The following questions are among those most commonly asked by prospective donors to the Smith School. For more information, or to arrange a confidential discussion, please email or call one of our development staff.
Do I have different options in making a gift to the Smith School?
You may choose the type of asset (cash or non-cash) to contribute, the giving method (direct or planned), and the initiative you would like to support (a fund, program, scholarship, department, and so on).
May I pledge a gift and spread it out over a period of time?
Pledges to the Smith School Annual Fund must be paid by June 30th of the fiscal year in which the gift was made. Gifts for other purposes in excess of $5,000 can be paid in a maximum of five years.
How can I give online?
Gifts to the Smith School Annual Fund may be made on line quickly and securely. Contact person for gifts other than online gifts: Jessica Davies at 301-405-9460
How should I make my gift to Smith School?
Credit card gifts can be made online or by calling the Office of Development and Alumni Relations at 301-405-9456.
Checks should be made out to University of Maryland College Park Foundation, with a notation that the gift is designated to the Smith School of Business.
Is my gift tax deductible?
Contributions to the University of Maryland are tax-deductible as allowed by law. Please see your tax advisor for details.
The University of Maryland is a state institution and receives public funding. Does my tax money and tuition cover your costs?
Over the last three decades, national and state funding for higher education has decreased steadily. Currently, support from the state of Maryland provides less than 26 percent of the university’s annual operating budget. Like most large public universities (i.e., Michigan and Ohio State) alumni and friends are committing a significant portion of the school’s operating budget through philanthropic gifts.
I was an MBA at the Smith School. How can I financially support the Smith School as an alumnus?
Alumni of the Smith School are comprised of both undergrads and graduate students. Every alumnus plays a critical role in our future success and the value of their degree. We ask all alumni to support the Smith School Annual Fund and whatever additional area of interest he or she may have such as scholarships, faculty enrichment opportunities or academic program growth.
May I make a gift to recognize or memorialize someone?
Yes, you may make your gift in recognition of a special loved one, friend, or colleague, or to memorialize someone who is deceased.
How can I make a gift that will last forever as a tribute to someone?
You may endow your gift so that it lives in perpetuity. The gift's principal will be invested soundly and a percentage of the income generated will be designated as you wish.
May I make a gift through my estate or will?
There are numerous ways to use your estate as a means to take care of loved ones after you're gone, while realizing your philanthropic goals. The Office of Development and Alumni Relations is happy to work with you, your attorney, and financial advisors regarding these opportunities.
Are there other tax breaks or income-producing opportunities for me through my gift?
There are various ways of structuring your gift whereby you will be provided with a stream of income in addition to a tax break. Please contact your finance or tax professional directly, please e-mail or call one of our development staff.
THANK YOU! It’s largely because of generous alumni and friends like you that the Smith School can recruit and retain the world’s leading faculty experts, provide scholarships and a first-tier business education to talented students, and graduate the next generation of business leaders who serve their organizations and communities.