FAQs
Get the answers to the most commonly asked questions about giving to Penn. If you’d like more information, please get in touch.
University of Pennsylvania’s Tax ID Number
23-1352685
Frequently Asked
Questions About Giving
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What is Penn’s federal Tax ID number?
The University of Pennsylvania’s Tax ID Number is 23-1352685.
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What are the tax advantages of giving to Penn?
Donations to Penn, during your lifetime or through your estate plan, are tax deductible in accordance with IRS guidelines and supported by a receipt from Penn’s Treasurer’s Office. We encourage donors and their financial advisers to explore the significant tax advantages of planned gifts by contacting our Office of Gift Planning.
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Can I donate tangible property to Penn, such as art or real estate?
Through Penn’s Office of Gift Planning, it is possible to donate real estate or personal property to Penn and realize tax advantages (and in some cases of real estate, a payment stream). It is also possible to designate proceeds from the University’s sale of your donated real estate to a specific Penn program.
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Can I make a gift of stock or securities to Penn?
It’s easy to use the online giving form to make a gift of securities to Penn. Simply select where you would like your gift to go, click “Or choose another gift type,” select “Securities” from the dropdown menu, and follow the steps outlined on the page. Donors with questions regarding gifts of stock should contact the Securities Office by calling (215) 898-7254, emailing stockgifts@lists.upenn.edu, or writing to:
University of Pennsylvania
2929 Walnut Street, Suite 300
Philadelphia, PA 19104-5099
ATTN: Stock GiftsPlease be sure to contact your broker to initiate the transfer. You may download this Securities Transfer form as a PDF to inform them of your wishes. The University of Pennsylvania’s security instructions are as follows:
Brokerage Firm: Morgan Stanley Private Wealth Management, attention: The Corcoran Ciarelli Group, (610) 260-8526
DTC: 0015
Customer Name: University of Pennsylvania TaxID: 23-1352685
Account Number: 858-010018 -
How can I arrange a donor-advised fund or private foundation gift?
Donors may recommend or direct gifts to the University of Pennsylvania through donor-advised funds or private foundations. To make a gift through a donor-advised fund, be sure to provide the University of Pennsylvania’s Tax ID/EIN 23-1352685. Please be sure to include the fund where the gift should be directed. Gifts should be made payable to the Trustees of the University of Pennsylvania and be mailed to:
US Mail Address:
University of Pennsylvania
Office of the Treasurer
PO Box 71332
Philadelphia, PA 19176-9913For information on the Penn Donor Advised Fund, visit our Giving Options page and click on “Penn Donor Advised Fund.”
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How can I make a charitable gift through my IRA?
The Protecting Americans from Tax Hikes Act of 2015, has extended the IRA Charitable Rollover permanently. The extension allows individuals age 70½ and older to donate up to $105,000 from their IRAs to Penn tax-free. You do not receive an income tax charitable deduction. This provision allows you to transfer money from your IRA directly to the University, without having to recognize the transfer as taxable income. You should consult with your tax advisors about your specific situations.
The sample letter can be used to send to your IRA plan provider.
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Can I make a gift to Penn via wire transfer?
You can make a gift to the University of Pennsylvania via wire transfer using the following contact information:
Wells Fargo Bank N.A.
420 Montgomery Street
San Francisco, CA 94104For Domestic Wires and ACH’s
ABA Routing #: 121-000-248For International Wires Only:
SWIFT CODE: WFBIUS6S
CHIPS: 0407Account Name: The Trustees of the University of Pennsylvania – Gifts Accounting
Account# 2000030009956
Reference: Donor Name, or School/Center contactPlease provide a reference including a Donor Name. Reference should clearly identify the purpose of the payment to permit our office to identify the wire and to apply proper credit to the ultimate designation.
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I live outside of the United States. Can I still receive tax benefits from my gift?
Non-U.S. residents seeking information on giving to Penn can visit our international giving page for details on tax-efficient giving and contact information for our International Development office. Please consult a professional tax advisor regarding questions about individual tax benefits.
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Why is Penn asking for citizenship?
Penn must comply with current state and federal laws requiring reporting of gifts received from and contracts entered into with foreign individuals and entities, including Section 117 of the Higher Education Act (20 U.S.C. 1011f) and the Pennsylvania Higher Education Gift Disclosure Act (24 P.S.§§ 6301-6307). The citizenship data collected here is used only for required reporting of foreign gifts and contracts at Penn and is managed under the auspices of the Vice President for Finance.
