Types of Gifts
There are two decisions a donor should consider before they make a gift: What is the purpose of this gift? What form will the gift take? It’s a good idea to ponder the possibilities before you make a decision. Each gift is different and CLA’s Advancement Officer is able to customize a gift plan based on your answers to those questions.
Gift Purpose Possibilities
An unrestricted gift to CLA is just that: within the mission of CLA its use is unrestricted. This means that the CLA Dean will decide how your gift should best be used to support the college. These types of gifts are used to meet the most immediate needs of the college. Oftentimes the most immediate needs are simple things like purchasing art supplies or photograph equipment for students. These funds are also used for last minute opportunities to send graduate students on research trips, to provide scholarship support to exceptional students and more. To make this kind of gift you need only write the words "CLA unrestricted" on the memo line of your check or on the on-line form used for making your gift.
You may restrict your gift in several different ways. For example, you may restrict your gift to a specific yet broad use (e.g. "to provide student scholarships" or "to support faculty research.") or to a specific fund (e.g. the Joseph Thompson Memorial Scholarship).
To place such a restriction on your gift you need only indicate the restriction on the memo line of your gift check or on the on-line form used for making your gift. When your gift is received it will be placed into a fund that matches the purpose restriction you have indicated.
If you would like to make a gift to an existing fund you need only indicate the name of the fund on your gift. Your gift will be added to such a fund and used for the purposes for which that fund was established. Here is the current list of CLA’s existing funds.
You can also create a new fund. This decision brings about another set of questions to consider and Naomi Horne, our Development Officer, would be pleased to discuss these over the phone or in person. New funds can be created with all kinds of purposes, in many different forms (e.g. endowments) and with many gift amounts. Some funds require only $500 to get started while others begin at $25,000.
Gift Form Possibilities
The College of Liberal Arts is one of the many beneficiaries of the UA Foundation and we partner with the Foundation to accept many different kinds of gifts ranging from simple cash or credit card transactions to real estate and life insurance gifts. Below are the most common types of gifts.
- Cash Gifts
- Life Insurance
- Charitable Remainder Trust
- Charitable Gift Annuities
- Personal Property
- Real Property
- Stocks and Mutual Funds