Support Your Passion | Special Initiatives | Deferred maintenance
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As of July 1, 2008, there is a unique philanthropic opportunity available to supporters of the University of Kansas. Thanks to a bill passed by the Kansas Legislature, contributors can help meet the deferred maintenance needs of KU while receiving a 45 percent tax credit, in addition to any standard charitable deduction that may be available.
Tax credits provide a dollar-for-dollar reduction in taxes owed. They differ from tax deductions, which reduce only the amount of taxable income.
Approximately 35 buildings on the Lawrence campus and nine buildings at the KU Medical Center in Kansas City have significant deferred maintenance needs.
For example, areas of need include heating, ventilation, air conditioning systems, electrical, emergency systems, plumbing, windows, doors and removal of asbestos and other toxins, as well as work to achieve ADA compliance. Although the projects may not immediately be apparent to observers, they are crucial to maintaining the excellent learning environment KU has provided for generations of students.
How the Program Works
- The tax credit is available to individuals, nonprofit organizations and businesses paying Kansas individual and corporate income tax, insurance premium tax, and bank privilege tax;
- Qualified charitable gifts for deferred maintenance are eligible to receive a tax credit for 45 percent of the contribution amount;
- If the credit afforded to a taxpayer is in excess of his/her income tax liability, the remaining credit may be carried forward for up to three additional years and is therefore nonrefundable;
- Taxpayers taking advantage of the credit must file the appropriate Kansas tax return forms electronically;
- The credits conclude on Dec. 31, 2012.
How to Give
Eligible gifts must be made directly to the KU Endowment Association in the suggested minimum amount of $5,000. They may be given as cash, securities that can be easily converted to cash, and personal or real property that can be quickly converted to cash. Gifts must be received or postmarked by December 31 of the year in which the donor seeks the tax credit.
For more information, please contact:
Kevin Kelly
Associate Development Director
785.832.7408 (direct)
800.444.4201 (toll free)
Gifts can be designated for either the Medical Center or the main Lawrence campus (though not for individual buildings). Some of the buildings included in KU’s deferred maintenance program are:
Delp Pavilion (KUMC)
Dyche Hall
Fraser Hall
KUMC Student Center
Learned Hall
Lindley Hall
Murphy Hall
Olathe Pavilion (KUMC)
Spencer Art Museum
Spencer Research Library
Stauffer-Flint Hall
Strong Hall
Summerfield Hall
Twente Hall
Watson Library
If you give by check: Write "for deferred maintenance" in the memo line; please download and send this gift form with your check.
If you give online: KU Endowment will contact you to ask for additional information (including your Social Security number) so we can comply with Kansas Department of Revenue rules.
If you give securities: Please read these procedures and policies.
Deferred maintenance Lawrence
$5,000 minimum suggested gift amount
Deferred maintenance KU Medical Center
$5,000 minimum suggested gift amount