Support Penn

Ways To Give to William Penn University 

There are a number of gift options available to you that will provide support to William Penn University. You can choose the way to give your gift that best fits your financial situation. Gift options include:

  • Gifts of Cash
    Cash gifts, the most common form of giving, are as easy as writing a check. You can deduct 100 percent of the gift amount from your federal income tax, so your net cost is less than the face value of the contribution. These gifts can be brought to the Advancement Office in Penn Hall, Room 209 or sent by mail to: William Penn University, Office of Advancement, 201 Trueblood Avenue, Oskaloosa, IA 52577.
     
  • Online Giving 
    Giving online is the quickest and easiest way to donate. Whether you would like to make an immediate gift or set up a recurring gift through your credit card or an electronic funds transfer we make that simple for you. 
     
  • Giving through Electronic Funds Transfer (EFT)
    Now you can make a gift to William Penn without ever writing a check. You may already use EFT to pay your monthly bills such as your utilities, insurance, and mortgage so you know how secure and convenient it is.  You know exactly when the amount will be automatically debited from your bank account.

  • By Phone
    Call the Advancement Office and make a gift over the phone using your MasterCard, Visa, or Discover credit card at 641-673-1044.

  • Matching Dollars
    Your gift could be doubled or even tripled. Many companies match employee, employee spouse, or retiree gifts to non-profit organizations.  Ask your Human Resources Department to find out if your gift qualifies for a match.
     
  • Gifts of Appreciated Securities
    Giving appreciated stocks and bonds, is an excellent way to support our programs at William Penn University. This type of gift usually qualifies not only for the income tax deduction associated with all charitable gifts, but also eliminates capital gains tax.

  • Gifts of Real Estate
    The tax benefits of appreciated real estate gifts are identical to those of appreciated securities – an income tax charitable deduction for the full fair market value of the property and elimination of capital gains tax on your profit.
     
  • Charitable Gift Annuity
    In addition to a tax deduction, this type of gift also guarantees you a fixed income for life, partially tax-free. The annuity payment you receive is determined by your age and the age of any other beneficiary you name at the time of the gift.
     
  • Charitable Remainder Trust
    A "CRT" can provide you (and your spouse if appropriate) lifetime income and cash flow, a current income tax deduction, and at the same time, you avoid all capital gains and future estate taxes. 
     
  • Bequests
    Bequests included in Wills enable people to make significant contributions that might not be possible during their lifetime. When you make a bequest to William Penn University, your taxable estate is reduced by a 100 percent deduction for the amount of a cash gift, or by fair market value of appreciated assets. 

    The official bequest language for William Penn University is: “I, (name), of (city, state, zip), give, devise and bequeath to William Penn University (written amount or percentage or residual of the estate or description of property) for its unrestricted use and purpose.

    William Penn University Federal ID # 42-0707120
     
  • Life Estate
    Instead of giving cash or securities to fund a gift, you may prefer to give the university ownership of your home while retaining life use for yourself. You may also want a survivor (perhaps your spouse) to be allowed to enjoy life occupancy, too. By deeding the property to William Penn University now, based upon your life possession, you may benefit from a sizable current income tax deduction. 
     
  • Life Insurance Gifts
    An often-overlooked asset that can be used to fund a gift is life insurance. You can name William Penn University as beneficiary or a percent beneficiary of a policy that is no longer needed for its original purpose or you can transfer actual ownership of the policy or buy a new policy for the benefit of the university. Your gift will entitle you to an income tax deduction and future premium payments will be tax deductible. 


Contact Us

For more information on giving, contact the Office of Advancement at 641-673-1044 or recks@wmpenn.edu.

If you have made a provision for William Penn University in your estate plans, please contact Marsha Riordan at 641-673-1045 or riordanm@wmpenn.edu to ensure appropriate documentation is recorded.