HOW TO CONTRIBUTE (METHODS OF SUPPORT) There are several ways to become a donor to the Tennessee Fund. Here are just a few of the ways to support the Vols and Lady Vols: ONLINE GIVING
Pledge
The Tennessee Fund is proud to offer the ability to make a gift to the Tennessee Fund online. New donors joining for the first time or existing donors looking to renew their gift should visit www.tennesseefund.org
You may pledge to join the Tennessee Fund at a specific level and then pay the pledge in installments, completing your pledge by March 1. Statements will be sent periodically throughout the year reminding you of the March 1 deadline and the contribution balance remaining.
All donors to the Tennessee Fund have an online account. If you are visiting the site for the first time and are a current Tennessee Fund member, please call the Tennessee Fund office to receive your AD number then register using a valid e-mail address. All new Tennessee Fund members can register directly online.
Benefits of Visiting Your Account Online • View Your Priority Points • View Your Giving History • Update Your Mailing Address • View Your Current Seat Location • Contribute Online – Contributing online is secure, saves time and postage, and provides immediate confirmation that your gift has been received.
Cash Donations Cash or checks are always acceptable. Gifts are acknowledged by receipt from The University of Tennessee and the Athletic Department. Make all checks payable to The University of Tennessee Foundation.
Credit Cards The Tennessee Fund and Athletic Ticket Office accept VISA, MasterCard and Discover. It is important to list the name as it appears on the credit card, the account number, the expiration date, and the three digit security code from the back of the credit card on the contribution form.
Bank Draft By joining the Vol Check-off Program you may have your bank account drafted
monthly. Please include a voided check along with your completed contribution form via the envelope enclosed. For more information on the Vol Check-off program, contact the Tennessee Fund office at (865) 974-1218. *Each year donors must resubmit the account information needed by the Tennessee Fund office to continue the bank draft. *To stop the bank draft option, please submit a letter in writing to the Tennessee Fund office notifying us of your decision. Donors will be expected to fulfill any outstanding balance at that time. *If your account shows insufficient funds 3 times during any point of your Tennessee Fund membership, your ability to use bank draft as a payment option will be stopped.
Matching Gifts Many companies will match your gifts to The University of Tennessee. Please consult the benefits office at your place of employment. You may be able to double or triple the value of your gift and benefits. Your initial gift and matching form must be in by March 1, but the matching gift may be completed throughout the year.
Many companies are not matching gifts if the donor receives any benefit as a result of the gift. Please check with the Tennessee Fund and the matching company to be sure that the matching gift can be used for donor benefits. If the company chooses to stop matching a donor’s gift, the donor is responsible for the entire annual contribution to maintain the same benefits.
Gifts of Real Property and Securities Gifts of real property and securities are welcomed and may provide significant tax advantages. Appreciated stocks can be transferred electronically which, in many circumstances, can enable donors to realize significant capital gains tax savings while helping the Tennessee Fund provide essential scholarship support. Benefits for these gifts must be evaluated on an individual case basis.
Estate Gifts Gifts through wills and bequests can provide you with benefits and the opportunity to sustain your family name through endowed scholarships with The University of Tennessee Athletic Department. Estate gifts can be made with a designated amount, a real asset, or a residual bequest. Consult your attorney. The Tennessee Fund can provide the appropriate wording for
inclusion in your planning. Benefits for these gifts must be evaluated on an individual case basis.
Endowments To provide funding for future Vol and Lady Vol student-athletes, endowments are essential. The opportunity to fully endow a scholarship with the Volunteers exists at the $250,000 level and entitles you to membership in the Nathan Dougherty Society. These gifts can be made over a 10-year period in equal installments. The Tennessee Fund office will provide the appropriate agreements to complete the gift. Benefits for these gifts must be evaluated on an individual case basis.
Life Income Gifts Charitable remainder trusts can provide current tax advantages while providing the donor with income for a designated period of time or life. They provide the Athletic Department with an endowed scholarship or operating fund gift upon the completion of the trust or donor’s death. You also are encouraged to consult your tax advisor. Benefits for these gifts must be evaluated on an individual case basis.
Tax Information
Disclaimer: The following information is not intended to constitute legal advice or other tax counsel and may not be relied on as such. Please consult a personal tax advisor concerning the deductibility of any contribution to the Tennessee Fund. Under applicable provisions of the Internal Revenue Code (IRC), the amount of a contribution that is deductible for federal income tax purposes is limited to the excess of the amount contributed over the value of any goods or services provided to the donor by the University. The Athletic Department will notify you as to the value of any such items. Under current IRC provisions, no more than 80 percent of an amount paid to or for the benefit of an institution of higher education may be treated as a charitable contribution if, as a result of the payment, the donor receives the right to purchase tickets for seating at an athletic event in an athletic stadium at the institution. You should consult your tax advisor to determine whether these provisions apply to you. If you choose to waive all applicable benefits, you must sign a written waiver at the time you make your Tennessee Fund donation.
“Playing By The Rules” NCAA Compliance The athletic programs of this University are governed by the rules and regulations of the National Collegiate Athletic Association (“NCAA”) and the Southeastern Conference (“SEC”). Current NCAA regulations require that, if you, as a donor to the University of Tennessee athletic program or any person directly or indirectly related or affiliated with you, violate any of the rules and regulations of the NCAA or SEC, the University must disassociate itself from you and any future University related benefits or privileges available to you will be terminated. Your participation in this program and your acceptance of benefits and privileges available from the University as a part of this program is your acknowledgment and agreement that, in the event of any such finding by the NCAA, the SEC or the University, all future benefits and privileges will be canceled and/or forfeited by the University.
For more information visit www.plannedgiving.tennessee.edu FUND 24 TENNESSEE 2012 MEMBERSHIP GUIDE
UTSPORTS.COM UTLADYVOLS.COM
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