This brochure discusses the implications of the Tax Reform Act of 1969 for university and college development officers charged with the responsibility for solicitation of gifts, bequests and grants from foundations. The solicitation of deferred gifts, bequests and grants from foundations is discussed in chapter one in relation to tax reform and private foundations, individual contributions, corporation deductions, the definition of public institutions, required pay out, limitations of expenditures, required reports, the overall effect of the Tax Reform Act, and the identification of private foundations which are likely to consider liquidations. Chapter two reviews bequests and deferred gifts, specifically, accrued tax benefits, bequest programs, private campaigns, deferred gifts, deduction exceptions, pooled incomed funds, charitable remainder trusts, and the regular unitrust. (MJM)