Annual giving is the backbone of any educational institution or non-profit organization. At Heinz College, we depend on these annual gifts to stay competitive with peer institutions and to maintain our high standards of quality.
Our Annual Giving Campaign runs from July 1-June 30 every year. Contributions can be made to a wide variety of funds: scholarships, internships, awards and general operations.
Endowment gifts assist Heinz College over the long term by providing funds in perpetuity for critical needs. With an endowment contribution, only a small portion of the gift (generally 4-5%) is spent each year; the rest is invested with the university's endowment. The investment and expenditure policies for the endowment are determined by Carnegie Mellon University's Board of Trustees.
Some examples of endowment gifts are:
- General Endowment: gifts of any size are accepted for the general endowment of the school, which is used for scholarship support, student awards, faculty salaries, capital expenditures, facilities or investment in new initiatives.
- Endowed Named Scholarships: start at $50,000 and provide scholarship support for students.
- Endowed Named Professorships: start at $1 million for visiting professorships, $1.5 million for career development professorships or $2.5 million for full professorships. Named professorships provide the school with important resources to recruit and retain faculty.
- For more information on endowment gifts, please contact the Heinz College Development Office.
Planned gifts are not only valuable tax planning tools, but can be a wonderful way of providing
- Bequests: Remember to name Heinz College in your will or as a beneficiary of your 401k, retirement plan or life insurance policy. If you notify Heinz College of your bequest intention, you will be included in membership in the university's Warner Circle.
- Gifts of property or appreciated assets: These can also be contributed to the college and can provide the donor with significant tax savings.
- Other Planned Gifts: The university has a professional and knowledgeable staff able to work with you and/or your tax or legal advisor on a wide range of tax planning vehicles such as charitable remainder trusts, life income plans, gift annuities, etc. If you are 60 years of age or older, you may want to learn more about these and other planned giving options that provide tax shelters or income streams to donors.