Giving

Giving to YOUR
University of Illinois Bands

FY 12 Annual Campaign

No major band program in the country can survive without annual giving from their loyal alumni and fans. Our first annual campaign (FY 11) was a HUGE SUCCESS, and everyone will see the fruits of that effort.  We must continue this with more givers and higher levels to promote the progress we all want to see with UI Bands.

We need your regular support for the current band program! Currently we are in our FY12 annual campaign with a $120,000 goal.  We welcome challenge gifts and specific purpose gifts.  Every donation goes toward our FY12 goal.  (July 1, 2011 - June 30, 2012)

Download Full Color Flyer HERE

FY12 Donation Stewardship

Most all of the $120,000 goal will go toward instruments/equipment. You will see the results of your gifts immediately!

Special Donor Reward for FY12 Annual Campaign!

Any donor that gives $1000 or more during the FY12 campaign will receive an "Illinois Sash" or "UI Cape" from the previous (recently retired) band uniforms. All have been pre-selected and are in beautiful condition. This gift has been approved by the state of Illinois and these coveted keep-sakes are suitable for framing. 

How Do I Give?

UI Bands can take gifts in many formats.  The University is set-up to accept planned gifts, transfer of stocks, and so forth, but the most common ways to give remain by check and by credit/debit card on-line. 

Give securely on line:

If you would prefer to mail a check, please mail to:

University of Illinois Bands
1103 South Sixth Street
Champaign, IL 61820

Contact Rebekka Kaupat at rkaupat2@illinois.edu or by telephone at 217-333-3025 for more information.

The Gift of Time

The University of Illinois Bands and the Band Alumni Network are in need of regional representatives. In general, we would ask that regional alumni representatives contact every band alumni in their state (e-mail list provided) once a month to let them know news from the Band Alumni Network and from University Bands. Easy, fun, and rewarding for all. If you are interested in helping, please contact Rebekka Kaupat at 217-333-3025 or email her at rkaupat2@illinois.edu.

Creating a Legacy of Excellence

A significant portion of the University of Illinois Bands' annual and endowment income comes from realized bequests and other types of deferred gifts from our alumni and friends. Donors who remember the Illinois Bands in their estate plans provide critical funding to establish scholarships, awards, fellowships and other student and faculty support. There are many creative ways to establish a planned gift for the Illinois Bands.

Bequests and Living Trusts

The most common method of deferred charitable giving is that of a bequest through one's will. This can be in the form of property, a specific dollar amount, a percentage of the remainder value, or a contingency on survivorship of a spouse or other beneficiary. The sample language illustrates how a bequest or a gift through a living trust can be accomplished, and is intended to be used for educational purposes rather than as advice.

Specific Bequest

A specific bequest gives a specific item or specific piece of property. Such bequests are fulfilled first, before cash and residuary bequests.

I give ________________ (describe asset) to the University of Illinois Foundation, a not-for-profit corporation, located in Urbana, Illinois, to further the objectives and purposes of the University of Illinois Bands.

Cash Bequest

A cash bequest provides a specified sum of money from a donor's estate. These bequests are fulfilled second, after specific and before residuary bequests.

I give _____ Dollars ($_____) to the University of Illinois Foundation, a not-for-profit corporation, located in Urbana, Illinois, to further the objectives and purposes of the University of Illinois Bands.

Residuary Bequest

A residuary bequest is made from the residue, or what remains in a donor's estate after specific and cash bequests, taxes, settlement costs and debts are satisfied.

I give the residue (or _____ percent of the residue) of my estate to the University of Illinois Foundation, a not-for-profit corporation, located in Urbana, Illinois, to further the objectives and purposes of the University of Illinois Bands.

Charitable Gift Annuity

An attractive - income generating - gift often considered by donors is a charitable gift annuity. It is a contract between you and the University of Illinois Foundation whereby the Foundation agrees to pay a fixed annuity to a maximum of two beneficiaries (immediately or deferred) in exchange for the irrevocable transfer of assets by you to the Foundation. A portion of the annuity payment may be income tax-free, and an income tax deduction may be allowed for the difference between the value of the gift and the present value of the annuity. The remainder amount is then available to University of Illinois Bands as initially described by the donor.

Deferred Gift Annuity

Similar to a Charitable Gift Annuity in that a donor makes a gift now and receives an immediate income tax deduction, however, in the case of a Deferred Gift Annuity the donor will begin receiving the annuity payments at a  future pre-determined date. Due to the compounding of the gift's income, the amount of the annuity payments can be significantly greater than the annuity payments under the Charitable Gift Annuity. In both cases, financial support of the University of Illinois Bands is the eventual outcome.

Estate Note

An estate note is an irrevocable pledge that is legally binding against the donor’s estate. Individual Retirement Account/Other Pension Plan - A donor may designate the University of Illinois Bands as the specific or contingent beneficiary of an IRA through the University of Illinois Foundation. At the death of the donor, all or a portion of the unused funds in the account pass to the Foundation and, as such, will be exempt from any applicable federal estate taxes. Charitable Bequests of Pension, Keogh and IRA Death Benefits - Because death benefits payable to an individual beneficiary of a qualified retirement plan may have income tax as well as estate tax consequences, it often is best to name the University of Illinois Bands through the University of Illinois Foundation as the death beneficiary.

Life Insurance

The University of Illinois Foundation may be designated as the owner and beneficiary of a life insurance policy to support the University of Illinois Bands. Subsequent premium payments made by the donor are tax deductible.

Retained Life Estate

Donors may wish to gift their home, or farmland, and retain a “lifetime interest” so they can live there after ownership has been transferred to the University of Illinois Foundation. An income tax deduction based on the property’s current market value and the life expectancy of the donor is allowed. However, while living on the property the donor is responsible for real estate taxes, maintenance and improvements.

Charitable Remainder Trust

Cash and marketable securities may be placed into a charitable remainder trust. When the trust is created, the donor determines either a fixed percentage of assets payout (unitrust) or a fixed dollar amount payout (annuity). When the trust matures either at the death of the donor or the last beneficiary or at the end of a specified term, the University of Illinois Foundation receives the remainder, which then would be used to support the University of Illinois Bands.

Testamentary Transfers to Charitable Trusts

The IRS has also approved the transfer of qualified plan assets to charitable remainder trusts. The income beneficiary may begin withdrawal from the trust immediately, and if the beneficiary is other than a spouse, there would be significant estate tax savings. There also would be no immediate income tax on a charitable remainder trust funded with assets from a retirement account.

The University of Illinois Foundation gift planning staff will provide advice and assistance to those wishing to support University of Illinois Bands through a future gift.

For more information about establishing a planned gift within the University of Illinois Bands please contact Sally Bernhardsson, Director of Development, at (217) 244-4119 or sallytb@illinois.edu.