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Faculty/Staff Gift/Pledge Foredoom INFORMATION Dr. Mr. Ms. Name ___ Work Phone ___ FacultyDepartment ___ Email Address ___ StaffCOLLEGE OF EDUCATION CAMPAIGN GIFT/PLEDGE WOULD LIKE TO: MAKE A CONTRIBUTION
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Make a gift refers to the process of transferring assets or property from one person to another without receiving anything in return.
Individuals who make gifts exceeding the annual exclusion limit are required to file a gift tax return, commonly known as Form 709.
To fill out a make a gift form, provide the donor's information, the recipient's information, details about the gift, including its value and date of transfer, and any applicable exclusions or deductions.
The purpose of making a gift is to transfer wealth, assist others financially, or support charitable causes without expecting anything in return.
The reported information typically includes the donor's name and address, recipient's name and address, description of the gift, date of the gift, and the fair market value of the gift at the time of transfer.
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