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Direct Raising and Receiving Gifts from the Private Sector: The following types of gifts are
solicited 1. Cash:
Cash gifts are outright gifts of checks, drafts, and money orders. If mailed
before the end of the year, they will enable those who itemize to take an income
tax deduction for that year. Gifts of cash are deductible for up to 50% of the
donor's adjusted gross income. Cash contributions in excess of the deduction
limitations may be carried over and deducted in the five tax years following the
gift. Donors are urged to take the maximum allowable deduction in each year. 2. Annual
Gift: These are gifts that are made every year. Annual gifts provide ongoing
support for the “University” campuses, schools, departments, and programs. 3.
Life Income Gifts: This group of planned gift options allow you to make a
substantial gift to the “University”, while still retaining income. Life
income gifts include: charitable remainder annuity trusts, charitable remainder
unitrusts, pooled income funds, charitable gift annuities, and gifts of
retirement plan proceeds and real property subject to life estate. 4. Outright
Gift: The value of an outright gift immediately benefits the
“University”. Outright gifts
include: cash, checks, and money orders; gifts of securities, real estate, and
tangible personal property; and corporate gifts, corporate matching gifts, and
gifts-in-kind. 5. Pledge:
Though a cash gift, a pledge to make a gift may not be deducted until the year
in which actual payment is made. Multi year pledges allow you to spread your
gift payments out over a period of time. 6. Securities:
A.
Long-term appreciated securities are those which have been owned for more than
one year, and have increased in value. If you itemize deductions, such a gift
would entitle you to a federal income tax deduction for the full fair market
value of the securities on the date of the gift, up to a maximum deduction of
30% of your adjusted gross income for the year. B. Short-term securities are those held
for less than one year. If you itemize, you will be entitled to a federal income
tax deduction for only the purchase price of the securities. C. Depreciated securities are those which have
declined in value since purchase. The FANUES Foundation suggests that the donors
sell them, take the tax loss, and donate the cash proceeds. This will provide
the maximum tax benefits from the gift. 7. Will
Bequests: When all is said and done, you may wish to make a gift to FANUES
Foundation by taking advantage of one of the easiest, most frequently used
methods ---- a bequest in your Will. Tax laws favor bequests, and consequently,
they are an excellent way to provide support. |
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