Each year the generosity of our alumni and friends provides essential assistance to our students in need and enriches the educational experience. Now more than ever, private gifts are vital to our school's ability to remain a leader in training the next generation of information professionals.
Philanthropic gifts provide essential financial
Your Gift is Your Voice
A gift to the Maryland iSchool is your statement of support. It speaks to your belief in the importance of information education and Maryland as a national leader in preparing the next class of professionals. Here is how your gift makes an impact:
Assists People and Advances Programs
We rely significantly more on financial support from alumni and friends than you may realize. Nationally, there has been a steady erosion of state and federal funding for higher education over the last three decades. In Maryland, tuition and fees cover just 51% of the cost to educate a student. Private support doesn’t just make up the other 49% but opens doors of opportunity beyond the classroom and the textbook.
Influences opinion-makers and Increases the Value of Your Degree
The percentage of alumni who give to the school is a factor in the US News and World Report rankings. Having a dedicated alumni community is also an important characteristic that appeals to prospective students, corporate partners and your fellow alumni.
Student Award Winners
iSchool Fund Descriptions
Bruce Ambacher Archives and Digital Curation Fellowship
Established in 2015 in honor of Dr. Ambacher and his important role in transforming the archives profession and Maryland’s Archival specialization the fellowship offers financial support to an outstanding student enrolled in the Archives and Digital Curation specialization of the MLIS program.
Christine Glaab Law Librarian Fellowship
Established in 2016 by John Glaab, this fellowship honors the memory of Christine Glaab, her career in law libraries and her dedication to life-long learning. This fellowship provides a full year of financial support to a graduate student from West Virginia interested in a career in law librarianship.
Frank G. Burke Fellowship Fund
Established in August 1995 by History Associates, Inc. to commemorate Dr. Frank G. Burke, former Executive Director of the National Historical Publications and Records Commission, Acting Archivist of the United States from 1985-1987 and Professor Emeritus of the College of Information Studies at the University of Maryland. Income from this fund shall be used to support fellowship awards, made in the name of Dr. Burke, for students enrolled in the History and Library Science (HiLS) program in the College of Information Studies.
Helen A. Tegnell Memorial Scholarship Fund in Library & Information Studies
Established in December 1982 by a donation from Col. and Mrs. Russell M. Tegnell in memory of their daughter, Helen A. Tegnell. The spendable income shall be used to provide financial assistance to worthy students enrolled in the MLIS or PhD programs in the College of Information Studies.
iSchool Alumni Chapter Scholarship Fund
Established by the iSchool Alumni Chapter, the spendable income shall be used to provide financial assistance to students with demonstrated financial need who are currently enrolled in a graduate degree program at the iSchool.
LSSI Scholarship Endowment
The LSSI Scholarship Endowment was established in June 2000 by Library Systems & Services, LLC. Spendable income from the LSSI Scholarship Endowment provides an annual award for a part-time student enrolled in the College of Information Studies at UMCP.
Mary Lee Bundy Scholarship
The Mary Lee Bundy Scholarship was established in March 2007 by William G. Wilson. Spendable income from the Mary Lee Bundy Scholarship provides annual scholarships, made in memory of Dr. Mary Lee Bundy, for MLIS students enrolled in the College of Information Studies who are planning on careers in public librarianship.
MIM Alumni Scholarship
Established in 2012 by the alumni and friends of the MIM program, this fund provides academic support to a student enrolled in the MIM program based on financial need and academic excellence.
Myra Wilson Scholarship
Established in 1999 in memory of Myra Wilson, a graduate student from the College is awarded a scholarship to assist him/her in preparing for a career in law librarianship, public library reference service, or international librarianship.
Noyes Library Association Scholarship
Fund Established in April 1988, by the Noyes Library Association of Kensington, Maryland. The spendable incomes shall be used to provide financial aid for students in the College of Information Studies.
The Turner Family Optimal Social Solutions Endowed Scholarship
Established in 2016 by Mark and Tracye Turner Family and Optimal Solutions Group this scholarship will provide financial assistance to an outstanding undergraduate student enrolled in the BSIS program who demonstrates academic merit, need and an application of information science to economics, environmental studies, public policy or another area of social science.
