Cash gifts of any size have an immediate impact on the college
program you designate. You may donate cash in a lump sum or, depending
on the gift size, pledge your gift over a period of time.
Benefit: If you itemize your tax deductions, your
gift is fully deductible up to 50 percent of your adjusted gross
income, with the option of carrying any unused balance forward for
up to five years.
Cash gift options:
Send a check or money order made payable to
the University of Minnesota along with a letter designating the
recipient of the gift.
University of Minnesota Foundation
McNamara Alumni Center
University of Minnesota Gateway
200 Oak Street S.E.
Minneapolis, MN 55455-2010
Use your credit card to make
a gift online. Our secure Web site encrypts all your personal
information so that it cannot be read over the Internet.
Call our secure credit card hotline at 612-626-8560.
Leave your full name and phone number, type of credit card, card
number, expiration date, amount of your gift, and designated recipient,
if any.
Payroll deduction is a convenient way for University
faculty and staff to make a gift. Complete a
payroll deduction form (in
pdf format) to make arrangements.
Employer matching increases the impact of your
gift. Each year more than 400 companies have matched gifts made
by their employees to the University of Minnesota. Some companies
may also match gifts from spouses and retirees. Search
our online database or call your personnel office to see if
your company has a matching-gifts program.
Appreciated securities
Gifts of stocks, bonds, treasuries, and mutual funds that have
increased in value are the most tax-advantageous method of making
a charitable gift. These gifts to IT can be made with a simple transfer
of ownership. Contact a development officer for more information
on this tax-smart way to make a gift, including information your
broker needs to make the gift electronically.
Benefit: Get a charitable deduction for the fair
market value of long-term capital gains property (up to 30 percent
of your adjusted gross income) and pay no capital gains tax on the
appreciation.
Real estate
Property, including homes, cabins, commercial buildings, and farmland
can be given to the college as a gift.
Benefit: Income tax savings in the year you make
the gift. Claim charitable deductions of up to 30 percent of your
adjusted gross income for gifts of appreciated property. Pay no
capital gains tax on the appreciation.
IRA assets
When retirement assets are rolled over and held in an IRA, they
are an excellent source of funds that donors can use to make outright
gifts to IT. Although the funds withdrawn from an IRA are fully
taxable, in many cases the charitable deduction will equal the amount
withdrawn and no tax will be owed.