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I am a UK taxpayer. Can I participate in UK Gift Aid programs?
Penn’s UK Foundation may receive matching funds on eligible gifts made by UK taxpayers. Click here for information on how to claim Gift Aid.
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I am a Hong Kong taxpayer. How can I make a gift to Penn?
Gifts can be made in Hong Kong or U.S. dollars or equivalents (checks, bank drafts, etc.) and should be payable to the University of Pennsylvania (HK) Foundation, Ltd. Payments can be mailed or wired, or gifts of stock can be given. When making your gift, please include your contact information, the purpose of the gift, and how you would like to be acknowledged to ensure your gift is accounted for appropriately when granted to the University.
We regret that we are currently unable to accept online gifts to the Hong Kong Foundation.Click here for more information on making a gift as a Hong Kong taxpayer.
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How do I find out if my company will match a gift to Penn?
Your donation to Penn may multiply in value with a gift match. Many employers will match charitable contributions made by an employee, or an employee’s spouse or partner. Consult your employer’s HR office to find out your company’s matching gifts policy and obtain forms. Penn’s matching gifts database contains data on many companies that match gifts. You can also call the Matching Gifts Program at (215) 898-5069 or email devgifts@dev.upenn.edu for information on matching gifts eligibility and procedures.
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Can I designate my gift for a specific purpose?
You can make a gift to Penn for unrestricted use, or direct your gift to a specific school, program, or priority area. The online giving form gives you dropdown menus that make it simple to choose.
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How do I use the online giving site to find a specific fund?
To search for a fund, enter a keyword in the search box located at the center of the webpage. If the keyword matches one or more funds, a list will appear below the search box. Highlight the desired fund in the list and click on it.
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What if I cannot find the fund I am looking for using the online giving site?
Some funds may not be available for online giving. Please contact the Gifts Office to make your gift by calling (215) 898-2672, or email devgifts@dev.upenn.edu.
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Can I make a gift to Penn over time?
You can pledge a gift to Penn and arrange a payment schedule of up to five years.
You can also make a recurring gift to the University through our online giving form. -
What is the difference between restricted and unrestricted gifts?
While gifts to Penn can be directed to a variety of purposes, all gifts fall into one of two categories: “unrestricted” or “restricted.”
UNRESTRICTED GIFTS
a. Annual Giving. Annual Fund gifts support the immediate operating expenses of the University and its schools and centers in the current fiscal year. There are many annual giving funds at Penn, including The Penn Fund and funds within schools and centers. Annual Fund gifts are used in their entirety to support the designated unrestricted fund.
b. General Purpose. Unrestricted gifts may be made to the University, or to a school or center, as a General Purpose gift to be used entirely at the beneficiary’s discretion.RESTRICTED GIFTS*
a. Program Gifts. Program gifts establish and support specific initiatives and activities at the University and its schools and centers. Examples include restricted gifts to support faculty, specific areas of research and scholarship, curricular development and other core priorities.
b. Endowment Gifts. Gifts that create endowment funds are generally designated for specific purposes agreed upon by the donor and the University at the time the donation is made. They generate annual income from investment returns, as determined by a spending rule set by the Board of Trustees.
c. Capital Gifts. Gifts made to capital projects, including construction and renovation of facilities or facility improvement.*Restricted endowment and program gifts are typically subject to an indirect cost recovery policy which provides that a portion of program gifts or income from endowment funds be retained by the school or center, to be applied to offset the full costs associated with the specific restricted gift purpose. These costs include school or academic center expenses that are necessary to support the endowment or gift program, such as lighting, heating, and other facilities costs, and administrative costs incurred by the schools and centers such as information technology, safety and security, human resources, finance, treasury, audit, and fundraising.
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What is the deadline for my annual gift to count in this year’s total?
Your gift must be received by June 30 to count towards the current year.
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How will my gift to Penn be recognized?
Penn has a number of donor recognition programs and societies. Naming opportunities for facilities, academic programs, faculty positions, and student scholarships are available at a variety of giving levels. Occasionally, we may announce large gifts or write about their impact in stories on this website, which may also be disseminated by social media or email to other alumni, parents or donors. Penn will not publish a University-wide list of all donors to The Power of Penn Campaign, but many schools and centers have their own donor recognition publications and giving societies, as does The Benjamin Franklin Society, Gift Planning, The Penn Fund, and other specialized programs.
You should specifically designate your gift as “anonymous” if you do not wish your name to appear in donor reports.