The Barbara Van Dongen Fellowship
Established by Barbara Van Dongen, an alumna of the College's School Library Media program, this is an annual award given to a student enrolled in the school library media specialization of the MLIS program. This award was established in 2015 by Dr. Barbara Van Dongen, MLS 1990, and Dr. Richard Van Dongen.
The Barbara Van Dongen School Library Media Scholarship
Established by Barbara Van Dongen, an alumna of the College's School Library Media program, this scholarship is awarded annually to one student currently enrolled in the School Library specialization at the College of Information Studies.
The Gloria Davidson Excellence in School Library Media Award and Fellowship.
Established by Gloria Davidson, MLS 1976, these two awards support the school library media specialization of the MLIS program. The Fellowship is awarded to an outstanding iSchool graduate student, enrolled in the School Library specialization, who also demonstrates financial need. The Best Project Award is awarded to an iSchool student for his/her outstanding work or project in or involving a school library.
Gloria Davidson Excellence in School Librarianship Award
Is awarded annually to an outstanding student in our School Library Media specialization who has been nominated by faculty for this award.
Beyond these Walls:
Student Travel and Research Fund Established in 2012, this fund provides financial support to allow students to attend local and national conferences, present research and gain experience and exposure to professionals in our field.
Dr. Dana Rotman Travel Fund
Established in 2013, the Dr. Dana Rotman Travel Fund remembers a truly unique member of our information community whose love of conferences, peer to peer collaboration and networking was at the heart of her educational experience. This fund provides financial support for doctoral students enrolled in the iSchool to attend a conference where they have been selected to present a paper, lead a workshop or are playing a significant role that impacts their academic career.
College of Information Studies Excellence Fund
The iSchool Excellence Fund is an important way to support the College of Information Studies, as it allows the Dean to immediately address the areas of greatest need. Central to the school’s priorities are providing student aid, bridging gaps in research funding, investing in innovation and rewarding outstanding academic achievement.
By making a gift to this fund you are assured that your gift is being used to support the current and vital needs of the College to ensure excellence at Maryland’s iSchool.
Anne Scott MacLeod Children’s Literature Endowment
Established in February 2000 by the College of Information Studies with donations solicited from family and friends, the fund recognizes Dr. Anne Scott MacLeod, noted authority on children’s literature and faculty member emerita in the College. With this fund, the College honors her long affiliation with the University and the close association between her efforts and the stature of the University’s academic programs in children’s literature. The spendable incomes shall be used to provide support for an annual lecture in children’s literature at the College.
Donors may choose to give in many different ways throughout their lifetimes.
Annual gifts are the most popular way of supporting our school and the specific priorities important to you. For those donors who wish to make a more significant impact, endowing a scholarship, fellowship, or professorship can be accomplished through our Director of Development.
An easy, flexible and simple way to give is to send a personal check or money order by mail, or use your credit card to make a gift online.
Please send your gifts to: Lawrence Liff Director of Development 4105 Hornbake Bldg, South College Park, MD 20742
All Checks and Money Orders need to be made payable to: The University of Maryland College Park Foundation (UMCPF). Please use the memo line to indicate the fund you are supporting. Online gifts can be made by visiting the iSchool's Online Giving page and selecting the fund you desire to support.
They often represent the best value for donors who want to make an impact with their giving by keeping cash flow intact. Stock bought at a substantially reduced cost has the potential of increasing the value of your gift over time, as well as providing you with added tax advantages.
There are no hard and fast rules for selecting a stock as a gift, but the best choices will depend on the overall makeup of your portfolio. Here are a few general points to consider:
- Stocks with appreciated value will give you the maximum leverage for an untaxed profit
- By giving stocks in which you may have an over-weighted position in your portfolio, you may receive valuable tax relief while lightening your position.
Stocks may be used to structure gifts that will yield a direct income stream for you or for someone you designate. These life income plans may generate substantial tax benefits in the year they are set up, while providing income for the donor for life or a designated term of years.
