Matching your commitment to students
As faculty and staff you understand better than anyone the importance of the work done at the University of Washington, as well as why we continue to aim higher. To celebrate the launch of the University’s most ambitious philanthropic campaign ever, we are pleased to announce a commitment of $5 million to honor you— our incredible faculty, staff and retirees— for your commitment to students.
For a limited time, the University will match gifts, made by current and retired faculty and staff members, to endowed scholarships and graduate fellowships at a 50 percent rate. With your gift, you can help keep a UW education accessible for generations to come. Student endowments support current and future students at the University of Washington, providing them consistent support throughout their college careers.
Already more than 500 of you have participated in this incredible opportunity and there is still $2 million in matching funds available. Join us and help keep an extraordinary education within reach for all Huskies.
Two ways to participate
There are two ways for faculty, staff and retirees to participate. Both options provide a 50 percent match to help students in the areas you care about most.
You may make a gift of any amount to selected student endowments. These scholarships and graduate fellowships have been identified as priority funds and will have an immediate impact on the lives of students. Every gift from a current or retired faculty or staff member will be matched until the match pool is exhausted.
How it works
- Gifts are matched at a 50 percent rate on a first-come, first-served basis until matching funds are exhausted.
- For those who sign up for a payroll deduction to an eligible endowment, your pledge payments will be matched each quarter while the pool exists.
FIND A FUND
Endowing a scholarship fund is one of the most important ways a donor can invest in students’ success. Individuals who commit to a minimum gift of $10,000, may either establish a new endowment, or give to any eligible existing student endowment. With this commitment, your matching dollars will be reserved for up to five years.
How it works
- Gifts are matched at a 50 percent rate and with a signed pledge, matching dollars will be reserved, giving donors up to five years to complete their pledge.
- Advancement staff can help you identify an active scholarship/ graduate fellowship or establish a new fund to help students.
Frequently Asked Questions
As an employee of the UW, you have the unique opportunity to give back directly to the place where you work and help enact the changes you want to see on campus. The UW relies increasingly on private support as state support continues to dwindle. On top of that, gifts from you, and your colleagues, sends a strong message of support and belief in the University’s mission. We ask for contributions from alumni, friends, parents, students, faculty, staff, corporations, and foundations to keep a UW education affordable and to expand our research and teaching agenda.
Endowed gifts are invested, with the generated income used to fund activities designated by the donor(s). This means that the principal gift is never touched, but continues to grow over time and generate a steady, reliable source of income, in perpetuity. By endowing your gift you can make an impact that will be felt year after year, generation after generation.
Endowment gifts generate earnings each quarter, year after year. As such, they play a critical role in the UW’s long-term financial stability. Although state appropriations, tuition levels and private dollars may fluctuate annually, the stability of an endowment encourages strategic planning and expansion of our programs. Because an endowment provides support in perpetuity, it is one of the most significant way to leave a permanent legacy at the University.
For gifts made to Option 1 funds, matching will be added at the next quarterly investment following receipt of gifts. For Option 2, matching funds will be reserved for gifts and pledges of $10,000+ on a first come, first served basis. Once the minimum amount is met, the commensurate 50 percent matching dollars will be released and invested on the following quarterly investment (January 1, April 1, July 1, and October 1).
The program will run from October 21, 2016 to June 30, 2020 or until the $5 million in matching dollars have been exhausted, whichever comes first.
There is no limit to what you can gift, however only the first $250,000 in donor gifts will be matched with the $125,000 per donor household.
Yes. Donations to the University of Washington are overseen by the University of Washington Foundation, a tax-exempt 501(c)3. As a gift to a non-profit entity, your donation is tax-deductible to the extent permitted by law. You will receive a gift receipt with a total amount of your contributions.
You can make contributions in several ways including credit card, check, cash, via stock transfer or for current faculty and staff through a bi-monthly payroll deduction. The Payroll Office is able to deduct donations from your paycheck, thus allowing gifts to be spread out over time. For example, an endowment gift of $10,000 could be set up as annual gift of $2,000 with bi-weekly deduction of $83.34 over 24 pay periods for 5 years.
For questions please contact the UW Office of Donor Relations: email@example.com