"... It's gift-giving season, and Samford University should be high on your gift list this year..."
It's gift-giving season, and Samford University should be high on your gift list this year.
Because tuition covers only about two-thirds of the actual cost of a Samford education, gifts are an important part of the University's annual financial plan, according to Michael D. Morgan, Samford's vice president for university relations. "Students depend heavily on gifts from alumni, friends and parents to make up the difference in the cost of a Samford education," Morgan said. "What better way to celebrate the joy of the holiday gift-giving season than to make a year-end gift to Samford."
While the most pressing need always is for unrestricted gifts, donors may direct a contribution to any school, department or program, including the general scholarship fund, Morgan said. Or, donors may choose to split a gift among several academic units or program areas.
Year-end gifts are especially important this year, Morgan noted. Hurricane relief efforts, while very needed, have been the focus of most charitable giving in recent months. "We do not want to diminish the importance of hurricane relief efforts," Morgan said, "especially since some of our students and alumni were directly affected by this devastation. But, it is important for Samford's donors to remember that the work of educating young men and women continues, and we still are very dependent on the generosity of friends and alumni to ensure that the University meets its financial goals."
Samford must receive contributions from 4,000 alumni before the end of this fiscal year to help raise the $11 million in annual gifts needed to operate the University. As of Nov. 29, 1,444 alumni had responded to this opportunity.
Donors also have until Dec. 31, 2005, to take advantage of the Katrina Emergency Tax Relief Act (KETRA), which allows unlimited cash gifts to Samford or any other qualified charity up to a donor's total income for gifts received between Aug. 28 and Dec. 31, 2005. Retirement plan owners age 59 1/2 or older can make a deductible IRA or retirement plan gift to qualified charitable organizations through the KETRA provisions. The contributions do not have to be for hurricane relief. (more information)
Gifts postmarked on or before Dec. 31, 2005, are applicable to the 2005 tax year. Make a secure online contribution or send a contribution by mail to:
c/o University Relations
800 Lakeshore Drive
Birmingham, AL 35229