Present Gifts

• in The Annual Fund, or
• to provide for scholarship endowment, or
• to help fund the construction of new buildings

Such gifts may include:

• Cash
• Appreciated securities
• Tangible personal property
• Real estate
• Life insurance
• Closely held stock

Cash - usually in the form of a check is the easiest and most convenient gift for most people. Campaign gifts may be made outright or pledged through the next five years. Generally, cash gifts are deductible up to 50 percent of your adjusted gross income with any excess deducted over the next five years.

Appreciated Securities - such as stocks, mutual funds and bonds may be the most cost-effective way for you to make a gift. When you give appreciated property owned for more than twelve months, you not only receive a deduction for the full value of the asset, but you also avoid the capital gains tax due on the sale of the property. Generally you can deduct these gifts for up to 30 percent of your adjusted gross income. Please call us for instructions on the method of transferring the appreciated property.

Tangible Personal Property - such as rare books, gems, artwork, collections of value, antiques, equipment and other personal property may be acceptable. They generate tax deductions equal to the full fair market value if they are related to the University’s educational purpose.

Real Estate - commercial or residential may also be a very cost-effective means of giving. If you wish to make a sizeable gift to the university, giving a home or land you no longer need will provide a charitable income tax deduction based on the appraised value of the property and also avoid capital gains tax. In light of current liability concerns, the university requires an environmental review of most gifts of real estate.

Life Insurance - may provide a very practical way of making a gift to Union University. A simple transfer of ownership of an existing policy with cash value will allow us to immediately use that cash value.

Closely Held Stock - may be given to the University. Closely held corporations are corporations whose stock is owned by family members and/or by business associates. Please contact us for details on these transfers.