Cooper Medical School of Rowan Univerisity
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Types of Gifts

CMSRU accepts many types of charitable gifts, from the simplest use of a check or credit card, to more complex gifts including, but not limited to, securities, capital assets, life insurance, and bequests. We invite you to contact us for a more detailed discussion of your options for supporting CMSRU.

Remember that you may be able to increase your support through matching funds made available by your employer or that of your spouse or partner!

Click on each heading below to see more information about each type of gift.

Cash Gifts (Cash, Check, Credit Card)

Gifts made via cash, check or credit card -- grouped under the term Cash Gifts -- are the most common and popular means of providing support. Making a cash gift is quick, easy, and helps provide needed funds immediately. You can make a credit card gift online through our secure page -- just click the "Ready to Make a Gift?" button to the left. Checks should be made payable to The Rowan University Foundation. Please use the memo line to specify CMSRU. Checks can be hand delivered to a member of our team or mailed to:

Rowan University Foundation
Shpeen Hall
201 Mullica Hill Road
Glassboro, NJ 08028

We do not recommend that you send paper currency through the mail. If you wish to make a gift using actual cash, please personally hand it to a member of our team in a sealed envelope with a note that specifies your desire that the cash should support CMSRU.

We provide the convenience of fulfilling a commitment over a period of time through multiple credit card payments or automatic pre-authorized withdrawals from your checking account (ACH). Please call us to make these arrangements or fill out the ACH authorization form.

If you would like to wire* your cash gift, please use (or have your banker use) the following information:

To: State Street Bank & Trust Company, Boston, MA
ABA: 0110-000-28
FBO: Rowan University Foundation, Income Account V9X2
DDA Account: 5922-416-2
Attention: Jessica Baker

Securities

Your gift of securities, particularly appreciated stock, offers two tax-smart advantages -- a charitable income tax deduction and the elimination of a capital gains tax. There are three ways to transfer securities to CMSRU/The Rowan University Foundation: electronic transfer, US mail, or hand delivery.

If you would like to wire* your gift of securities, please use (or have your broker use) the following information:

To: State Street Bank & Trust Company, Boston, MA
From: Broker's Name
DTC: 0997
For Account: V9X2 - Rowan University Foundation
Agent Bank: 26022
Attention: Jessica Baker

For mail or hand delivery of certificates, you (or the registered certificate holder) should complete the back of the certificate(s), assigning the appropriate number of shares to the Rowan University Foundation. Place the unendorsed certificate(s) and a cover letter (including your name, address, and purpose of the gift) in one envelope. In a second envelope, place a signed, signature-guaranteed, stock power form (you can obtain one from your broker or local bank). The stock power form must be signed, but do not complete the form.

Send the two envelopes to us using registered mail or drop by the Rowan University Foundation office to deliver the envelopes in person.

The Rowan University Foundation
Shpeen Hall
201 Mullica Hill Road
Glassboro, NJ 08028

For tax purposes, the date of the gift is the date on which the Foundation assumes complete control of the securities. For securities sent through the mail, the gift date is the postmark date on the envelope. For hand-delivered and non-US mail, the credit date is the date received. For securities held in an account, credit is given the day the securities are transferred into our account. The donor receives a full credit of the mean value of the stock on the gift date. The Rowan University Foundation's policy is to sell securities as soon as possible, then apply the resultant funds to the purpose you have specified.

Electronic Transfers

We are happy to accept gifts of securities via electronic transfer. If a broker holds your stock, notify your broker that you wish to make a gift of securities to the Rowan University Foundation. Be certain to indicate the name of the stock you want to transfer, the number of shares, and how you would like the gift to be use once it is received by the Foundation. If you would like to wire* your gift of securities, please use (or have your broker use) the following information:

To: State Street Bank & Trust Company, Boston, MA
From: Broker's Name
DTC: 0997
For Account: V9X2 - Rowan University Foundation
Agent Bank: 26022
Attention: Jessica Baker

Capital Assets

It may be to your financial advantage to make a gift of capital assets. Capital assets include real estate, art collections, insurance policies, antiques, jewelry, stamp/coin collections, and other items of this nature. The advantage of a capital assets gift depends on your circumstances. These gifts can be particularly beneficial in reducing future estate taxes to be paid by your heirs.

Charitable Gift Annuities

A charitable gift annuity is a great way to support CMSRU while providing you with income, a charitable income tax deduction, and professional investment management. A charitable gift annuity allows you to donate assets to the Rowan University Foundation in exchange for a guaranteed payment for tax purposes as a combination of non-taxable income, capital gains income, and ordinary income.

Charitable Lead Trusts

A charitable lead trust is a managed trust that enables you to transfer your assets to your heirs at reduced gift and estate tax costs and transfer the full appreciated value of assets to beneficiaries with no further gift and estate tax at the termination of the trust. A charitable lead trust pays an annuity, or fixed percentage of the assets, to the Rowan University Foundation for a specified number of years. At the end of this period, the assets are passed on to the beneficiaries named by the donor.

Life Insurance

You may name CMSRU/Rowan University Foundation as an irrevocable primary or contingent beneficiary (should the primary not survive you) of a new or fully paid life insurance policy. That policy's cash value at the time of the donation is deductible as a charitable contribution. You may also continue paying the premiums after donating a policy, in which case the premiums are tax deductible as well.

Bequests & Planned Gifts

Bequests often establish a named gift fund (scholarship, memorial fund, etc.), honoring the memory of yourself or a loved one. In addition to leaving a legacy at CMSRU, naming the Rowan University Foundation as a primary or contingent beneficiary in your or your spouse's will can reduce the amount of federal estate tax your heirs are assessed.

There are a number of other creative planned giving vehicles that will help you plan your estate and legacy for future generations. We will be happy to work with you and the Rowan University Foundation's Development Director for Planned Giving to help you be a good steward of the resources you intend to leave behind.

*For all wire transactions, please contact Peggy Veacock at the Rowan University Foundation prior to initiating to ensure proper handling.