To find out more about how you can support the Department of Aerospace Engineering, contact:
Make a donation directly to the department online.
Other Gift Options
You can also donate to the department through matching gifts, appreciated securities, real estate, annuities, estate planning, and more. Please visit the Clark School's Giving webpage or contact our development staff to learn more.
Your first step in making a gift to the Department of Aerospace Engineering or the Clark School is to consider the types of assets you may contribute, and the major giving methods. This page summarizes both, and provides links to more detailed information. You may also consult Frequently Asked Questions, the Clark School, and your financial and tax professionals.
Types of Assets to Contribute
Cash is the simplest form of gift to make. It is also the most flexible and immediate gift for the Department of Aerospace Engineering or the Clark School to use. It is usually sent by mail in the form of a check or money order. It may also be provided via a credit card using our Online giving site.
Gifts of non-cash assets let you support the Department of Aerospace Engineering or the Clark School while keeping your cash flow intact. In addition, non-cash gifts provide long-term financial planning benefits while ensuring the school long-term funding capacity. Common non-cash assets are:
Stocks are a convenient non-cash gift. The transactions can be handled by you directly or by a financial representative and have multiple benefits that vary with each individual's portfolio. Learn more.
Land, real estate and personal property
Gifts of property can result in important tax savings. When you make gifts of property, certain value appraisals are required. These transactions will be handled by you in conjunction with your legal representative.
Current Use vs. Endowments
Current use accounts are set up for gifts that will be spent upon their arrival. An example of a current use account is the Department of Aerospace Engineering’s Scholarship Fund. The Fund is evaluated twice a year by the Scholarships/Fellowships committee, and they disperse funds that are available in the account, which is an accumulation of the past six month’s donations. Cash in provided by donors, cash out to benefit students. Replenishing these funds is critical as scholarship support is only provided when it is available and amounts vary year to year.
Endowments are bound by legal parameters that are governed by the University of Maryland College Park Foundation. Many donors have chosen to form endowments because the endowment allows their generous gifts to grow over time. Imagine knowing that long after you are gone, the legacy of your generosity will still be providing scholarships for students at the University of Maryland.
Endowment gifts are placed in a University of Maryland College Park Foundation account dedicated to the individual donor’s scholarship (or other project based on the donor’s intent) and invested. The percentage of return varies from year to year reflecting the investment performance.
A direct contribution is a transaction in which the value of the asset is provided to the Department of Aerospace Engineering or the Clark School at the time the gift is made. Cash is usually a direct contribution.
Estate or Planned Gifts
Gifts made through your estate or will can help you realize your philanthropic goals during or after your lifetime. In addition, estate gifts to the Department of Aerospace Engineering or the Clark School may be structured to provide you income streams immediately. Bequests, charitable gift annuities, charitable lead trusts, charitable remainder trusts and pooled income funds are all types of planned gifts. You may also name the Department of Aerospace Engineering or the Clark School as a beneficiary of an IRA, 401k or insurance policy. Learn more.