1. Support
  2. Major Giving
  3. Types of Gifts

Types of Gifts

The easiest and most common way to give to AZPM is through a tax deductible gift of cash, usually made by check. However, gifts can take many forms. Here are a few options:

Real Estate

Gifts of real estate are sold quickly and converted into cash or used directly in connection with an existing University program. All real estate gifted to The University of Arizona Foundation for the benefit of AZPM is on the market for sale.

The sale of Foundation real estate differs from University-owned properties because Foundation properties can be listed with a broker and do not require an auction to confirm or close the sale.

Types of Accepted Real Estate:

  • Vacant land
  • Residential property
  • Commercial property

Improved property with mortgages can be accepted if the loan is 50% or less of the appraised value and can be sold quickly.

The Process

This is what happens after you express an interest in making a real estate gift:

  1. You must obtain a title policy and independent appraisal. The Foundation cannot arrange for, pay for or otherwise participate in setting values for tax purposes.
  2. The Foundation will inspect the property and complete an environmental checklist on vacant land and residential property. If a potential environmental problem exists, a phase-one environmental study will be ordered.
  3. A phase-one environmental study will be conducted on all commercial real estate gifts.
  4. The Foundation Investment Committee will review the gift and recommend acceptance or denial to the Board of Directors. Only the Board can accept gifts of property. Foundation personnel cannot indicate an acceptance of a gift until the Board decides.
  5. Once the gift is accepted, a deed and affidavit of value will be recorded.
  6. The Vice President for Finance and Administration will issue to you an executed IRS Form 8283 acknowledging acceptance.
  7. You must obtain the signature of the appraiser on the IRS From 8283.
  8. When a gift is sold within two years of the donation date, the sale price is reported to the IRS on a Form 8282.

Securities/IRA

Gifts of appreciated securities or IRA can provide special tax advantages:

  • IRA Charitable Distribution
  • Stocks
  • Bonds
  • Mutual Funds

How to Donate

The simplest and most efficient way to make a gift is to instruct your broker or banker to transfer the security/IRA to The University of Arizona Foundation for the benefit of Arizona Public Media.

To arrange for a gift, you or your broker may contact: Enrique Aldana 520.621.3808

Endowments

Endowments are permanent funds in which the principal is held in perpetuity and only the investment income is expended annually (payout).

Endowment gifts provide long-term sources of funding for the Arizona Public Media. Endowed funds support activities not just for one year, or even one generation, but forever. Endowment funds are invested prudently to ensure they can sustain current and future needs.

An endowed fund is established through a minimum gift of cash or stock totaling $25,000. Endowed funds also may be created through a number of gift planning vehicles.

Endowments can be very specifically focused or they can be generally designated for the most critical needs.

An endowment can be named in honor of an individual, colleague, or family member, as well as an organization, foundation or corporation.

Benefits of Establishing an Endowment

  • Serves as a permanent named tribute
  • Provides for future generations
  • Provides lasting stability for AZPM Operations, Programming or Capital support

Corporate Matching Gift

Many employers match charitable contributions made by their employees, employees’ spouses or retirees. Employer matching instantly amplifies the impact of your gift.

Employers’ matching criteria and procedures differ. Please inquire with your company’s human resources office whether charitable gift matching is provided.

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