A reminder to faculty, staff, students, and families who donate to Illinois Institute of Technology: If you have any questions about giving or receiving donations, please contact firstname.lastname@example.org for assistance.
Checks MUST be postmarked by December 31, 2022 in order to be tax deductible in 2022. Please direct checks to the following address:
Illinois Tech Advancement
7565 Solutions Center
Chicago, IL 60677-7005
If your department receives a check directly, please immediately bring the check in its original envelope to the 17th floor of the Michael Paul Galvin Tower and drop it in the red dropbox located outside the Office of Advancement—along with a completed Gift Transmittal Form. Hard copies of the Gift Transmittal Form are provided next to the dropbox, and digital copies can be accessed via a QR code that can be found on the sign above the dropbox.
Please note ALL gifts (checks, money orders, credit cards, ACH payments, stocks, etc.) MUST be processed by the Office of Advancement. Contact email@example.com if you have any questions.
Ways to Give
Please see the Ways to Give page for detailed information on how alumni and donors can give to the University.
The deadline for processing 2022 credit card or debit card gifts—whether through the mail, online, or over the phone—is December 31, 2022, at 11:59 p.m. EST.
To donate using a credit or debit card, or electronic check, refer donors to our online giving page.
Transfers must be initiated before December 31, 2022 in order to be tax deductible in 2022. The official gift date is the day electronically transferred funds are received in Illinois Tech bank account at PNC. Please provide the donor with the Illinois Tech wire transfer form.
Stock or Mutual Fund Gifts
In order to complete the transfer of assets by December 31, 2022, stock transfers should be initiated no later than December 21, 2021, to ensure processing in this calendar year. Please advise the donor to use the Illinois Tech stock transfer form.
For mutual fund gifts, please ensure the transfer is initiated no later than December 18, 2021. Please advise the donor to use the Illinois Tech stock transfer form.
Qualified Charitable Distributions
If you are over 70 ½ years old, consider making charitable donations from your IRA using a Qualified Charitable Distribution (QCD).
You can transfer up to $100,000 per year to an eligible charity. While a QCD does not generate a charitable deduction, you do not have to report the income. This is a great option for people to still get a tax benefit even though they are not able to itemize deductions.
The deadline for making a QCD varies:
- If your IRA custodian is sending the check directly to Illinois Tech, the check must be mailed before December 31, 2022.
- If you have a checkbook for your IRA and write a check, the check must be CASHED by December 31. If you plan on making a year-end QCD by writing a check, be sure to leave plenty of time to allow us to process your donation.