Gift Accounting 2016 Year-End Processing

An important message regarding the UGA Foundation’s year-end gift processing deadlines:

Over the holidays, the best way for a donor to be sure their gift is made in 2016 is to make an online gift via debit or credit card by midnight, New Year’s Eve. Direct donors to give.uga.edu/commit. Donors may also make a gift by check if the envelope is postmarked in 2016 and received by our office on or before January 6, 2017.

All donations by check received by School/College business or development offices that are postmarked December 31, 2016, should be delivered with the postmarked envelope to Gift Accounting by noon on January 6, 2017. Before delivery, please complete an online deposit transmittal at dar.uga.edu/deposit. Any 2016 donations received after this date will be credited in 2017.

More details about our year-end gift “credit date” are below; however, the date used for tax purposes is ultimately at the discretion of the donor and his/her financial advisor. The Office of Development will have someone available at Milledge Center to assist with year-end gifts on December 26 through 30, between the hours of 9:00 AM and 1:00 PM. They may be reached at (706) 542-8176 or toll free at (888) 268-5442.

If you have any questions about this email, please contact Gift Accounting at gifts@uga.edu or (706) 542-4438.

We wish everyone a happy and safe holiday!

Cash/check gifts will be credited in 2016 if:

  • by mail, the envelope is postmarked in 2016.
  • by hand delivery, a UGA employee receives in 2016 and delivers to Milledge Center by noon on January 6, 2017.

Credit/debit card gifts will be credited in 2016 if:

  • the card is successfully charged by midnight on December 31, 2016. Note that staff will be present on December 29 and 30 to be sure all cards received via mail are charged.

Stock gifts will be credited in 2016 if:

  • by electronic transfer, the stock posts to the UGAF account in 2016.
  • by stock certificate issued in the name of the UGA Foundation, the certificate is dated 2016.
  • by stock certificate in the name of the donor, the irrevocable stock power is signed in 2016.

Personal property gifts will be credited in 2016 if:

  • the deed of gift, warranty deed or other legal instrument transferring ownership is recorded in 2016 or delivered to a representative of the University of Georgia or the UGA Foundation in 2016.