Ways to Give
It can’t be said enough that without donors and the support of their gifts, USF St. Petersburg wouldn’t be what it is today. Donor gifts–of any kind–help strengthen the University with new buildings, like the Lynn Pippenger Hall, and program support such as the Debbie Nye Sembler Student Success Center.
THE COQUINA CIRCLE
USF St. Petersburg recognizes donors through the Coquina Circle, an organization named after the coquina rock that is composed of fragments of various shells. The coquina rock is an integral part of our state and the many parts that form its sturdy whole reflect the way in which our unique donor levels–Coral, Sabal, and Bayboro–form the strong and multi-layered framework of support for USF St. Petersburg. Read more below to learn about donor recognition and the ways you can support the University.
CORAL CIRCLE – ANNUAL GIVING – $99,999 OR BELOW
Annual giving bears similarities to coral reef formations, as it is made up of a diverse collection of gifts of all sizes and for many purposes. No matter how you designate your gift for a particular fund or where the need is greatest–Coral Circle donors make a critical difference across campus and within our programs.
Annual gifts provide:
- Strategic support to fund the the deans’ priorities of the colleges
- Scholarships and fellowships for deserving students
- Strength in curriculum and provide access to the latest classroom technology
- Support for creative and innovative teaching methods and research
- The means to attract and retain distinguished faculty
Spotlight: USF St. Petersburg recognizes George Stovall as a Coral Circle donor because of his donation of over 300 books to the Nelson Poynter Memorial Library to help carry on the legacy of Terry Tomalin. Read more about the Stovall’s USF St. Petersburg connection
SABAL CIRCLE – CUMULATIVE LIFETIME GIVING – $100K+
The Sabal palm is known for its hardiness, resilience, and stability—similar to the steadfast support demonstrated by Sabal Circle members. Your extraordinary generosity demonstrates an unwavering commitment to USF St. Petersburg, making it possible for us to lead cutting-edge research, establish innovative educational programs, and realize dreams that ultimately help the University fulfill our mission of inspiring scholars to lead lives of impact.
Cumulative lifetime giving donations, through both outright and deferred gifts, are a critical source of faculty support, program improvement, and fellowships, and scholarships. This level of donation is one in which the original principal is never spent and the gift continues in perpetuity.
Gifts for the support of faculty are used to recruit, develop, and retain outstanding faculty. Income from the endowed funds may augment salaries, fund guest lecturers, and provide funds for general support for academic activities such as undergraduate and graduate research opportunities.
Gifts typically in the form of fellowships or scholarships, allow students to keep their focus on the achievement of their academic goals.
Endowments are generally fully funded within five years of the initial contribution. Income is distributed annually pursuant to the spending policies of the USF Foundation, Inc. There are several types of these restricted funds:
- Academic Chairs
- Fellowships and Scholarships
- Research Support
Spotlight: USF St. Petersburg recognizes Gus and Frances Stavros as Sabal Circle donors for their significant funding for the establishment of the Gus A. Stavros Center for Free Enterprise and Economic Education in USF’s College of Education. Read more about their longstanding commitment to USF St. Petersburg.
BAYBORO CIRCLE – LEGACY & PLANNED GIVING
We are proud to recognize planned giving donors as Bayboro Circle members, signifying the fact that the gifts preserve their legacy. To invest in USF St. Petersburg is a significant investment in the University’s and our students’ futures. Bayboro Circle members are an important part of our history, being remembered, respected, and honored by the entire University community.
Planned giving refers to the process of making a charitable gift of assets. Gifts can include:
- Retirement Plan Assets
- Savings Bonds
- Real Estate
- Closely Held Stock
- Life Insurance
Such gifts usually include legal documents and often require the assistance of a qualified professional advisor to complete. A donor should consult with his or her professional advisers before completing such gifts.
Spotlight: USF St. Petersburg recognizes Lynn Pippenger as a Bayboro Circle donor for her longtime support of both the Tampa and St. Petersburg campuses. Read about the former Raymond James executive’s USF experience.
HOW GIFTS WORK
GIFTS SUPPORTS USF ST. PETERSBURG, BUT GOES TO THE USF FOUNDATION
The USF Foundation is a private, not-for-profit corporation chartered under Florida Statutes that is the legal conduit for the acceptance, investment, and distribution of all private gifts to USF.
The USF Foundation is exempt from federal income taxes under IRS Code Section 501(c )(3), and is eligible to receive tax deductible gifts as described in Section 170 of the IRS Code.
THE NEED FOR FINANCIAL SUPPORT
The University of South Florida does receive state funding, but it does not cover all the costs associated with the activities of a national Research I Institution. There is an ongoing need for private support in every area of USF St. Petersburg. Donations give the University the competitive edge to continue our progress.
DESIGNATING GIFTS TO SPECIFIC NEEDS
You can direct a gift to a specific program or college. The USF Foundation has a fiduciary responsibility to comply with the restrictions imposed by donors on all operating and endowment funds.
HOW THE USF FOUNDATION INVESTS MONEY
Gifts and earnings designated to meet current needs are invested in an operating fund. Gifts designated for long-term commitments are invested in an endowment pool. The primary long-term investment objective of the endowment is to earn a total rate of return that exceeds the ‘spending rate,’ plus long-term inflation and the costs of managing the fund.
Maintaining current information about our donors allows us to send our thanks and provide donors with a tax receipt. It also gives us the opportunity to invite donors to special events at the University and share our pride about new developments at USF St. Petersburg made possible by the support.
The USF Foundation recognizes donors on multiple levels, given the different commitments they are able to make. After a certain level of giving is achieved, donors are invited to join our President’s Council. Members are recognized in an annual honor roll and are invited to special events throughout the year.
INTERESTED IN LEARNING MORE ABOUT SUPPORTING THE UNIVERSITY?
Contact Alexis Searfoss, Assistant Director of Development