What is the Annual Fund?
The Annual Fund includes gifts made to Methodist University during the fiscal year (July 1 – June 30) which support all areas of the University’s operating budget. This is the year-in-year-out fund that helps to cover the annual costs of operating Methodist University.
Why support the Annual Fund?
Tuition and fees cover only 75% of the University’s annual operating budget. Methodist University is a non-profit 501-C (3) organization, with an operating budget in excess of $37 million. It receives no income or operating support from the state or federal level.
What is funded with gifts?
The most important source of gift income for Methodist University is the annual fund. This is the year-in-and-year-out fund of the College that pays the annual costs for operating a quality academic institution. It includes the mundane but necessary, such as lights, heat, and water, as well as the more attractive like scholarship support, guest lectures, and performances. The annual fund represents the center of the Methodist University fund-raising appeal and the backbone of the support from the church, alumni, parents, corporations, foundations and other friends. Without support for the annual fund, Methodist University could not meet the costs associated with a committed faculty, buildings and ground maintenance, student financial aid, and other requirements of an operating budget. So your gifts to the annual fund, regardless of size, have an important role in the mission and purpose of Methodist University.
While the annual fund is the life-blood of the College, the other opportunities for support are similarly compelling for the quality academic initiatives that define Methodist University. The College provides a measure of permanent significance through gifts for endowments and facilities. Gift lectureships, distinguished professorships, endowed scholarships, and other program endowments are available for naming, ranging from a $15,000 library acquisition endowment to $250,000 to name an academic departmental chair.
Some examples of naming and memorial opportunities are listed below:
|Chair of an Academic Department||$250,000 and above|
|Professor or Staff Position||$100,000 and above|
|Scholarship||$25,000 and above|
|Lecture Series or Performance||$20,000 and above|
|Library Fund||$15,000 and above|
There are others that are determined by interest and availability.
Unrestricted gifts made to the University are used where they’re needed most and will have the most immediate impact on student needs. They support everything from scholarships, library materials, athletic equipment, and faculty recruitment.
Gifts can be restricted for specific purposes including the alumni association, scholarship fund, academic area or program or athletic team. You may restrict the use of your gift by indicating this on your check or with a note.
How do I make a gift?
Gifts may be made by credit card, bank draft, cash, check, gift of stock, land, or gifts-in-kind to the school. Contact the University to learn about the many different planned giving opportunities available.
Is my gift tax-deductible?
Yes. Gifts to the College are deductible for income tax purposes to the extent permitted by law. Be sure to keep receipts for your records.
Make your gift go further
Check with your company’s human resource office or click here to see if they match charitable gifts to colleges and universities. This could double, and in some cases, triple your gift.
Methodist University offers many ways to support your alma mater. We are here to help. Contact the Institutional Advancement Office at (910) 630-7200 or (800) 488-7110 or email at firstname.lastname@example.org.