Troy University Foundation
Ways to Support TROY
Like other Universities, Troy University relies on private funding to support its growth. This support may take many forms.
Annual Fund Campaigns
Each year alumni and friends are asked to donate to the Annual Fund Campaign. The Annual Fund is the unrestricted campaign conducted by Troy University annually. Because these gifts allow flexibility in the use of the funds, they are used for programs and projects which have the greatest need. Some of the programs and projects supported by the Annual Fund gifts include scholarships, library enhancement, technology improvements and faculty enrichment grants.
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Faculty and Staff Campaigns
Annually faculty and staff are asked to contribute to the University. Their participation and support provide a concrete expression of their belief in the University. A high level of participation from faculty and staff members demonstrates their commitment to the University which has a positive impact on corporations, foundations and the community.
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Named Scholarships
Many friends and alumni make contributions to the Troy University Foundation in memory or honor of a family member or a friend through the establishment of an endowed scholarship. An endowed scholarship can be established by a contribution of $20,000 or more. This endowment is perpetual because only the income is used each year. An endowed scholarship is an excellent way to honor someone because the fund lives forever.
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Annual Scholarships
These scholarships are awarded as contributions are received. All of the funds are awarded during the year received.
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Restricted Gifts
Many donors restrict their gifts to an academic program, college, department or educational project of their choice. These restricted gifts are applied to the appropriate accounts and used as the donor specifies.
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Planned Gifts
A planned gift is the process through which a gift is pledged but may be completely or partially deferred until sometime in the future.
- A bequest through a will which is an example of a planned gift allows a donor to decide on a contribution years in advance.
- The purchase of a life insurance policy naming the Foundation as the owner is an additional type of planned gift. This method of giving makes it possible for the donor to make premium payments which are tax-deductible.
- Establishing a charitable remainder trust is another planned giving opportunity which allows a donor to make a gift now while receiving a life income. The trust also provides the donor income tax benefits.
Click Here for more information about Planned Giving.
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Corporation and Foundation Support
Corporation and foundation support is an important resource for higher education. They can provide funds for facilities, for special programs, seminars and research projects, for equipment, for scholarships and they can encourage their employees to give through their matching gift programs.
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Memorial Gifts
Many alumni and friends make contributions to the Troy University Foundation in memory of a relative or friend. The Foundation acknowledges receipt of the gift to the donor as well as to the family of the deceased person.
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Gifts-in-Kind
One of the ways to support the University is with a “gift-in-kind.” Examples of this type of gift include building materials, architectural services and real estate. The donor must take the responsibility of assessing the value of their “gift-in-kind.”
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Matching Gifts
Many employers match employee gifts to higher education. Some of the companies match dollar-for-dollar, others match two-for-one and some even match three-for-one. Employees can check with their personnel office to see if the company will match their gift. If the company matches gifts, a matching gift application should be completed and mailed with the donor’s gift.
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Questions about Foundation activities may be directed to the Associate Vice Chancellor for Development at (334)670-3608.
Last Updated: 08/08/2008
