Outright gifts can provide immediate to students, faculty and programs, or establish an endowment to provide funds in perpetuity for the purpose you choose.
The type of asset you choose is as important as the type of gift in maximizing the tax advantages to you. By combining an outright gift with a deferred gift, you may be able to make an even more substantial investment in our mission of teaching, research, patient care. Gifts of cash are deductible up to 50 percent of your gross income. Gifts of appreciated property, such as publicly-traded securities or real estate, are deductible up to 30 percent of your adjusted gross income. The deduction can be taken in the year you make gift with a five-year carryover of the excess deduction.
Gifts can be made by personal check, through credit/debit transactions, cashier’s checks, or money orders. One of the easiest ways for faculty and staff to give is through payroll deduction.
CLOSELY HELD STOCK
A gift of closely held stock allows you to make a sizable charitable gift while realizing valuable tax benefits.
Your gift of cash or securities may be substantially increased when matched through your company’s matching gift program. When you make a gift, ask whether your employer participates in such a program and return the appropriate form with your gift.
A meaningful way to remember a friend or loved one and express sympathy to their family is by making a gift in memory of them. You can also make a gift to express your appreciation by honoring someone special – a family member, a friend, a colleague, a caregiver.
Gifts of appreciated securities, stocks, bonds or mutual funds transferred to Carolina provide considerable tax advantages.
Using real estate, such as your house, farm or commercial property, to fund a gift allows you to preserve your cash assets and receive significant tax benefits. The gift can be for all your interest in the property or an undivided fractional interest.