Support the Important Causes in Your Life
Harness the Giving Power of a Private Foundation
A donor advised fund, which is like a charitable savings account, gives you the flexibility to recommend how much and how often money is granted to Wayne State University and other charities.
You transfer cash or other assets to a tax-exempt sponsoring organization such as a public foundation. You can then recommend-but not direct-how much and how often money is granted. In addition, you avoid the cost and complexities of managing a private foundation.
In return, you qualify for a federal income tax charitable deduction at the time you contribute to the account. This also allows for a centralized giving and record-keeping system in one location.
An Example of How It Works
Joe and Laura want to give back to their hometown by putting their money where it will do the most good. They establish a $25,000 donor advised fund with a community foundation.
The couple receives a federal income tax charitable deduction for the amount of the gift. They also get all the time they need to decide which charities to support.
After researching community needs with the foundation’s staff, Joe and Laura recommend grants for WSU (which they've supported for years) and the Animal Rescue League. The foundation presents the charities with checks from the Megan Fund, which Joe and Laura named in honor of their granddaughter. Joe and Laura are delighted to start this personal legacy of giving.
Support What Matters
Learn more about donor advised funds. View and download the FREE guide One-Stop Giving: The Convenience and Simplicity of Donor Advised Funds.View My Guide
Donor Spotlight Elizabeth Buc
“Although I attended three separate universities, my support goes to Wayne State because of the impact it has had on my career, the relationships with faculty and others that were formed, and the important educational role it will continue to play for future students.”
Donor Spotlight Mildred Kaye
“I have greatly enjoyed meeting the students who receive scholarships from our fund. I recommend that everyone consider creating an endowed scholarship fund!”
Donor Spotlight Marie A. Tront
“Attending Wayne State was one of the most rewarding experiences of my life. I want to be sure that the intellectual stimulation of an urban university is there for future generations. By naming Wayne State in my trust, I can make a larger gift than I would be able to by check.”
Donor Spotlight Mel Janowitz
“I am a strong believer in charitable gift annuities as a pension supplement. I have two at Wayne. The interest rate is many times what I can get elsewhere, and it is only partially taxable. With a CGA to Wayne State, I can arrange for the money to be used to help needy students, support research endeavors, or help fill other needs.”
Donor Spotlight Austin & Daniel Kanter
“Wayne was there for me when I needed it. We wanted to give back. The marvelous letters from the scholarship recipients have brought great pleasure over the years. Harriet would have enjoyed them.”
- Evaluate a sponsoring organization to make sure it supports your interests, values and the type of asset you are considering as a funding source.
- Get to know the organization's policies and procedures-from minimum contributions to administrative fees. Each organization handles these details differently.
- Contact Tina Daniels at (313) 577-8346 or firstname.lastname@example.org to discuss using donor advised funds to support WSU and our mission.
- Seek the advice of your financial or legal advisor.
- If you include WSU in your plans, please use our legal name and federal tax ID.
Legal Name: Wayne State University
Address: 5475 Woodward Ave, Detroit, MI 48067
Federal Tax ID Number: 38-6028429