Duke University greatly appreciates cash donations in any form, including foreign currency, US dollars drawn on foreign banks, or foreign "dollars." Duke gives gift credit in US dollars for the value of the donation based on current exchange rates as of the day of receipt. Please consult your financial institution for information on current US exchange rates.
It is important to know that Duke incurs what can amount to substantial bank fees to process foreign currency gifts and checks drawn on foreign banks. Unfortunately, there are times when the fees associated with these types of gift outweigh the gifts themselves. For this reason, Duke is only able to accept foreign checks of $100 or more.
If you would like to donate personal property to Duke, please contact Alumni and Development Records at (919) 684-2338. Some gifts require appraisal or advance approval in order to be accepted. Examples of gifts of property include tickets to athletic events, rare books, art work, computer hardware and software, and laboratory equipment.
All gifts of real estate require prior approval by the university. A gift of real estate may be a principal residence or vacation home, a farm, a commercial building, a subdivision lot, or unimproved land. The gift may be the entire property or a fractional interest in the property. Duke's Office of Gift Planning can walk you through the approval process. Learn more.
The use of wire transfers has fallen out of favor as the fees incurred by donors have become quite substantial. An electric transfer through the Automated Clearing House Network (or "ACH") is often a more practical option. Please notify Alumni and Development Records at (919) 684-2338 after you have scheduled an electronic transfer. If you are trying to meet a deadline, you might also consider charging your gift to a credit card or mailing a payment through an express carrier. Note that IRS regulations stipulate that contributions sent by private carriers must be dated based on Duke's date of receipt, whereas gifts sent through the US Postal Service can be dated based on the postmark date.
A life income gift, such as a charitable gift annuity or a charitable remainder unitrust, can provide you and/or your loved ones with an income for the duration of your lives or for a specific number of years. You receive a current income tax deduction as well. Learn more.
Charitable Lead Trust
These trusts can be used to transfer assets to a loved one with a significantly reduced tax liability. Learn more.
Naming Duke as a primary or contingent beneficiary of a retirement plan (e.g. IRA, SEP, 401(k), 403(b), ESOP, etc.) may enable you to make a larger gift than you anticipated because income and estate taxes are not imposed when plan assets are distributed to Duke. Your retirement account's plan administrator (the company that manages the account) can help you designate Duke University as a primary or contingent beneficiary on the plan's beneficiary form. Learn more.