WHY IS YOUR HELP SO IMPORTANT?
Donors’ yearly involvement through ticket purchases and annual giving is paramount to a much needed operating budget. Annual giving contributes to student-athlete scholarships and operating expenses, which are critical to helping our teams stay competitive. Gifts of all sizes impact all areas of athletics.
Methods of Giving
Annual Cash Gifts
Gifts of cash, check, or charges to Visa/MasterCard/Discover, made payable to Langston Development Fund, Inc.
Annual Gifts-In-Kind
Gifts of items or services (such as catering, hotel accommodations, printing, travel, etc.) which would normally be purchased by the LU Athletics Department.
Endowed Gifts
Endowed gifts provide on-going benefits for LU Athletics and are essential to a successful future. Endowment gifts may be lump sum or paid over a period of years, and may be restricted to a particular athletic program.
Matching Gifts
Many corporations match the gifts their employees make. Before selecting matching gift on the pledge card, please check your company’s criteria to be sure it will match an athletic-related gift.
Deferred or Planned Giving
An increasingly popular method of giving is the charitable remainder trust. There are two varieties of trust, a charitable remainder unitrust and the charitable remainder annuity trust. Both can be funded through a gift during a donor’s lifetime or through a testamentary disposition. Both provide life income for the donor and/or a designated beneficiary(ies).
Life insurance can become a gift of much greater value than the actual money expended when the policy is given to the University through the LU Foundation, which is named the beneficiary. The donor either may pay up the entire policy or make annual contributions to the Foundation for the cost of the premiums.
The Langston University Foundation, Inc. often is named as a beneficiary in the wills of University alumni and friends. The donor may elect to leave all or part of an estate to benefit the University.
FAQ’s
We encourage all LU alumni and fans to join the Lion’s Pride Club by donating money to the LU athletic department. Membership in the Lion’s Pride Club includes membership to all individual sport clubs such as the Gridiron Club (Football), the Hoop Club (Men’s Basketball), the Fast Break Club (Women’s Basketball), the On-Deck Club (Softball), the Runner’s Club (Cross-Country), and the Sprinter’s Club (Track & Field). Become a member of the LU Athletic family’s growing success.
When Does the Membership Year Begin/End?
The Lion’s Pride Club membership year runs from July 1 through June 30 of the following year. A concentrated solicitation takes place annually beginning in late May or early June. The annual giving campaign is conducted by staff members of the athletic department.
Where Does the Money Go?
All monies generated through the campaign helps to support scholarships, recruiting efforts, equipment, travel, and all other sports related costs.
What are the Different Giving Levels?
There are many different giving levels and gifts may be unrestricted or restricted to any one or more of LU’s ten (10) intercollegiate sports. The Lion’s Pride Club operates on a pledge system which allows annual gifts and gifts-in-kind to be paid in a single payment, semi-annually, or quarterly. Full payment of the pledge is due by June 30 of each year.
Is My Gift Tax Deductible?
Your contribution is tax deductible to the extent allowed by law. Please consult your tax advisor concerning deductibility issues.
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