Alumni Legacy Fund – Making a Gift
Gifts via Credit Card (Online)
- Quickest and easiest way to give!
- Go to the Stanford Medicine Giving Page
- In the special instructions/designation box, Indicate “Biodesign Alumni Association fund”
Gift via Check
- Make checks payable to Stanford University.
- In the memo line indicate, Biodesign Alumni Association Fund
- If you send an accompanying letter, please include the following: “This gift is intended to support the Biodesign Alumni Association Fund.”
- Mail your check to Stanford Development Services, P.O. Box 20466, Stanford, CA 94309-0466
Gifts via Wire Transfer
Individual Name: Stanford University – Development Services
Bank Name: Wells Fargo BankSan Francisco Main Office, 420 Montgomery Street, San Francisco, CA 94104 USA
ABA Routing #: 121-000248
Account number: 4944-863570
Reference: Development Services
- To ensure accurate handling, please send a confirming email to: firstname.lastname@example.org
- This confirming email should include:
- Date Stanford should expect the wire
- Dollar amount
- Sending organization
- Intended department at Stanford – Biodesign Alumni Association fund
For questions or help making your gift, please contact Allie Gregorian with the Stanford Development Office at email@example.com or (623) 332-0844. You can also direct questions to Justin Huelman, or Brandon Felkins.
Need a little more information? Below you will find responses to several frequently asked questions. As we get more questions we will continue to update.
Q: What is going to be the name of this Alumni funded fellowship?
A: The name has not yet been finalized but the working name is the Stanford Biodesign Alumni Fellowship.
Q: What happens if we don’t raise enough money to convert the Alumni Legacy Fund to a fully funded fellowship position?
A: If this campaign falls short of fully funding a named fellowship endowment, rest assured the money will still be used to support a Biodesign fellow. In this case we will still endow the money so the interest it bears can be used to partially cover a fellowship seat. Partial coverage means other funding from other yearly sponsors will still be required to actually cover the cost of a fellow and we will not be able to “name” the position as the Alumni Fellow.
Q: Why was it needed to set a target date to have all pledges received?
A: While we would hate to stop before our ultimate goal is reached, we also need to respect that gifts that have been made were given with the intend they would be put to good use. If we keep collecting money indefinitely, the previous donations will just sit in an unused account. We want to be good stewards of our donors’ generosity and at some point we will need to endow at whatever amount we have (see previous question).
Q: What exactly is a pledge?
A: It is a promise you make to Stanford to donate some total amount over some set period of time. What makes pledges valuable for us is that all the money you pledge is immediately counted towards our goal of funding a fellowship. For example, let’s say you want to donate $10,000 to the fund but you plan to do it $2,000 a year for the next 5 years. The full $10,000 is counted towards our goal in the same year as you make your pledge and first payment. This is great way for us to rapidly complete the fundraise campaign but give everyone a few years to pay for the full gift they intend to give.
Q: Is my gift tax-deductible?
A: All gifts to Stanford are tax-deductible in the United States. There may also be tax benefits for residents in other countries.
Q: What is Stanford’s federal tax ID number? Is Stanford a 501(c)(3) organization?
A: Stanford’s FID # is 94-1156365. The university is tax-exempt under section 501(c)(3) of the IRS code.
Q: I think my employer matches charitable gifts, how does that work?
A: To find out if your company offers a matching program, consult the online database of matching companies. You can also ask your human resources department about your company’s policy. Definitely make sure to look into this option, as you may find out you can significantly magnify your gift.
Q. Will the alumni have the chance to specify the profile of the fellow they would like have awarded the Alumni Fellowship each year?
A: There are no specific plans at the moment have the alumni dictate who receives their fellowship, however is there is strong interest for this among the donors, we can definitely raise this with Biodesign leadership; we are after all giving them $1.2 million dollars.