Giving to WIU
Frequently Asked Questions
Please consult this section which answers frequently asked
questions about the WIU Foundation and making private gifts and contributions
to Western Illinois University. If you have a question that does not
appear on this list, or require clarification on any of the answers provided,
please call 309/298-1861, or e-mail us at WIUFoundation@wiu.edu.
- Why does Western need private gift funds?
- Western Illinois University is no longer a state-supported, but
rather a state-assisted University. State dollars currently provide
slightly less than half of the total funding needs of the University.
This percentage is shrinking as higher education continues to compete
with many other demands on state revenue. Since state support is declining
relative to the University's total operating budget and limited increases
can be expected in tuition, private gifts are becoming increasingly
important to Western Illinois University. Private funding supplements
state and federal dollars and supports many special programs and projects
not possible through usual funding sources.
- Are there different ways to make a gift to Western Illinois
University?
- The manner by which you choose to make a gift is a matter of personal
preference and situation. The WIU Foundation offers a variety of gift
options you may wish to explore. Careful planning can maximize the
positive effects of outright contributions such as cash, appreciated
securities, real estate and gifts of personal property, as well as
deferred gifts such as bequests, testamentary trusts, life income trusts,
and gifts of life insurance.
- Who determines how the WIU Foundation's funds are used?
- You, the donor, specify how the gift will be used. Many individuals
choose to support academic departments, scholarship funds or other
causes. In some cases the donor elects to make an unrestricted gift.
Unrestricted gifts also benefit the University by allowing the WIU
Foundation greater flexibility in directing the gift to help students
with worthy programs and improve the educational quality of the institution.
- Where will my gift make the greatest difference?
- Your gift makes a difference wherever it is used. Every gift, whatever
its size, is needed and appreciated by the WIU Foundation. Our staff
works closely with University officials to determine fund raising priorities.
These priorities provide staff with the basis to match donor interests
with academic needs. Staff can also assist donors in structuring philanthropic
plans to meet their personal charitable and financial objectives.
- How big does my gift have to be to make a difference?
- You might be surprised to learn that all gifts, big and small, help
the University. Last year, the WIU Foundation received more than 24,000
gifts from alumni, friends and parents, faculty and staff, corporations,
businesses and foundations, and other organizations. The majority of
those gifts were under $500. When you give, you join thousands of proud
alumni and friends of the University who share your dedication and
enthusiasm for Western Illinois University.
- Can I make a gift payable over a period of time?
- The WIU Foundation is pleased to accommodate donor preferences.
Gift commitments can be fulfilled in annual, semi-annual, quarterly
or monthly installments over a five-year period, or through other arrangements
with the WIU Foundation.
- What happens when I make a pledge over a period of time?
- When making a pledge, our office records your payment schedule according
to your wishes. We send pledge reminders before your scheduled payment
is due.
- May I honor or memorialize someone with a gift?
- Many individuals make gifts in honor or in memory of someone else.
These gifts are a marvelous way of helping students and celebrating
the life of a loved one at the same time. When you make your gift to
WIU Foundation, please include the name and address of the person you
are celebrating. If the person is deceased, include the name and address
of the family. When we receive your gift and accompanying notification
information, we will send a memorial letter to the individual or their
family telling them of your thoughtful gesture.
- What is an endowment fund?
- A gift of at least $25,000 can establish an endowment, a fund that
is invested by the WIU Foundation to fund programs in perpetuity. The
principal remains intact, and interest earned by the endowment is used
to fund the designated programs. Typical spending for an endowment
fund is approximately 4.5 percent. Any additional earnings are reinvested
in the fund to ensure future growth.
- What is the Annual Fund?
- The Annual Fund provides an ongoing source of support for both general
University needs and specific programs. Through the Annual Fund alumni,
faculty and staff, and friends of WIU are contacted to make yearly
contributions to support the work of the University. Also, it provides
our staff the opportunity to maintain and enhance relationships with
alumni by informing them of significant accomplishments, campus events,
and updating personal information. Most annual fund gifts are in the
form of cash, check or credit card payment. You also make a contribution
online.
- What is the Fund for a Greater Western? Fund for a Greater Western
is an unrestricted fund that allows the WIU Foundation the flexibility
to direct resources where they are most needed in order to sustain
and improve the quality of a Western Illinois University education
for current and future generations.
- What is a matching gift?
- Matching gifts are made by employers in support of charitable gifts
given by their employees, retirees, or directors to certain non-profit
institutions such as universities. If you or your spouse work for a
company that has a matching gift program, you can multiply the power
of your gift. Some companies will match the gift one-to-one, and others
will double-match or even triple-match your gift. Contact your human
resources office to obtain the required form. Mail the completed form,
along with your gift, to us and we will do the rest. The amount of
the company match will be credited to your giving total and will be
figured into your contribution for membership in giving clubs. To
see a list of companies that match gifts, click here.
- Can I make my gift with a credit card?
- Yes. The WIU Foundation accepts VISA, MasterCard, American Express and Discover.
- How do I know if the University has received my gift?
- Once a gift has been received and deposited, a formal receipt will
be mailed to you detailing the amount, date receipted, and designation
of your gift. Your gift will be recognized in the annual Gift and Grant
Honor Roll for the appropriate fiscal year, which runs from July 1
to June 30.
- What should I do if my receipt information is incorrect?
- The WIU Foundation strives to ensure the accuracy of donor records.
If the information outlining your gift is incorrect, please call 309/298-1861,
or e-mail us at WIUFoundation@wiu.edu.
We would be pleased to correct the information and replace your receipt.
- Does the WIU Foundation accept gifts of personal property?
- Gifts of tangible personal property such as real estate, special
collections, books, works of art, antiquities, and computer and scientific
equipment can be of value in support of the University's mission. Many
of these items are tax deductible to the extent provided by the law.
- Can I make a gift anonymously and forgo being publicly recognized?
- The WIU Foundation will respect your desire for anonymity and will
not disclose your gift. We are proud to recognize the generosity of
our donors through published donor lists and donor recognition events.
When donors notify us that they choose not to be publicly recognized
for their support, we will accommodate the request. Anonymous donors
must provide personal information for tax purposes, but that information
will remain confidential.
- Do gifts to the WIU Foundation qualify as an income tax deduction?
- The WIU Foundation is a not-for-profit (or charitable) 501 (c) (3)
organization. Contributions to the WIU Foundation are tax deductible
in the manner and to the extent provided by section 170 of the internal
revenue code. It is recommended that you consult your tax advisor regarding
the exact deductibility of gifts to the WIU Foundation.
- What is the cut-off date for my gift to qualify for a tax
deduction?
- Tax-deductible gifts must be postmarked on or before December 31st
of any given year to qualify for a tax-deductible receipt for that
year.
- Where do I send my gift or direct questions?
- We invite you to stop by and visit us anytime. You can send your
gift/check made payable to the WIU Foundation to the address below.
If interested in speaking to a member of our staff, please contact
the WIU Foundation by writing, calling or e-mailing us at:
WIU Foundation
Western Illinois University
1 University Circle Macomb
Sherman Hall 303, IL 61455
Phone: 309/299-1861
Fax: 309/298-1761
E-mail: WIUFoundation@wiu.edu
Finally, if there is someone in particular at the WIU
Foundation you would like to contact, scroll through the list of WIU
Foundation and Development staff or College
and Unit Development contacts to locate that individual.