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Towson University Foundation (TUF) and University Advancement Holiday Schedule

As many of you are aware, the end of the calendar year tends to be a busy time for gift processing.  Many donors make their charitable contributions on or around December 31 in order to take advantage of tax deductions for the calendar year.

In order to assist you in your planning, please note the following:

• Donors should be advised to send their gifts via the U.S. postal service to the Towson University Foundation lockbox at the following address:

Towson University Foundation, Inc.
P.O. Box 17165
Baltimore, MD  21297-0219

• Checks that are not sent to the lockbox and are also not made payable to the Towson University Foundation will require a signed Deposit Authorization letter from the original donor. The best way to avoid this processing delay is to encourage donors to send their checks to the lockbox address above.
• For tax receipting purposes, credit card gifts are deductible in the year when the charges occur on the card owner’s account. Donors are encouraged to make their credit card gifts through the TU online giving site at towson.edu/giving by midnight EST on December 31, 2024, to be processed in and receipted for calendar year 2024.
• The IRS continues their interest in ensuring that tax receipts issued for charitable contributions are substantiated with appropriate documentation, which includes verification of the date of gift. For gifts or pledge payments made by check, the postmark date on the envelope confirms the gift date. Therefore, if checks are received on campus, FROM DECEMBER 16, 2024, THROUGH JANUARY 16, 2025, MAILING ENVELOPES MUST ACCOMPANY CHECKS SUBMITTED TO THE TUF OR UNIVERSITY ADVANCEMENT.
• Our last check deposit of 2024 will be on Thursday, December 19, 2024 (checks need to be received by the TU Foundation by close of business on Wednesday, December 18, 2024). Our next check deposit will be on Thursday, January 2, 2025, as we take time off to observe the holiday break.
• In order for donors to be receipted for calendar year 2024, we will accept checks accompanied by envelopes postmarked December 31, 2024, or earlier until Thursday, January 16, 2025. Any gifts or pledge payments received in our office after that date, regardless of postmark date, will be receipted in calendar year 2025.
• PLEASE DO NOT HOLD ON TO CHECKS. Route them to the Development Office as you receive them in order to avoid delays in receipting and acknowledging our donors.
• The TU Foundation and University Advancement will be closed Friday, December 20 – Wednesday, January 1. We will be responding to email and voice mail messages during that time. Please contact one of the following members of the Foundation or University Advancement staff should you have any questions or need additional information:

Todd Langenberg, Associate Vice President, Development x44679 tlangenberg@towson.edu

Jeri Bielas, Assistant Vice President, Development             x46083 jbielas@towson.edu

John Mease, Vice President, TUF                                     x42040 jmease@towson.edu

Brian DeFilippis, Vice President, University Advancement x42358 bdefilippis@towson.edu

Thank you in advance for your assistance and cooperation.

Categorised in: General

This post was written by Powell, Karen