UCI and the UCI Foundation Disclosure Statements for Donors
To reduce UCI’s impact on the environment and printing costs, and provide prospective donors with the most up-to-date Disclosure Statements, UCI has posted this information online. These statements will inform you of how your contact and donor information may be used, the governance of the Foundation, the application of administrative fees, and the management of endowed funds.
- Date of Gift
- Donor Advised Funds
- Donor’s Consent for Public Acknowledgement
- Endowment Investment
- Gift Deductibility/ Tax Status/ID Number and Governance
- Goods and Services
- Pledge Binding Obligation
- Pledge Future Considerations
- Privacy Notice
- Receipts
- Value of Stocks & Bonds
Date of Gift
Ordinarily, a contribution is made at the time delivery is effected. If a taxpayer unconditionally delivers (or mails) a properly endorsed stock certificate to a charitable donee or the donee’s agent, the gift is completed on the date of delivery (or mailing, provided that such certificate is received in the ordinary course of the mails). If the donor delivers the certificate to his bank or broker as the donor’s agent, or to the issuing corporation or its agent, for transfer into the name of the donee, the gift is completed on the date the stock is actually transferred on the books of the corporation. (Section 1.170A-1 of the Federal Income Tax Regulations)
Donor Advised Funds
Gifts for which a donor is entitled to receive any return benefits should be paid by individuals or entities other than a Donor Advised Fund.
Donor’s Consent for Public Acknowledgement
The university is grateful for the support it receives from alumni, parents and friends. One of the ways we express our thanks is by listing the names of donors in web-based and/or printed publications. Should you wish that your name not appear as a donor, please contact our Gift Administration Office at 949.824.0142.
Endowment Investment
Gifts to endowments are held in perpetuity and are managed and invested in accordance with UCI’s endowment investment policies. The total return earned in excess of the amount approved annually for payout will be retained in the endowment principal to protect from the effects of inflation and to allow for growth. At the Chancellor’s discretion, when the payout is not needed for purposes of the fund, the return of payout may be added to the endowment fund principal. Gifts directed to Regental endowments supporting UCI are invested in a similar way to gifts made to The UCI Foundation.
Gift Deductibility/ Tax Status/ID Number and Governance
The University of California, Irvine Foundation (“UCI Foundation”) (Tax ID 95-2540117); the Regents of the University of California (Tax ID 95-2226406); and the UCI Alumni Association (Tax ID 23-7237163) are nonprofit, public benefit corporations. Your gift qualifies for tax-deduction in accordance with IRS regulations during the calendar year that you make your gift. Consult your tax professional for more information.
The UCI Foundation is organized for the purpose of encouraging voluntary private gifts, trusts, and bequests for the benefit of the University of California, Irvine (“UCI”) campus. Responsibility for the governance of the Foundation, including investments, is vested in its Board of Trustees. The Regents of the University of California is organized for the purpose of administering a public trust for the University of California by a 26-member board. The form and composition of this Corporation, its duties, and its powers are prescribed by the provisions of Section 9 of Article IX of the Constitution of the State of California.
Goods and Services
Unless otherwise stated on your mailed receipt, no goods or services were provided in connection with your gift; or the value of any goods or services fall within the definition of “low cost articles” under Section 513(h)(2) of the Internal Revenue Code. If you receive a benefit at a later date as a result of this gift, you will be informed of its fair market value at that time.
Pledge Binding Obligation
The donor intends this gift and/or pledge to be fully enforceable against the donor to the extent that the obligation has not been satisfied by gifts completed following the date of this gift and/or pledge.
Pledge Future Considerations
The Foundation and UCI are grateful for the Donor's support of the campus and are committed to fulfilling the Donor’s objectives reflected in this Agreement. As research and academic programs move forward, there is the possibility that it may become impracticable for this Gift to serve the specific purpose of the stated intentions. If this unlikely circumstance should occur, UCI will consult with the Donor, if possible, or the Donor’s estate, if practicable, and the UCI Chancellor shall direct that the Gift be devoted to UCI purposes that the Chancellor deems to be most consistent with the Donor's wishes.
Privacy Notice
The 1977 California Information Practices Act requires UCI to inform individuals asked to supply information about themselves of the following: UCI is requesting this information to update the general resource files of its External Affairs Department. Furnishing the information is strictly voluntary and will be maintained confidentially. The information may be used by other University departments in the regular course of business, but will not be disseminated to others except if required by law. You have the right to review your own data file. Inquiries should be forwarded to CFO, The UCI Foundation/Assistant Vice Chancellor, University Advancement; 100 Theory, Suite 250; Irvine, CA 92617.
Receipts
Gift receipts are provided for every donation received by UC Irvine and the UC Irvine Foundation.
Value of Stocks & Bonds
In general, the mean between the highest and lowest quoted selling prices on the date of the gift is the fair market value per share or bond. If there were no sales on the date of the gift, but there were sales on the dates within a reasonable period both before and after the date of the gift, the fair market value is determined by taking a weighted average of the means between the highest and lowest sales on those dates. The UCI Foundation uses this method to calculate the contribution value listed on your receipt.
