 2016, in order to be considered a 2016 contribution. Please contact UA at (205) 348-6718 and provide the name of who is making the wire transfer and for what purpose. You may also email Erica Gambrell.
Gifts via IRA Charitable Rollovers
The charitable IRA rollover, also called a qualified charitable distribution, was made permanent in 2015. Since 2006, many UA donors age 70 ½ or older have used this option to make qualifying charitable gifts that were excluded from taxable income and counted toward their required minimum distribution (RMD). To qualify, gifts must be transferred directly from the IRA provider to The University of Alabama and meet certain other requirements. This provision applies to people age 70 ½ or older at the time the transfer is completed. Please note that an individual taxpayer’s total charitable IRA rollover gifts cannot exceed $100,000 per tax year. We encourage you to check with your financial advisors about the best ways for you to take advantage of this opportunity as you consider gifts to the University and other charitable interests that are important to you.
It is simple to make a transfer. Contact your account administrator to request a check be delivered to the address below. Envelopes must be postmarked no later than December 31, 2016.
The University of Alabama
Tax Identification # 63-6001138
Attn: Office of Planned Giving
Tuscaloosa, Alabama 35487
For more information, contact the Office of Planned Giving at (205) 348-0999 or toll free at (888) 475-4438.
Questions about year-end giving or supporting UA
Please call the Office of Advancement at (205) 348-5370 or toll-free at (888) 875-4438 or visit Giving to UA for additional information.
This information should not be construed as investment, tax or legal advice. Before making your charitable gift, please consult with your financial, legal and other advisors.