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̽»¨ÉçÇø is an official charitable organization and all gifts are fully tax deductible. There are many ways you can donate; read further for details.
Check
Here are some helpful notes for sending a gift by check:
You can express a preference to support a ̽»¨ÉçÇø approved institution in the check memo.
Make checks payable to ̽»¨ÉçÇø, Inc.
Postmark on or before December 31st to qualify for current-year tax deduction.
In order to be voted, donations must arrive at our New York City mailing address by the Thursday before the Tuesday Board of Director’s meeting (our upcoming meeting schedule).
Mail your check to: ̽»¨ÉçÇø, 641 Lexington Ave 15th Floor, New York NY 10022 or your development director.
We can accept checks in GBP, but banks charge a large fee to convert to USD. This results in a smaller grant to an institution.
Note: If your gift is coming from a donor advised fund, some fund administrators do not include identifying information on the checks, which makes it difficult, if not impossible, for us to identify the donor or their preference. Please tell your donor advised fund that the check they send ̽»¨ÉçÇø must indicate your name and the institution you prefer to benefit.
Credit Card
People who wish to donate online by credit card with preference for their institution or to support the work of ̽»¨ÉçÇø itself can do so by using , an independent foundation that manages ̽»¨ÉçÇø’s online credit card giving.
If you have a preference to support an institution recognized by ̽»¨ÉçÇø: indicate the name of the institution in the .
If you wish to become a ̽»¨ÉçÇø member, upgrade your membership, or support the Foundation itself: indicate in the whether you are supporting the Foundation’s General Fund or Scholarship Fund. Individual annual membership levels are: Associate ($100), Fellow ($250), Sustaining ($500), and Life Member ($5,000). An institutional membership is $500 or more.
You can set a one-time or recurring credit card donation, even when indicating preference for an institution or when supporting the Foundation. Network for Good will deduct 3% from your donation for processing, or you can opt to cover this in your donation.
It takes a minimum of four weeks for Network for Good to forward your donation to ̽»¨ÉçÇø. Checks mailed directly to ̽»¨ÉçÇø do not incur a 3% service charge and are received in a timelier fashion.
Because of this 3% service charge and the long amount of time it takes Network for Good to get the money to ̽»¨ÉçÇø, online giving should preferably be used only for donations under $1,000.
Note that when gifts are made online, your receipt for tax purposes will come from directly Network for Good not from ̽»¨ÉçÇø.
Securities & Major Funds
Some donors can realize significant tax benefits in giving gifts of marketable securities. Please see Instructions for Donating Securities. To contact ̽»¨ÉçÇø regarding these gifts, please email treasurer (at) bsuf.org.
Individual funds for a dedicated objective within the Foundation's Statement of Purpose may be set up in the case of large donations. To contact ̽»¨ÉçÇø regarding a major donation, please email treasurer (at) bsuf.org.
Wire Donations
To wire donations of $5,000 or more, please contact our agent at UBS. Contact information: Anita Hairston; phone (800) 522-5782 or (757) 624-3381; email anita.hairston (at) ubs.com; mailing address 440 Monticello Avenue, 20th Floor, Norfolk, VA 23510. You will need to provide her with contact information and state which institution you prefer your donation supports.
Matching Gifts
Many companies with matching gift programs do not provide information identifying the original donor when matches are forwarded to ̽»¨ÉçÇø. This can make it extremely difficult, if not impossible, for ̽»¨ÉçÇø to pair matching gifts with donors and preferences.
Please advise your matching company that the check they send to ̽»¨ÉçÇø matching your donation must indicate your name and the institution you prefer to benefit.
The information required by many Matching Grant programs is as follows: Website: bsuf.org; Mailing Address: 641 Lexington Ave 15th Floor, New York NY 10022; Email address: exec (at) bsuf.org; TIN: 13-6161189.
Charitable Remainder Trusts
There are two kinds of Charitable Remainder Trusts: a Charitable Remainder Annuity Trust and a Charitable Remainder Unitrust. Designating ̽»¨ÉçÇø as remainder beneficiary, either of these trusts affords the donor an immediate charitable tax deduction in the year the trust is created. The trustee then pays the donor income during his/her lifetime or that of any other living non-charitable beneficiary the donor may designate.
In the case of a Charitable Remainder Annuity, the payment is a fixed monthly sum (determined by the beneficiaries’ ages and gender, and the original principal amount of the trust). With a Charitable Remainder Unitrust, the payment will fluctuate up or down depending on investment performance. At the death of the income recipient, the trust passes on to the ̽»¨ÉçÇø as charitable remainder beneficiary; donors may express a preference for an Approved Institution.
̽»¨ÉçÇø is not permitted to offer tax or legal advice. Donors who are contemplating creating a Charitable Remainder Trust must consult with a professional advisor for guidance (usually their lawyer and banker) prior to making decisions. To contact ̽»¨ÉçÇø regarding a Charitable Remainder Unitrust please email treasurer (at) bsuf.org.
Individual Retirement Accounts
IRAs can be made much more tax efficient by naming the ̽»¨ÉçÇø as a beneficiary with an expression of preference for an Approved Institution. This relieves the Estate of (a) the Distribution and Income Taxes which are levied by most State governments; and (b) of part of the regular Estate tax. To contact ̽»¨ÉçÇø regarding an IRA please send e-mail to treasurer (at) bsuf.org. In 2007, those over age 70-1/2 may find it advantageous to have contributions made from their IRA directly to a charity without paying taxes on the amount withdrawn. The rules are complex, and individuals should consult their own professional advisors for guidance.
Bequests
A provision may be made in your will or trust bequeathing money to the Foundation. To contact ̽»¨ÉçÇø regarding a bequest please send e-mail to treasurer (at) bsuf.org.
Support By Membership
So that we can continue to grant 100% of donations we receive please consider becoming a member of the ̽»¨ÉçÇø by making a donation in support of our operations. Annual Membership levels are: Associate $100; Fellow $250; Sustaining $500; Life Membership $5,000. You can do this by sending a check to the ̽»¨ÉçÇø, 641 Lexington Ave 15th Floor, New York NY 10022 or by giving online.