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Ways to Give

Ways to Give to the FIU College of Business

Tax Strategies

Top Tax- Saving Year-End Strategies for Charitable Giving from the FIU Office of Development and Alumni Relations

Cash

Credit card or personal check online of by mail.

Appreciated Securities, Stocks and Bonds

Considerable tax benefits to the donor.

Endowed Gifts

Grow your contribution over time and leave a lasting legacy by yielding funding in perpetuity. See our existing endowed scholarships.

Estate and Planned Gifts

A donation from your estate plans, enables the donor to give without affecting their income, protect their heirs and in some cases provide added income.

Matching Gifts

Many employers sponsor matching gift programs for charitable contributions made by their employees. Some even match gifts made by retirees and/or spouses. Before making your gift, find out if your organization will match it, by checking our database, and double the impact of your gift.

Annual Giving

Immediately available support on an ongoing basis that is vital to the success of the college.

Gifts made every year that are used to address top priorities for the areas to which they are designated.

Unrestricted current use funds that provide the dean and department heads, maximum flexibility to new opportunities or meet unexpected needs.

Where does my gift go?

Gifts may be designated by donors as restricted or unrestricted. Unrestricted gifts (without designations) are funds that the dean of the College can allocate to any academic department, school, or program based on where they are needed the most.

Restricted gifts have designations that support specific activities in the College of Business. Funding priorities include academic departments, financial aid for students, faculty support for research and teaching, and specialty funds for unique educational experiences.

At the request of the donor, gifts can be designated entirely for immediate use or for an endowment which is a permanent fund that is invested. FIU endowments follow specific policies regarding how much is needed to create an endowment to ensure impact, and how much is available to be spent each year while preserving the principal.

The College of Business has more than 100 funds which can be divided into broad categories:

  • Dean's office funds to promote excellence across the College of Business
  • Department funds to promote excellence in specific academic areas
  • Scholarship funds to promote student success
  • Specialty funds to enhance unique areas or interests
  • Advisory boards which engage the wider community in the life of the College

Click here for a list of funds that are currently open and available for donors to support.

Frequently asked questions about Giving to the College of Business

  • What is the purpose of "annual giving"?

    Annual giving provides funding in addition to the resources received through tuition and state allocations. This funding is appropriated in the year donated and is sometimes called a "margin of excellence".

  • Are annual gifts budget relieving or budget extending?

    Annual gifts can increase existing budgets in the College of Business when given to a specific department or program. Gifts that are "budget relieving" usually underwrite a particular activity without increasing the budget for that area. These types of gifts help reduce the overall percentage of the budget that is funded through tuition and state allocations in order to meet existing needs.

  • How much was received last year to be used at the discretion of the College of Business?

    In 2023-2024, nearly $400,000 in cash was designated for use by the dean or individual departments, most of which was "budget extending."

  • How can I designate my gift?

    Donors may also choose program areas such as student scholarships, faculty research, academic programs, and/or student activities. Advisory board members are encouraged to consider supporting the individual academic department or program in which they are serving.

  • How many advisory boards are there in the College of Business, and how do they work?

    Advisory board members are ambassadors who give generously of their time and expertise to promote the college to others. They place FIU among the top charities they support financially and help FIU with recruiting and placement of students. Advisory board members themselves enjoy the opportunities they have to network with other members of the FIU community.

    The College of Business has 17 advisory boards - the state of Florida requires each academic department at FIU to have an advisory board. They represent a wide variety of dynamic academic interests.

  • What are the giving levels associated with annual giving?

    More than 2/3 of donors to the College gave between $1 and $999 in FY24, and gifts of all sizes are appreciated. The group of donors who contributed $1,000 or more in FY24 represent more than 90% of the total dollars received each year by the College of Business. Their annual support is recognized as part of the Leadership Annual Giving program.

  • What are endowments?

    Endowments are permanently held funds where the principal is invested for long-term growth. Endowed funds can be used to create a legacy in perpetuity at FIU or to memorialize or honor someone important to the donor. Endowments are a dedicated income center, with about 4% of the endowment market value spent each year based on an investment calculation formula.

  • What if I want to set up my own endowment?

    The COB welcomes those who want to set up permanent named endowments. The minimum amount requested is $25,000, and a conversation with the Advancement team at the COB will help you create an endowment that is meaningful to you.

    A number of existing endowments at FIU have been created with the intention of being open to any donor who wishes to contribute. Please contact the COB Advancement Office if you would like more information on endowments that are open to receiving additional contributions.

    Find more information on endowments here.

  • What is charitable estate planning (a.k.a. planned giving)?

    Estate and planned giving describe the process used by donors to intentionally plan how they want their assets to be utilized at the end of their lifetimes. Working with the FIU advancement team, donors are encouraged to decide which areas are most important to them to support. This process is most successful when independent financial and legal advisors are also involved. Charitable gift planning enables donors to explore how they can provide for their family and make very generous donations to FIU at the end of their lives.

  • What are examples of planned gifts?

    Bequests, beneficiaries of retirement plans and/or life insurance policies, charitable gift annuities, and trusts are a few of the most popular types of planned gifts.

    For the latest information about charitable gift planning, visit the FIU planned giving portal.

  • What is the EIN # at FIU for tax purposes?

    FIU EIN #: 65-0177616