Reunion Giving FAQ↑ Back to Top
1. Why will I be asked to support Barry University during a Reunion year?
Barry University depends upon the generosity and spirit of each Reunion class to sustain Barry’s commitment to educate future leaders in all walks of life. Your gift will have an important and far-reaching impact on the University.
Everyone in your class will be encouraged to participate in the Reunion Gift. Our goal is 100% participation from each member of a class that is celebrating a reunion year.
In addition to supporting the current operations of the University through the Annual Fund, you will be asked to consider a meaningful capital gift within Reunion Giving timeframe and/or through your estate plans.
Barry University staff is available to help you explore creative ways to structure your gift to best meet your family, financial and philanthropic goals.↑ Back to Top
2. How will my gift be used?
Student scholarships, faculty positions, research efforts, and academic or student life initiatives can all be supported by your reunion gift. We encourage you to consider what purpose would have special meaning for you. Our on-line giving pages list some existing funds you may choose to support. (www.barry.edu/giving)↑ Back to Top
3. How can I create a planned gift as my Reunion gift?
Planned giving can include a variety of financial vehicles such as the creation of a charitable remainder trust or as simple as a bequest to Barry University in estate plan. Smaller gifts can be made to existing funds or may be unrestricted. A new endowed scholarship fund can be initiated with a current gift in honor of your 50th Reunion and plans can be put in place to fully fund it at a later date with additional lifetime gifts and/or through your estate.↑ Back to Top
4. How is my Reunion Gift used if I designate it as unrestricted?
Unrestricted gifts help cover the annual costs of the University that are not fully covered by tuition, fees, or endowment income. The main areas of support include:
- Student financial aid, which meets the financial needs of nearly 90% of the student body;
- Instructional services, for support of the faculty, libraries, academic programs and equipment, and educational technology;
- Student services, for athletics, counseling services, musical and theatrical performances, and student organizations; and
- Institutional services, to help meet campus care needs and administrative costs.
5. What counts in the Reunion Gift?
The Reunion Gift is comprised of two separate components: current gifts which provide support to the University today (made during the 2012 fiscal year) and future gifts which will provide support in years to come. Please consider making a gift in both categories in honor of your Reunion.
The timeframe for current gifts begins July 1st following your Reunion fiscal year and continuing until June 30th of your Reunion fiscal year. Pledges for gifts that will be fulfilled within the four years following your Reunion are also included. Current gifts include the following:
- Annual Fund gifts and pledges, as well as BUC Club gifts and pledges
- Gifts or pledges of cash, securities, mutual funds, IRA account distributions or other liquid assets
- Life income gifts established or pledged, including:
- Charitable Gift Annuities (minimum gift $10,000)
- Pooled Income Funds (minimum gift $10,000)
- Charitable remainder trusts (minimum gift of $100,000 if Barry University is to serve as trustee)
- Distributions or grants from charitable lead trusts, donor advised funds or family foundations
- Estate plan gifts received by June 30th of the Reunion year
- Gifts of tangible personal property, real estate, life insurance policies or other non-liquid assets
- Employer matching gifts
Provisions creating future gifts to the University must be established and documented by June 30th of your Reunion year. Future gifts include the following:
- Specific or residuary bequests in a will or living trust
- Beneficiary designations for retirement accounts, bank accounts, annuities and life insurance policies
- Revocable remainder interests in a charitable or traditional trust or a donor advised fund
- Gifts pledged on behalf of an employee by an employer’s charitable giving program
- administrative costs
6. How can I make my gift?
For current gifts, Barry University accepts cash, checks, credit cards and transfers of securities or IRA assets. Credit card gifts may be made by mail, by calling Toll-free: 1-800-756-6000 ext. 3170 or by making a gift online at Barry University’s website: www.barry.edu/giving. For information on making a gift of securities or IRA assets, please call Victoria Champion at 305-899-4063.
Barry University can also help you establish a current or future planned gift to support the University. Life income gift vehicles including charitable gift annuities, pooled income funds and charitable trusts provide both income to you (and your chosen beneficiaries) and a gift to the University. Unusual assets including personal property, business interests or inventory, or real estate can be used to support Barry University. A provision in your estate plan such as a bequest or a beneficiary designation can also be a part of your Reunion Gift. We will gladly work individually with you to determine the best way to structure a planned gift to achieve your personal financial and tax planning objectives as well as your family and philanthropic goals.
Please contact Victoria Champion (305-899-4063 or firstname.lastname@example.org) if you would like to learn more about planned gift opportunities.↑ Back to Top
7. What about corporate matching gifts?
Many companies sponsor matching gift programs and will match charitable contributions made by their employees. You can double and in some cases triple the amount of your gift to Barry.
To find out if your company has a matching gift program, you can contact us at 305-899-4918 or 305-899-3170. If you already know that your company matches charitable contributions, you can contact your human resources department for instructions on how to fill out the matching gift form.
Once you fill out the form, mail it to:
Barry Annual Fund
11300 NE Second Avenue
Miami Shores, FL 33161
8. How can I create a named or endowed scholarship gift?
The minimum gift to establish a new endowed scholarship fund is $50,000. Some alumni will choose to establish or add to their own endowed funds, establishing scholarship guidelines to specify scholarship award guidelines. Others will give to a scholarship fund previously established or make unrestricted endowment gifts. With a gift of $5,000 or more, you can create a current use named scholarship. You can support scholarship at any level by designating your gift to the Barry University Scholarship Fund. For more information on creating an endowed scholarship gift or current use named scholarship gift, please contact Paul Muite, Director for the Annual Fund at email@example.com or (305) 899-3170.