British Schools and Universities Foundation, Inc.

 

 

 

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To contact BSUF please send e-mail to info@BSUF.org

 

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    Ways to Make Gifts to the BSUF  
       
   

Gifts made by check should be mailed to:

British Schools and Universities Foundation
575 Madison Avenue, Suite 1006
New York, NY 10022-2511

Gifts are fully deductible; no goods or services are offered.  Accounting and legal guidance should in all cases be sought from your own professional advisers.  Whilst BSUF has general business experience which you may draw on, BSUF is not permitted to offer tax or legal consultation.

MATCHING GIFTS - your employer may have a Matching Gift Program which could double or triple the value of your gift.  Your employer will provide you with a form, which, when completed should be sent along with your check to BSUF.

MEMBERSHIPS

So that we can continue to grant 100% of donations we receive would you please consider becoming a member of the BSUF, upgrading your membership or making a donation in support of BSUF operations.  You can download a BSUF Donor Transmittal Form to send a check, or use a credit card as explained below.

Annual Membership: Associate $100; Fellow $250; Sustaining $500

Life Membership: $5,000

CASH GIFTS

Cash gifts may be made to the Foundation expressing preference for support of an Approved InstitutionChecks should be made payable to British Schools and Universities Foundation, Inc. (or BSUF) and postmarked on or before December 31st to qualify for current-year tax deduction.  If you send your donation directly to the BSUF please use the BSUF Donor Transmittal Form.  If you send your donation to the US representative of the Approved Institution please use the Donor Transmittal Form included in the mailing you received.

CREDIT CARDS

You can donate by credit card using the Network For Good which charges a fee of $10 for "on-line checks" or 5% of your credit card donation.  Please use an "on-line check" if possible.  For example, if you make a donation of $10,000 by credit card BSUF will receive $9,525, if you give the same amount by on-line check BSUF will receive $9,990, $465 more that can be used for future grants.

To do so:

1.  Go to www.networkforgood.org
2.  In the box headed "Enter Keywords" that is about 2 inches down from the top left of the dialog box enter BSUF and click the "Search" button.
3.  You should get a screen headed Donate that shows "British Schools and Universities, Inc."  Click on the name.
4.  Click the "Donate Now" button.
5.  In the box headed "I want to contribute" enter the amount you want to donate (not less than $10).
6.  Indicate whether this is a one-time gift or recurring gift at what frequency.
7.  Choose a Privacy Preference. Please choose to provide your name and e-mail address, we won't send you anything but a thankyou.
8.  In the box headed "Designation" enter the name of the Approved Institution you would like to benefit from your gift or one of the BSUF internal funds (see below).
9.  Enter any dedication you wish to make.
10.  Click "ADD TO GIVING CART" at the bottom left.
11.  Click "PROCEED TO CHECKOUT" at the bottom right.
12.  Sign in as a previous with your password or as a new donor.
13. Choose "CREDIT CARD" or "ONLINE CHECK".

The BSUF internal funds are:

The Ward Fund which supports scholarships
The General Fund which supports BSUF work as a whole.
Associate membership dues - $100 (please specify new or renewal)
Fellow membership dues - $250  (please specify new or renewal)
Sustaining membership dues - $500  (please specify new or renewal)
Life membership - a one-time contribution of $5,000.  You may designate the Ward Fund as beneficiary if you wish.  The Ward Fund is used to pay for BSUF Scholarships.

SECURITIES

In giving gifts of marketable securities donors could realize significant tax benefits.  Please see Instructions for Donating Securities.  To contact BSUF regarding a gift of marketable securities please send e-mail to treasurer@BSUF.org

MAJOR FUNDS

Individual funds for a dedicated objective within the Foundation's Statement of Purpose may be set up in the case of large donations.  To contact BSUF regarding a major donation please send e-mail to treasurer@BSUF.org

CHARITABLE REMAINDER UNITRUST

A Unitrust designating BSUF as remainder beneficiary affords the donor an immediate charitable tax deduction in the year the trust is created.  The trustee pays the donor income during his/her lifetime or that of any other living non-charitable beneficiary the donor may designate.  at the death of the income recipient the trust passes on to the BSUF as charitable donee; donors may express a preference for an Approved Institution.  To contact BSUF regarding a Charitable Remainder Unitrust please send e-mail to treasurer@BSUF.org

INDIVIDUAL RETIREMENT ACCOUNTS

IRAs can be made much more tax efficient by naming the BSUF as a beneficiary with an expression of preference for an Approved Institution.  This relieves the Estate of (a) the Distribution and Income Taxes which are levied by most State governments; and (b) of part of the regular Estate tax.  To contact BSUF regarding an IRA please send e-mail to treasurer@BSUF.org.

In 2007, those over age 70-1/2 may find it advantageous to have contributions made from their IRA directly to a charity without paying taxes on the amount withdrawn.  The rules are complex, and individuals should consult their own professional advisors for guidance.

BEQUESTS

A provision may be made in your Will or Trust bequeathing money to the Foundation.  The Suggested Bequest Form is intended only as a provision in a full Will or Trust containing all appropriate articles.  To contact BSUF regarding a bequest please send e-mail to treasurer@BSUF.org

TRANSFER OF PRIVATE FOUNDATION ASSETS TO BSUF

Some British institutions had established their own Private Foundations in the US over recent years.  They are now finding that they have failed to satisfy the tax regulations of the US Internal Revenue Service, or that the administrative burden of maintaining the Private Foundation year after year is more than their volunteers can cope with.  One solution is proving to be the transfer of such remaining assets to a Public Charity such as BSUF.  To contact BSUF regarding a transfer of assets please send e-mail to treasurer@BSUF.org

 

                                  
The BSUF accumulates small gifts whose donors express preference for the same institution until funds are available for a significant grant, because bank fees consume an undue share of small foreign remittances