Savannah State University
Foundation, Inc.
The
Savannah State University Foundation, Inc. is a Georgia non-profit
corporation with the purpose of receiving, investing and administering the
private support of Savannah State University.
The mission of the Foundation is to support and enhance the University by
encouraging charitable gifts from alumni and friends leading to academic
programs of excellence. This Margin of Excellence allows the University to
build upon a growing reputation of quality and value beyond the traditional
resources provided by state appropriations or student tuition and fees.
The
Foundation serves as the university's gift receiving office as the Board of
Regents of the University System of Georgia asks donors to make charitable
gifts to the Foundation. For that reason, care should be taken to insure
that all checks, deeds and negotiable instruments are made to the SSU
Foundation. The Foundation will provide a gift receipt suitable for tax
purposes acknowledging each gift.
A Board
of Directors comprised of loyal alumni and friends administers and invests
charitable gifts to maximize the gift's value to the University. The
Foundation is tax exempt under provisions of section 501(c) (3) of the
Internal Revenue Code. The Internal Revenue Service has further ruled that
contributions to the Foundation are deductible by donors as provided in
section 170 of the Code for federal income, gift and estate tax purposes.
These provisions provide the most favorable tax advantages allowed by the
Internal Revenue Service for charitable contributions.
|