For example, using stock to fund a life income plan may help you minimize or avoid capital gains tax when the university converts the stock in your behalf. The undiluted proceeds can be used to generate a high income stream for your lifetime or for a designated term of years. In addition, you receive a substantial income tax charitable deduction, which further improves your cash flow.
Another benefit may be to restore balance in your portfolio. Selling off stock can incur a large and unwanted capital gains tax. You may avoid this tax by using the stock to fund a life income plan, while re-balancing your portfolio. Please contact your financial and tax professional to discuss further which option best suits your needs.
Property is another attractive way to make a gift. When you make gifts of property, certain value appraisals are required. These transactions will be handled with you directly and in conjunction with your legal representative.
Gifts made through your estate plan can help you realize your philanthropic goals, and may allow you to make a more significant gift than is possible during your lifetime.
Plan a Gift for the Future
With a strong affiliation for library and information science, information management, or other iSchool programs, specializations and areas of research, alumni and friends have chosen to support the College in their estate plans. This approach provides the School a long-term funding capacity, and at the same time potentially generates income for you or your loved ones. If you are interested in creating an endowment or supporting an existing fund, a planned gift through your estate can provide a significant impact that establishes a lasting change.
A few examples include:
By making a provision in your will, you may be able to make a substantial gift by designating from your collective assets. For example, you may commit a percentage of your overall estate value, a sum of cash, or otherwise described property.
Working with your attorney, the preferred language is:
"I give, devise, and bequeath to the University of Maryland College Park Foundation, a tax-exempt organization located at 2119 Main Administration Building, College Park, MD 20742, (insert a percentage of estate, or residue or sum of money, or otherwise describe property) to support the College of Information Studies(or insert specifics).
A Charitable Gift Annuity is established by transferring assets to the University of Maryland College Park Foundation for administering. In return, the Foundation makes regular, fixed payments to the donor for the rest of his or her life.
You may establish a Charitable Remainder Trust by transferring cash, securities or property to the University of Maryland College Park Foundation. In a unitrust, you or a designated beneficiary receives a predetermined percentage of the net fair value of the trust assets, as of a specified date, for life or a fixed term.
In an annuity trust, you would receive a fixed dollar amount every year for life or for a fixed term.
With both the Charitable Remainder Trust and the Charitable Remainder Annuity Trust, the remaining assets go to the Foundation to benefit the College of Information Studies as you have designated.
In a pooled income fund, your contribution is invested along with other contributions, similar to a mutual fund. These funds pay quarterly income to you or a beneficiary of your choice, based on the fund's earnings, either for life or for a period of time, which you may determine.
Please contact your financial or tax professional to discuss which option best suits your needs.
By including the iSchool in your estate plans, you will join a special group of donors who are leaving their legacies, with perpetual giving through a planned gift. Equally important to note, you should choose now how you want your estate to be distributed rather than another party when you are unable to make these decisions.
If you are carrying more insurance coverage than your family obligations now require, you may find a hidden gift asset in a surplus, paid-up policy.
Earn money on your contribution by transferring money, securities or other assets to a trust that will then pay you an income for life or a period of years. The trust will be designed by you to fit your own needs in conjunction with your financial advisor or legal representative.
Federal estate taxes: The exemption level will only be $1 million in 2011, and the top federal estate tax rate will be 55 percent.
Generation-skipping transfer taxes: The exemption level will change to $1.12 million, plus an index for inflation since 2003. The federal generation-skipping transfer tax rate will be 55 percent. This means that if you leave more than $1.12 million in property to a grandchild or anyone two or more generations younger than you, your estate will incur taxes at a rate of 55 percent on the inherited property.
Gift taxes: The top gift tax rate will be 55 percent. The annual gift tax exclusion—the amount you can give to anyone gift tax-free each year—will remain at $13,000 in 2011 ($26,000 for married couples).
Carryover cost basis: The carryover cost basis tax structure for inheritors in 2010 will expire. In 2011, beneficiaries once again will inherit assets at a cost basis equal to the fair market value as of the date of the deceased's death, or in some cases six months later.
For more information, please visit www.legacyplanning.umd.edu or contact John McKee at email@example.com or 301-405-0320.