Frequently Asked Questions
- Why is my gift to the Annual Fund important?
- What exactly does my gift to the Annual Fund support?
- How can I find out if my company will match my gift to Reed?
- Why does Reed ask me to consider a specific amount for my gift, often an increase?
- Can I designate my gift to a department or program, other than financial aid?
- Is Reed a 501(c)3 organization?
- What is Reed’s fiscal year?
- Are gifts to Reed from Canadians tax-deductible?
- Can I use PayPal to make a donation?
- How can Oregon donors receive a tax credit for gifts to Reed and the Oregon Cultural Trust?
Tuition, room, and board do not account for all of the college's per-student expenditures. Gifts to the Annual Fund help cover the balance of those expenditures, ensuring a stable funding base year in and year out for all Reed departments and programs.
Unrestricted gifts to the Annual Fund help Reed provide:
- Need-based financial aid
- Books, technology, and new resources for the library
- Resources for student and faculty research
- Faculty salaries and benefits
- Technology for the classroom
- Campus maintenance and canyon restoration
- Services that help students succeed at Reed, such as the Academic Resource Center and Health & Counseling
Note: 100% of gifts to the Annual Fund directed to financial aid support need-based financial aid.
Many companies will match charitable contributions made by their employees and retirees. In the last fiscal year, the Annual Fund received more than $160,000 in matching gifts. Please click here to search for your company in our matching gift database. If your company does have a program, simply follow your employer's instructions to double or even triple the impact of your gift to Reed.
We ask you to consider an increased gift because Reed relies on the multitude of donors who increase their support from year to year to keep pace with the rising cost of educating Reed students. If you are not able to give at the level requested, please give at the level you are comfortable. All gifts are gratefully received and put to good use.
Reed does not maintain funds for restricted gifts. Rather, every year, Reed completes a budgeting process to identify the funding needs of all departments and programs. Your unrestricted gift to the Annual Fund flows into the budget, providing Reed with the financial strength to fund new initiatives as well as historic priorities. The best way to ensure that all of Reed’s programs and projects are fully funded is through your annual unrestricted support for the college.
Reed does accept restricted gifts to endow scholarships, professorships, and other specific priorities of the college. In addition, Annual Fund donors may direct their gifts to financial aid, one of the college’s highest priorities.
Reed is registered as a 501(c)3 nonprofit organization by the IRS. Contributions to Reed are fully tax-deductible to the amount allowed by law and your gift receipt meets the IRS requirements as a record of donation. Reed’s tax ID number is 93-0386908.
Reed's fiscal year corresponds with the academic calendar and runs from July 1 of one calendar year to June 30 of the next calendar year.
Gifts to Reed from a resident of Canada are tax-deductible to the amount allowed by Canadian law. For more information, click here and review Article XXI, number 6, of the United States-Canada income tax treaty.
Reed cannot accept donations through PayPal at this time. Click here to give online through our secure web site. Alternately, you may give by mail or telephone. In addition, Reed can accept gifts of stock. Click here to learn more about ways of giving.
- Step 1: Make a gift to Reed.
- Step 2: Add up all your gifts to Reed and other Oregon cultural organizations from the calendar year and make a matching gift to the Oregon Cultural Trust by December 31st.
- Step 3: Claim your 100% tax credit when you file your Oregon tax return. The "identify" code for the Oregon Cultural Trust is 722. Your entire contribution to the Oregon Cultural Trust—up to $500 for individuals, $1000 for couples filing jointly or $2,500 for Oregon corporations—qualifies for the tax credit.
What is a tax credit? Unlike a tax deduction that only reduces the amount of your taxable income, a tax credit reduces the amount of tax you owe. Your gift to the Oregon Cultural Trust will reduce your Oregon Income Tax bill dollar for dollar (up to $500 for individuals, $1,000 for couples filing jointly and $2,500 for Oregon corporations).
Click here to learn more about the Oregon Cultural Trust.