| How to Contribute |
| There are several ways to become a donor to the Volunteer Athletic Scholarship Fund. To obtain donor benefits, it is important to complete your gift prior to MARCH 1 of each year. Here are just a few of the ways to support the Vols. |
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| Pledge |
| You may pledge to join the VASF at a specific level and then pay the pledge in installments, completing your pledge by March 1. Statements will be sent periodically throughout the year reminding you of the March 1 deadline and the contribution the VASF office has received. |
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| Cash Donations |
| Cash or checks are always acceptable. Gifts are acknowledged by receipt from The University of Tennessee and the Athletic Department. It is important to complete your gift by MARCH 1 of each year to obtain donor benefits. Make all checks payable to The University of Tennessee. |
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| Credit Cards |
| The VASF and Athletic Ticket Office accept Visa, MasterCard and Discover. It is important to list the name of the cardholder, the account number and the expiration date on the contribution card. In order to obtain benefits, your gift must be completed by MARCH 1 of each year. |
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| Bank Drafts |
| By joining the Vol Check-off program, you may have your bank account drafted monthly. To sign up for this option, contact the VASF office. |
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| Matching Gifts |
| Many companies will match your gifts to The University of Tennessee. Please consult the benefits office at your place of employment. You may be able to double or triple the value of your gift and benefits. Your initial gift and matching form must be in by MARCH 1, but the matching gift may be completed throughout the year.
Many companies are not matching gifts if the donor receives any benefit as a result of the gift. Please check with the VASF and the matching company to be sure that the matching sum can be applied to your donor benefits status. If the company chooses to cease matching a donor's gift, the donor is responsible for the entire annual contribution to maintain the same benefits.
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| Gifts of Real Property and Securities |
| Gifts of real property and securities are welcomed and may provide significant tax advantages for donors. Appreciated stocks can be transferred electronically which, in some circumstances, can enable donors to realize significant capital gains tax savings while helping the VASF provide essential scholarship support. Consult your tax advisor for details and/or contact John Currie or Scott Rabenold in the VASF office at (865) 974-1218. Benefits of these gifts must be evaluated on an individual case basis. |
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| Estate Gifts |
| Gifts through wills and bequests can provide you with benefits and the opportunity to sustain your family name through endowed scholarships with The University of Tennessee Athletic Department. Estate gifts can be made with a designated amount, a real asset or a residual bequest. Consult your attorney. The VASF can provide the appropriate wording for inclusion in your planning. Benefits of these gifts must be evaluated on an individual case basis. Contact Scott Rabenold in the VASF office at (865) 9741218 for more information. |
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| Endowments |
| To provide funding for future Vol student-athletes, endowments are essential. The opportunity to fully endow a scholarship with the Volunteers exists at the $150,000 level and entitles you to membership in the Nathan Dougherty Society. These gifts can be made over a ten-year period in equal installments. The VASF office will provide the appropriate agreements to complete the gift. Benefits of these gifts must be evaluated on an individual case basis. Contact Associate Athletic Director John Currie, Assistant Athletic Director David Blackburn or Director of Capital Support Scott Rabenold at (865) 974-1218 for more information. |
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| Life Income Gifts |
| Charitable remainder trusts provide several advantages over cash, securities or real property. They provide the donor with income for a designated period of time or life. They provide the Athletic Department with an endowed scholarship gift upon the completion of the trust or donor's death. Possible tax advantages could exist. Call Associate Athletic Director John Currie, Assistant Athletic Director David Blackburn or Director of Capital Support Scott Rabenold at (865) 974-1218 for more information. You also are encouraged to consult your tax advisor. Benefits of these gifts must be evaluated on an individual case basis. |
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| Tax Information |
| Under applicable provisions of the Internal Revenue Code (IRC), the amount of a contribution that is deductible for federal income tax purposes is limited to the excess of the amount contributed over the value of any goods or services provided to the donor by the University. The Athletic Department will notify you as to the value of any such items. In addition, the IRC provides that 80 percent of an amount paid to or for the benefit of an institution of higher education shall be treated as a charitable contribution if, as a result of the payment, the donor receives the right to purchase tickets for seating at an athletic event in an athletic stadium at the institution. Consult your tax advisor to determine whether these provisions apply to you. In order to deduct 100 percent of your gift you must waive, in writing, all benefits applicable to your VASF donation. |
