Frequently Asked Questions

• What is the University of Chattanooga Foundation?

  The University of Chattanooga Foundation exists as a repository for gifts aimed at benefiting the University of Tennessee at Chattanooga. Our mission is to provide the necessary resources to support distinctive programs and promote bold initiatives that enrich the educational experience at the UTC.

• Can I create income with my gift?

  Yes! The University of Chattanooga Foundation has many plans for Gifts That Pay You Income. You can also provide income for a child, a grandchild, a parent, or a friend. That income can increase cash flow now and/or during retirement, pay for a college education, provide income for aging parents, or perhaps assist a loved one with special needs. You can also provide income to the University of Chattanooga Foundation by using a Charitable Lead Trust.

• I am unable to make a current gift, but I'd still like to support the University of Chattanooga Foundation in the future. Any ideas?

  An easy and low-cost way to make a gift to the University of Chattanooga Foundation is to include the University of Chattanooga Foundation in your will or revocable trust. Gifts by Will are a major source of endowment support at the University of Chattanooga Foundation. Each individual legacy contributes to our financial strength and ability to meet the needs of our students. If you have not already done so, please consider putting the University of Chattanooga Foundation in your will or revocable trust. See our Bequest Language page for samples of how to do this. You can also designate The University of Chattanooga Foundation the beneficiary of Life Insurance, annuities, or Retirement-Plan Benefits.

• What asset should I use to make my gift?

  While cash or a check is a simple way to make a gift, you might want to consider the following:

  Gift Type	Possible Benefits
  Cash	Current income-tax deduction Generate income
  Appreciated securities, such as stocks, bonds, or mutual funds	Elimination or reduction of capital-gain tax Current income-tax deduction Generate income
  Transfer of residential, commercial, or undeveloped real estate	Elimination or reduction of capital-gain tax Income- and estate-tax savings Generate income Relief from management
  Donate an interest in closely held or family business stock	Reduce the cost of passing the business to heirs Income- and estate-tax savings Generate income
  Give us tangible personal property like art, books, or collectibles	An income-tax charitable deduction
  Make the University of Chattanooga Foundation the owner and beneficiary of life insurance or annuities	Income- and estate-tax savings

   

• Can I direct how the University of Chattanooga Foundation will use my gift?

  Most often the answer to this is “yes”! Many donors direct that their gifts be used to fund programs, support specific departments, or remember a loved one. Please be sure to discuss this when you make your gift.

• How will the University of Chattanooga Foundation recognize my gift?

  If your gift is a bequest commitment, or through life insurance, life-income plans, or lead trusts, you will become a permanent member of the Legacy Society. Donor stories have a major impact on future giving, and we may ask you if you’re willing to share your philanthropic story. Of course, we will honor any requests for gifts to be anonymous.

• Why should I consider a gift to the University of Chattanooga Foundation?

  Gifts are made for many different reasons. Often gifts are made:

  • To express gratitude for the education you received.
  • To honor a loved one.
  • To ensure the University of Chattanooga Foundation will remain a vibrant and strong place for future students.
  • To celebrate a special occasion.

Please contact UTC Advancement for more information.