Questions About Giving

Q: What does unrestricted mean?

A: Unrestricted gifts are funds that Hollins can spend immediately to support the greatest needs of the institution. They are not earmarked for a specific program or initiative.

• Unrestricted gifts to the Hollins Fund help meet day-to-day operations of the institution, such as faculty salaries, library books, heating and cooling, laboratory supplies, athletic equipment, and maintenance. Approximately 10 percent of the Hollins operating budget is funded annually by gifts to the Hollins Fund.
• Unrestricted gifts to the endowment enable Hollins to respond quickly to timely opportunities or changing demands of today's academic environment. Endowment income helps pay competitive faculty salaries, provide competitive financial aid packages, and to maintain and improve facilities at higher levels than can be funded by tuition alone.

Q: What is Hollins' fiscal year?

A: July 1 - June 30. The fiscal year is determined by the calendar year in which it ends; for example, fiscal year 2008 began on July 1, 2007 and ended June 30, 2008.

Q: Can I make my gift online? Is my credit card protected?

Yes. We accept Visa, MasterCard, American Express, and Discover. Our online giving form is a secure form backed by Authorize.Net's powerful 128-bit encryption.

Q. Is there another way I can give besides online?

A: Yes. You may mail a check made out to Hollins University to P.O. Box 9629, Roanoke, VA 24020 or call us toll-free at 800-846-5371 (800-Tinker1).

Q: Can I direct my gift to a specific place?

A: Yes. Hollins has many areas that need the support of alumnae, parents, and friends: the Hollins Fund, scholarships, endowment funds, capital projects, the Eleanor D. Wilson Museum, and the Friends of Athletics. Just select the "other" button on the Give Online form if you would like your gift directed to another designation besides the Hollins Fund, and type in where you would like your gift directed.

Q: Is my gift tax deductible?

A: Yes. You may have to reduce your gift amount by any benefits you received as a result of your gift. Hollins will let you know if you received any benefits that you must report as a reduction to your deduction. For income tax purposes, Hollins' federal ID number is 54-0506314.

Q: How can I get my gift matched by my employer?

A: Matching gifts enable you to double or even triple the amount of your gift to Hollins. If your company, your spouse's company, or a corporate board you are a member of has a matching gift program, getting your gift matched is easy. All you need to do is contact the company's personnel office to obtain the forms, fill them out, and mail them to Hollins. Some companies have matching gift forms online; ask your personnel office for more information.

Q: How can I make a gift of stock?

A: Electronic transfer is the safest and fastest way to give stock to Hollins. It requires two easy steps:

• Call the External Relations Office at (800) 846-5371 or e-mail gifts@hollins.edu to give the name of the stock, the number of shares you intend to transfer, the approximate value of the stock, and the designation.
• After contacting Hollins, instruct your stock broker in writing to transfer the shares to: Morgan Stanley Smith Barney, D.T.C. #0418, for credit to Hollins' account: 42A0002913. Advise your broker of the approximate number and value of shares you intend to give and if you want the gift to be for any special purpose at Hollins. Have your broker speak with Kyle Frazier or Stephen Waskey at the Roanoke office of Morgan Stanley Smith Barney, (877) 449-4449 (toll free). Their web site is: http://fa.smithbarney.com/dunkenbergerwaskeygroup

For information on how to transfer stock certificates by mail, please contact the External Relations Office at (800) 846-5371 or gifts@hollins.edu. You also may give mutual fund shares to Hollins and avoid capital gains tax on the appreciation in value. Each mutual fund company has different procedures. Please contact Hollins directly for assistance.

Q: What are the different levels of giving?

A: A gift of any amount is valuable and appreciated. However, gifts of $1,842 or more give you membership in The 1842 Society, our leadership giving society. Miss Matty's Circle is our leadership donor society for alumnae for graduated within the last 14 years.

Q: Can I give my gift in installments?

A: Yes, you may fill out our Give Online form with your pledge for the current fiscal year and give your gift in installments. Please contact us at (800) Tinker1 or gifts@hollins.edu if you would like to make your gift in installments.

Q: What is the minimum gift to start a scholarship? What if I wanted to endow it?

A: A gift of $100,000 will fully endow a named scholarship, providing approximately $5,000 per year to a deserving student or students. A gift of $500,000 will endow a competitive, full-tuition scholarship. To learn more about scholarships, see the scholarship page.

>> List of endowed scholarships at Hollins

Q: I'd like to get involved. What volunteer opportunities are available?

There are a variety of ways to give the gift of your time to Hollins, and we appreciate your efforts. You may volunteer for admissions, your class, your local alumnae chapter, or as a career advisor to students. Contact us at 800-846-5371 (800-Tinker1) or alumnae@hollins.edu to let us know how you would like to get involved.

Q: How can I change my address?

A: Just fill out the Online Update form with your new information, and we will update your records. You may also contact us at 800-846-5371 (800-Tinker1) or alumnae@hollins.edu to update your information.