Giving FAQ

 

What is Penn’s federal Tax ID number?

The University of Pennsylvania's Tax ID Number is 23-1352685.
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What are the tax advantages of giving to Penn?

Donations to Penn, during your lifetime or through your estate plan, are tax deductible in accordance with IRS guidelines and supported by a receipt from Penn’s Treasurer’s Office. We encourage donors and their financial advisers to explore the significant tax advantages of planned gifts by contacting our Office of Gift Planning.
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Can I donate tangible property to Penn, such as art or real estate?

Through Penn’s Office of Gift Planning, it’s possible to donate real or personal property to Penn and realize tax advantages or income. It is also possible to designate proceeds from the University’s sale of your donated property to a specific Penn program.
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Can I make a gift of stock or securities to Penn?

It’s easy to use the online giving form to make a gift of stock to Penn. Simply choose “Securities gift” from the drop-down menu, and follow the steps outlined on the form. Donors with questions regarding gifts of stock should contact Securities Gifts by calling 215-898-7254, e-mailing gifts@upenn.edu, or writing to:

Securities Gifts
427 Franklin Building
3451 Walnut Street
Philadelphia, PA 19104-6205

Please be sure to contact your broker to initiate the transfer.
Firm: Morgan Stanley Private Wealth Management, attention: Kristine Marrone, 610-260-8531
DTC: 0015
Customer Name: University of Pennsylvania TaxID: 23-1352685
Account Number: 858-010018-019
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I live outside of the United States. Can I still receive tax benefits from my gift?

Non-U.S. residents seeking information on giving to Penn should consult our international giving page for details on qualified tax funds around the world, helpful links to global Penn resources, and contact information for our International Development office.
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I am a UK taxpayer. Can I participate in UK Gift Aid programs?

Penn’s UK Foundation may receive matching funds on eligible gifts made by UK taxpayers. For information on how to claim Gift Aid, click here.
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I am a Hong Kong taxpayer. How can I make a gift to Penn?

Gifts can be made in Hong Kong or U.S. dollars or equivalents (checks, bank drafts, etc.) and should be payable to the University of Pennsylvania (HK) Foundation, Ltd. Payments can be mailed or wired, or gifts of stock can be given. When making your gift, please include your contact information, the purpose of the gift, and how you would like to be acknowledged to ensure your gift is accounted for appropriately when granted to the University.

We regret that we are currently unable to accept online gifts to the Hong Kong Foundation.

For more information on making a gift as a Hong Kong taxpayer, click here.
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How do I find out if my company will match a gift to Penn?

Your donation to Penn may multiply in value with a gift match. Many employers will match charitable contributions made by an employee, or an employee’s spouse or partner. Consult your employer’s HR office to find out your company’s matching gifts policy and obtain forms. Penn’s matching gifts database contains data on many companies that match gifts. You can also call the Matching Gifts Program at (215) 898-5069 or e-mail devgifts@dev.upenn.edu for information on matching gifts eligibility and procedures.
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Can I designate my gift for a specific purpose?

You can make a gift to Penn for unrestricted use, or direct your gift to a specific school, program, or priority area. The online giving form gives you drop-down menus that make it simple to choose.
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How do I use the online giving site to find a specific fund?

To search for a fund, enter a key word in the search (select) box at the upper right corner of the screen. If the keyword matches one or more funds, a list will appear below the search box. Highlight the desired fund in the list and click the “Select” button.
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What if I cannot find the fund I am looking for using the online giving site?

Some funds may not be available for online giving. Please contact the Gifts Office to make your gift by calling (215) 898-2672, or e-mail devgifts@dev.upenn.edu.
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Can I make a gift to Penn over time?

You can pledge a gift to Penn and arrange a payment schedule of up to five years.
You can also make a recurring gift to the University through our online giving form.
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What is the difference between restricted and unrestricted gifts?

While gifts to Penn can be directed to a variety of purposes, all gifts fall into one of two categories: “unrestricted” or “restricted.”

UNRESTRICTED GIFTS
a. Annual Giving. Annual Fund gifts support the immediate operating expenses of the University and its schools and centers in the current fiscal year. There are many annual giving funds at Penn, including The Penn Fund and funds within schools and centers. Annual Fund gifts are used in their entirety to support the designated unrestricted fund.
b. General Purpose. Unrestricted gifts may be made to the University, or to a school or center, as a General Purpose gift to be used entirely at the beneficiary’s discretion.

RESTRICTED GIFTS*
a. Program Gifts. Program gifts establish and support specific initiatives and activities at the University and its schools and centers. Examples include restricted gifts to support faculty, specific areas of research and scholarship, curricular development and other core priorities.
b. Endowment Gifts. Gifts that create endowment funds are generally designated for specific purposes agreed upon by the donor and the University at the time the donation is made. They generate annual income from investment returns, as determined by a spending rule set by the Board of Trustees.
c. Capital Gifts. Gifts made to capital projects, including construction and renovation of facilities, or facility improvement.

*Restricted endowment and program gifts are typically subject to an indirect cost recovery policy which provides that a portion of program gifts or income from endowment funds be retained by the school or center, to be applied to offset the full costs associated with the specific restricted gift purpose. These costs include school or academic center expenses that are necessary to support the endowment or gift program, such as lighting, heating, and other facilities costs, and administrative costs incurred by the schools and centers such as information technology, safety and security, human resources, finance, treasury, audit, and fundraising.
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What is the deadline for my annual gift to count in this year’s total?

Your gift must be received by June 30th to count towards the current year.
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How will my gift to Penn be recognized?

Penn has developed a number of donor recognition programs, publications, and societies. Naming opportunities for facilities, academic programs, faculty positions, and student scholarships are available at a variety of giving levels. University-wide donors are recognized in the annual publication People Supporting Penn. Many schools and centers have their own publications and giving societies, as do Gift Planning, The Penn Fund, and other specialized programs.

You should specifically designate your gift as “anonymous” if you do not wish your name to appear in donor reports.
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