How
to support CUC
Claremont University Consortium is a qualified tax-exempt independent
organization classified as 501(c)(3) by the IRS. As such, our supporters
can be issued written acknowledgements for itemization on annual tax returns.
We accept
Gifts-in-kind of company products and personal property.
Some examples include tools and equipment for our Plant and Facilities
Departments, books for our libraries, medical supplies for our health
programs, office supplies for Financial Services, automobiles, electric
utility/service vehicles, antiques, and works of art.
Securities Securities are defined as publicly traded
securities on major U.S. Exchanges and NASDAQ, and mutual funds. Securities
may only be accepted after approval by the Treasurer of CUC. Securities
shall be transferred in such manner that the donor and appropriate staff
in the Office of Financial Affairs sign specific documentation verifying
the specific date of the actual transfer. Donor's tax deduction shall
be equated as the average between the "high" and "low"
trade on the date of the receipt of the securities in the Office of Financial
Services. All securities accepted will be sold immediately.
Matching gift: Matching gift programs are offered by
many firms in business and industry. A donor may have a gift "matched"
by his/her employer and many firms match on a two-for-one or three-for-one
basis.
Planned Gifts All wills or bequests or estate plan documents
which provide funds or other assets for use by CUC must be made payable
or transferable to "Claremont University Consortium." All such
unrestricted bequests will be added to the general endowment fund of CUC.
All gifts received for restricted endowment purposes, when accepted, will
be accepted only on the condition that, should the purpose for which the
funds are provided cease to exist, the CUC Board of Overseers shall allocate
the income from those funds to purposes as near as possible to the original
intent of the donor. Such provisions should be provided in all wills and
devises where possible.
Sustaining Giving CUC continually seeks recurring, unrestricted/undesignated
funds to support or sustain the annual operating budget. We accept gifts
by check or credit card.
Real Property CUC will consider accepting gifts of real
property to include both improved and unimproved land including but not
limited to single and multiple family residences, condominiums, apartment
buildings, rental property, commercial property and farms. All properties
shall have the costs of transfer borne by the donor and shall not be accepted
without a current appraisal by a qualified appraiser, a title search,
a title policy, a marketability check and an environmental survey.
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