How do Electronic Gift Payments work?
The Electronic Gift Payment program is a pre-authorized electronic fund transfer similar to direct payment of loans or dues, pay-by-phone, and other electronic banking services you've already experienced. Electronic fund transfers reduce paper handling for both you and the University.

Why does the University recommend this program?
In addition to the convenience to you, this plan eliminates costs the University otherwise would expend on pledge reminders, postage, and other administrative details. It puts your gift to work faster and easier.

How do I get started on the program?
You simply need to complete an authorization agreement indicating your desire to participate in the Electronic Gift Payment program. Send your completed agreement to Gift Accounting, Office of University Development, P.O. Box 400807, Charlottesville, VA 22904-4807.

When will my gift be transferred to the University?
Your monthly gift will be transferred to the University on or about the 10th of each month. After we receive your authorization agreement, your first Electronic Gift Payment will occur within 30-45 days. Fixed amounts may be given to the University for a defined or indefinite period of time in the amount you specify.

Must I notify the bank each month of my intention to make a donation?
No, your bank automatically sends your gift directly from your bank account to the University of Virginia's bank account.

What happens if I move from city to city during this period?
Electronic Gift Payments are processed through the Federal Reserve System so your location is not a concern. Simply complete a new authorization agreement and send it in. If you prefer, you may call the Development Office at (800) 688-9UVA (9882) to request that we send you a new form.

Can my employer match my Electronic Gift Payments?
Many companies encourage charitable giving by matching their employees' contributions. To find out if your company matches gifts, contact the company's human resources department or check this online company search. For recognition purposes, you will be credited for your employer's contribution.

What happens if I change banks?
This is a very common occurrence and is handled simply by completing a new authorization agreement and sending it to the Office of University Development with the updated information. This will ensure that your Electronic Gift Payments continue without interruption. If you prefer, you may call the Development Office at (800) 688-9UVA to request that we send you a new form.

Can more money be taken from my account than I have authorized?
Absolutely not. Your Electronic Gift Payments, as with any banking transaction, are regulated by federal agencies. You designate the amount and frequency of the transactions.

How do I know if my gift is going to the designated recipient?
Your Electronic Gift Payment is itemized on your bank account statement each month, showing the date, the recipient (in this case, the University of Virginia), and the amount. You will receive a receipt for each Electronic Gift Payment from each area of the University to which you have designated your gift.

What if I want to change the amount of my gift?
This can be quickly accomplished by completing a new authorization agreement, indicating the new amount on the form, and sending it to us by mail. If you prefer, you may call the Development Office at (800) 688-9UVA to request that we send you a new form. For your security, we cannot currently take changes online, by e-mail, or over the telephone.

How will my Electronic Gift Payments be recognized for Recognition Society purposes?
The University operates on a fiscal year running from July 1-June 30. Each Electronic Gift Payment will be recognized in the fiscal year in which it is received. For more information on our Recognition Societies, please contact our Director of Annual Giving at (434) 924-7306.

Is there a minimum amount that I must give through the Electronic Gift Payment program?
No. We are grateful for your gifts in any amount, large or small.

If I still have questions, where can I get answers?
Contact our Director of Gift Accounting at (434) 924-7306.