FAQ

What is The Parents Fund?
What is an unrestricted gift?
What do gifts to The Parents Fund support?
What is the difference between The Parents Fund and The Penn Fund?
What calendar does The Parents Fund use to recognize gifts?
What if I can only make a small gift to The Parents Fund?
What is Penn’s federal Tax ID number?
What are the tax implications of donating?
Can I make a gift of stock or securities to Penn?
I live outside of the United States. Can I still receive tax benefits from my gift?
I am a UK taxpayer. Can I participate in UK Gift Aid programs?
I am a Hong Kong taxpayer. How can I make a gift to Penn?
How do I find out if my company will match a gift to Penn?
Can I make a gift to Penn over time?


What is The Parents Fund?
Penn's Parents Fund supports undergraduate education and is a vital funding source that creates unique opportunities for students and enhances programs across campus. Each year thousands of parents and grandparents help shape the Penn experience with their unrestricted gifts.

What is an unrestricted gift?
An unrestricted gift is a gift that is not designated for a specific purpose. It is the most flexible kind of support that can be used in a timely way to meet the University's greatest needs. These funds allow Penn to rise to new challenges and achieve excellence both in and beyond the classroom experience. Many of the University's most innovative initiatives were made possible because of unrestricted resources.

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What do gifts to The Parents Fund support?
Your unrestricted support helps fulfill the immediate needs of the University – supporting the undergraduate experience in areas such as financial aid, residential enhancements, student life and academic support.

Student Financial Aid - Almost half of the undergraduate population receives financial support from the University, and less than 23% of that undergraduate financial aid budget is covered by endowment income. The balance comes from the general operating budget, which relies on gifts from parents and alumni.

Residential Experience - The quality of residential life is key to attracting students and remaining competitive. But most important is Penn's ability to give students a comfortable and secure community in which to live. Gifts to the Parents Fund support such projects as innovative programming in the College Houses and refurbishing of residential study areas.

Student Life and Academic Support - The myriad activities that enliven the University campus from the arts to athletics are in part supported by the Parents Fund. Funds raised provide additional support towards Penn's "learning hubs" such as Kelly Writers House, Civic House, Weiss Tech House, and the Center for Undergraduate Research and Fellowships.

Special Initiatives - As part of a continuing technology upgrade program, infrastructure overhauls are being made to classrooms across campus to allow for installment of new computers, audio-visual systems, and telecommunications equipment. Innovative academic projects, such as the Penn Reading Project held during New Student Orientation, may also receive support from Parents Fund gifts.

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What is the difference between The Parents Fund and The Penn Fund?
The Parents Fund differs from The Penn Fund in only one significant way: who is giving the gift. The Parents Fund is the unrestricted fund for parent giving, whereas The Penn Fund is the unrestricted fund for undergraduate alumni giving. This separation allows Penn to recognize the special nature of parent giving and the constant growth in support from Penn parents to the University. These two unrestricted funds are both vital in Penn's growth, standards of excellence, and rankings among the Ivy League universities.

What calendar does The Parents Fund use to recognize gifts?
Penn’s fiscal year begins July 1 and ends June 30.

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What if I can only make a small gift to The Parents Fund?
No gift is a small gift! All Parents Fund donors, no matter the size of their gift, enrich life at Penn. Smaller gifts add up quickly to make a significant difference over a year, and allow Penn to make valuable improvements in undergraduate life as they are needed. Every gift makes a difference, and strengthens parents’ relationships to Penn. Gifts from parents are a show of involvement, passion and confidence in Penn, and strengthen our University's stature.

What is Penn’s federal Tax ID number?
The University of Pennsylvania's Tax ID Number is 23-1352685.

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What are the tax implications of donating?
Donations to Penn, during your lifetime or through your estate plan, are tax deductible in accordance with IRS guidelines and supported by a receipt from Penn’s Treasurer’s Office. We encourage donors and their financial advisers to explore the significant tax advantages of planned gifts by contacting our Office of Gift Planning.

Can I make a gift of stock or securities to Penn?
It’s easy to use the online giving form to make a gift of stock to Penn. Simply choose “Securities gift” from the drop-down menu, and follow the steps outlined on the form. Donors with questions regarding gifts of stock should contact Securities Gifts by calling 215-898-7254, e-mailing gifts@upenn.edu, or writing to:

Securities Gifts
427 Franklin Building
3451 Walnut Street
Philadelphia, PA 19104-6205

Please be sure to contact your broker to initiate the transfer.
Firm: Morgan Stanley Private Wealth Management, attention: Kristine Marrone, 610-260-8531
DTC: 0015
Customer Name: University of Pennsylvania
TaxID: 23-1352685
Account Number: 858-010018-019

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I live outside of the United States. Can I still receive tax benefits from my gift?
Non-U.S. residents seeking information on giving to Penn should consult our international giving page for details on qualified tax funds around the world, helpful links to global Penn resources, and contact information for our International Development office.

I am a UK taxpayer. Can I participate in UK Gift Aid programs?
Penn’s UK Foundation may receive matching funds on eligible gifts made by UK taxpayers. For information on how to claim Gift Aid, click here.

I am a Hong Kong taxpayer. How can I make a gift to Penn?
Gifts can be made in Hong Kong or U.S. dollars or equivalents (checks, bank drafts, etc.) and should be payable to the University of Pennsylvania (HK) Foundation, Ltd. Payments can be mailed or wired, or gifts of stock can be given. When making your gift, please include your contact information, the purpose of the gift, and how you would like to be acknowledged to ensure your gift is accounted for appropriately when granted to the University.
We regret that we are currently unable to accept online gifts to the Hong Kong Foundation.
For more information on making a gift as a Hong Kong taxpayer, click here.

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How do I find out if my company will match a gift to Penn?
Your donation to Penn may multiply in value with a gift match. Many employers will match charitable contributions made by an employee, or an employee’s spouse or partner. Consult your employer’s HR office to find out your company’s matching gifts policy and obtain forms. Penn’s matching gifts database contains data on many companies that match gifts. You can also call the Matching Gifts Program at (215) 898-5069 or e-mail devgifts@dev.upenn.edu for information on matching gifts eligibility and procedures.

Can I make a gift to Penn over time?
You can pledge a gift to Penn and arrange a payment schedule of up to five years. You can also make a recurring gift to the University through our online giving form.

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