If you made an online gift to support the UConn Foundation, you will have found the link to this document in the acknowledgment e-mail that was sent to you. Thank you again for your support of the University of Connecticut.
If you indicated your company has a matching gift program, and you wish to participate, you must request a matching gift form from your employer and send it completed and signed to the Foundation. We will do the rest and you will be recognized not only for the full amount of your own gift, but also the resulting corporate match.
Tax Deduction Information
To claim a charitable deduction for federal income tax purposes for a contribution, donors must substantiate the contribution with documentation from the tax-exempt charitable organization. The document that you received by e-mail may be used to substantiate contributions made to The University of Connecticut Foundation, Inc.
You can deduct for purposes of federal income taxes the amount of a contribution to the extent it exceeds the fair market value of any benefits you receive.
Please note, any gift to an athletic account is subject to Section 170(l) of the Internal Revenue Code which provides that only 80% of donation may be treated as a charitable contribution since the donor is entitled to the right to purchase tickets for athletic events. In order to deduct 100% of these donation, you must have submitted, in writing, a contemporaneous waiver of athletic priority point benefits.
As required by law, the letter that you received by e-mail confirms that, other than the amounts described, no other goods or services were provided to you by the Foundation.
Additional Information
All contributions are assessed certain administrative fees that are used to support Foundation operating expenses as well as other priority needs determined by the School, College or unit receiving the gift. The contribution fees assessed are 5% on fully expendable contributions and 3% on endowment contributions. Endowment funds are also subject to an annual administrative fee. Our goal is to preserve the long term purchasing power of endowment contributions. For purposes of monitoring the long term purchasing power of your endowment contribution, our accounting policies exclude the amount assessed as the contribution fee from your original gift value, unless you object by contacting us at the address below within 30 days of the date of your gift. For additional information please contact us at 800-269-9965 or contactus@foundation.uconn.edu.
The University of Connecticut Foundation, Inc. is a non-profit corporation dedicated to supporting the mission of the University of Connecticut. The Foundation is recognized by the Internal Revenue Service as a tax-exempt, 501(c)(3) organization, and donations to the Foundation are tax-deductible by contributors to the extent allowable by law.
Donors may request that their identity be kept confidential and not publicly disclosed by contacting, in writing, the Office of Donor Relations, The University of Connecticut Foundation, Inc., 2390 Alumni Drive, Unit 3206, Storrs, CT 06269-3206. If you checked the anonymous donation box on the online giving page, your donation will be kept confidential and will not be publicly disclosed.
Sincerely,
Kevin Edwards, Vice President for Finance and Chief Investment Officer
The University of Connecticut Foundation, Inc.
2390 Alumni Drive Unit 3206
Storrs, CT 06269-3206
