AS AN OSU GRADUATE STUDENT, Rick Presley,
'02, MS '06, was instrumental in creating the
transparent integrated circuit.
Gifts to the OSU Venture
Fund can help bring more leading-edge
research like this to the marketplace.
Venture Development Fund
Inspire innovation with a tax-wise gift
Last December, Duane and Barbara McDougall made a $50,000 gift to Oregon State University—for only $2,500.
They gave to OSU's Venture Development Fund, which supports the commercialization of research at Oregon State and provides donors with special tax benefits. Oregon taxpayers who contribute to the fund are eligible for a 60 percent state tax credit in addition to a federal tax deduction. For some donors, that can mean as little as a five percent out-of-pocket cost for their gift (see chart below).
"The Venture Fund provides two great opportunities: the opportunity to help make ideas generated at OSU commercially-viable and the opportunity on a personal basis, to realize tax savings," said Duane, who is the former CEO of Willamette Industries and a 1974 accounting graduate. "There are two benefits: most importantly, help OSU, and secondarily, help your own tax situation."
OSU researchers have created many promising innovations including transparent electronics, new vitamin-enhanced tomato varieties, and a soy-based wood glue that eliminates the need for formaldehyde in wood products.
Through gifts to the Venture Development Fund, donors can help more promising ideas like these become commercial products, strengthening the state's economy and improving lives.
For more information, contact Deanna Huntley at VentureFund@oregonstate.edu, 800-336-8217 or 503-553-3408.
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