Employee participation is completely voluntary. Of course, you can give at any time, One Day for UK simply provides an exciting opportunity to see all that your university is doing and all the ways to support that work should you like to make a gift or help promote your favorite cause online. All faculty and staff gifts support Kentucky Can: The 21st Century Campaign.
By supporting the University of Kentucky, you see the immediate impact of your generosity. Every gift improves opportunities for students, faculty, staff on campus and furthers our research and outreach throughout the Commonwealth. When you support the place you work, you help raise our national rankings and attract outside donors, showing them that UK is a worthwhile investment.
Every program, department, college and individual has needs – great and small. Gifts of any size help address those needs, purchasing equipment, funding travel, helping students afford their education, supporting research, or advancing health care. The best part about faculty and staff giving is you decide what you want to support so that you can make the biggest impact with your gift.
Gifts made to the University of Kentucky are tax deductible, except in the following situation: gifts from faculty or staff should not be deposited into an account over which they have sole spending authority. The department, however, may establish a separate account and assign expenditure authority to another department/business office official to avoid this situation. However, if a separate account is not established, faculty and staff can still support that fund, but will not receive tax credit for it. Alternatively, they can give to another fund within the college or university where they do not have sole spending authority and receive tax credit for that gift.
Find more FAQs about Faculty and Staff giving to UK here.