University of Pittsburgh

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Notes from Novak

The past several months have been challenging for our entire nation. As we all continue to deal with the uncertainty of our economy, we at Pitt are acutely aware of the impact this is having on our students and their families. We continue our dedication to raise funds to support Pitt students and know that thousands of alumni and friends worldwide will join us in this effort. If you would like to make a gift to support our students, please consider going online today to www.giveto.pitt.edu.

I’m pleased to report that we continue to progress well in our fundraising efforts. As of today, our campaign total is $1.3 billion. Gifts from our loyal donors continue to make a difference at the University of Pittsburgh—gifts like the recent contributions from CONSOL Energy.

As you will read in the accompanying article, CONSOL is investing in the historic preservation of vintage mining maps and photographs it has donated to our Hillman Library as well as investing in the Swanson School’s mining engineering education program.

One final note: Recently, the U.S. Congress reauthorized legislation that allows donors to make charitable gifts from their IRA accounts during the 2008 and 2009 tax years without incurring income tax on the withdrawal. If you are age 70½ or older, are required to take minimum withdrawals, and do not need them for personal use, this may be a great way to make a gift to one or more qualified charities. While you cannot claim a charitable deduction for IRA gifts, you will not pay income tax on the amount.

If you would like more information on this gift option, please contact Pitt’s Office of Planned Giving by phone at 1-800-817-8943 or go online to www.giveto.pitt.edu.

Thank you for your continued support of the University of Pittsburgh.

Hail to Pitt!

Al

Campaign Watch

Institutional Advancement is committed to reaching the University’s ambitious $2 billion goal. Pitt’s alumni and friends have contributed generously, making our current campaign total $1.3 billion!

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