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Present Gifts
Present Gifts may be immediately
used by the university:
- in The Annual Fund, or
- to provide for scholarship endowment,
or
- to help fund the construction of new
buildings
Such gifts may include:
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. |
