If you would like information about how a gift from your estate plan can make an impact at UD, we will be glad to share options that may best suit your needs and intentions. We are also happy to work with your financial advisor and/or attorney to meet your charitable goals.

 

Please call 302-831-6798 or email giftplanning@udel.edu for information on:

  • Planned gift options to meet your philanthropic goals

  • Sample bequest language

  • How to make a gift from qualified retirement plans (IRAs)

  • A customized calculation for life income gifts – options with distributions made to the donor/designees for a lifetime or set period of time

 

If you have already made estate provisions for the University of Delaware, we thank you and hope that you will share those plans with us so that your gift is properly recorded and directed to the area you wish to impact. Donors who include UD in their estate plans are included in Carillon Circle, an exclusive group of our most loyal supporters.

CARES Act Information

Consult with a professional advisor to determine if these options might be suitable for you.

 

  1. Limited Deduction for Non-itemizers: Taxpayers who do not itemize their deductions may deduct up to $300 of cash charitable contributions.

  2. Charitable Deduction Limits: For individual taxpayers who itemize deductions, the CARES Act removes the 60% adjusted gross income (AGI) limit on charitable deductions made to qualified charities (including UD) in 2020.  This allows taxpayers to deduct the full amount of their charitable donations up to 100% of their AGI.  Because federal income tax rates are progressive, it is not a given that it will be to a donor’s advantage to make the 100% of AGI election; donors need to consult their own tax counsel to discuss their specific situation.

  3. NOTE:  The above deductions are for CASH only – not stocks, gifts-in-kind or any other type of asset.  Additionally, these increased deductions do not extend to donor advised funds, private foundations and other supporting organizations.

  4. IRA Charitable Rollovers: The CARES Act also waives required minimum distributions (RMD) from 401(k) plans and IRAs for 2020. However, donors are still allowed to make a qualified charitable distribution (QCD) from their IRA if they are 70 ½ years of age or older.  These donors are permitted to transfer up to $100,000 directly from an IRA to a qualified charity (including UD) in 2020.

 

Email giftplanning@udel.edu or call 302-833-6798 if you’d like to explore how your planned gift can impact UD in a meaningful way. We encourage you to include family members and professional advisors in these discussions.

Contact the Gift Planning team

Martha R. Mitchell
Associate Vice President
Development and Principal Gifts
University of Delaware
83 East Main Street, 3rd FL
Newark, DE 19716
Phone: 302.831.8633
E-mail: martham@udel.edu

Nathana D. Jackson
Director, Gift Planning
University of Delaware
83 East Main Street, 3rd FL
Newark, DE 19716
Phone: 302.831.6093
E-mail: ndlane@udel.edu

Legal Name

University of Delaware

Legal Address

220 Hullihen Hall, Newark, DE 19716

Tax I.D. Number

51-6000297

Incorporated In

Newark, DE

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