There are several ways to make your gift to Alcorn State University. Below are just a few for your consideration.
If you have any questions, please do not hesitate to contact us.
Giving to Alcorn
The Alcorn State University Foundation, Incorporated, in administering gifts, acts in a fiduciary capacity. All gifts are administered in strict compliance with the instructions of the donor. When a gift is not accompanied by instructions, it is administered as an unrestricted gift; that is, it is used to fulfill the greatest needs of Alcorn State University as determined by the board of directors and the officers of the Foundation, and the president of the University.
In regard to the establishment of special funds, such as scholarship funds, the Foundation recommends that details for the administration be worked out by the donor and a representative of the Foundation, and written instructions for the administration of the funds be drafted and signed by the donor and the Foundation.
All gifts or donations made to Alcorn State University via check, money order, cashier’s check, etc. should be made payable to Alcorn State University Foundation, Inc. or ASU Foundation, Inc.
Online
Click Here to doante now using your Credit Card/Debit Card to make a secure online Gift
Phone: 601-877-6296
Mail Check or Money Order to:
Alcorn State University Foundation, Inc.
1000 ASU Drive #810
Lorman, MS 39096-7500
Payroll deduction for Alcorn Employees
- Gifts in Kinds
- Real Estate
- Planned Gift
- Matching Gifts
Don’t forget, your gift goes even further if your company matches gifts! To find out if your employer matches, please visit https://ww2.matchinggifts.com/alcorn or ask for the matching gift form at your company’s Human Resource office.
Cash
A donor’s cash gift should be made by check or money order drawn payable to the Alcorn State University Foundation, Incorporated and mailed to the Alcorn State University Foundation, Incorporated, 1000 ASU Drive #810, Alcorn State, Mississippi 39096-7500. You may give the Foundation up to 50 percent of your adjusted gross income and claim it as a deduction. Should your gift exceed half of your income, you may claim deductions, over a five-year period.
Acknowledgement Policy Letter
Beginning January 1, 2018, all gifts of $250.00 and below made to the Alcorn State University Foundation, Inc. will only receive an emailed Acknowledgement/Thank You letter. Gifts above $250.00 will continue to receive a letter through the U.S. Mail. Additionally, all donors are reminded and strongly encouraged to always include your email address along with your gift to ensure receipt of your acknowledgement letter. This policy change is being made in response to the rising costs of printing and postage. We appreciate your understanding and continued support.
Requests By will
The simplest form of bequest is a provision in a will making an outright gift of money or property to the Alcorn State University Foundation, Incorporated. Gifts through your will are not subject to Federal Estate Taxes and thus substantially reduce the tax liability of your estate. If you wish, you may restrict your gift to a particular department or program. Also, you may direct that the corpus be held in trust, with only the income being used.
The basic wording for your will which your attorney will need, is “I give, devise, and bequeath to the Alcorn State University Foundation, Incorporated, organized. chartered, and operated under the laws of the State of Mississippi, with offices at Room 517 Walter Washington Administration Building, Alcorn State University, Alcorn State, Mississippi, the sum of $_______________ (percentage of your estate, a specific amount, or the particular item of property you are giving).”
Securities
Gifts of stocks or bonds held for more than six months may be the easiest and most advantageous way to help the University. If the securities have gained in value, you can, by giving them outright, avoid paying capital gains tax and also claim a deduction for the fair market value (what you paid plus the appreciated value).
If securities have depreciated in value, it is usually best to sell and give the proceeds, since you can then take a tax loss on the drop in value and also deduct the proceeds as a charitable gift.
Land and Equipement
Land deeded to the Foundation is not taxable in the estate of the donor. He or she may retain full income, or a percentage of the income during their lifetime.
Special teaching and research equipment is required in almost every field of study. In many scientific disciplines, constant progress demands the purchase of the most recent equipment frequently of highly technical nature. Cash contributions for this purpose or gift in kind of useful equipment are appreciated and can be receipted as donations at fair market value.
Contact
Feel free to contact any member of the Institutional Advancement Office staff to learn more about the Always Alcorn
Annual Fund Campaign.
Dr. Marcus D. Ward ’00
Vice President for Institutional Advancement | Executive Director, Alcorn State University Foundation, Inc.
[email protected]
(601) 877-6296
Mr. Casey Mock’13
Finance & Accounting Manager, Alcorn State University Foundation, Inc.
[email protected]
(601) 877-6296