A gift of cash

Checks can be mailed to the University of Memphis Foundation, Department 238, P.O. Box 1000, Memphis, TN 38148-0001 or personally delivered to The Alumni Center at 635 Normal Street, Monday - Friday, between 8:00 and 4:30. On December 31, the office will be open to receive gifts from 9:00 am until 1:00 pm. Current gifts can also be made by credit card online at www.memphis.edu/giving or by calling 901.678.3953. Automatic draft options are also available.

A gift of appreciated stock

If you have appreciated stock, you may be able to make a very tax-wise gift to the UofM. When you give appreciated stock, you may be able to take a deduction for its full value, not just its original cost, and may avoid the capital gains tax that would be incurred if you had sold the asset. For information on donating securities, please call 901-825-9083.

Gift of retirement assets

Gifts from retirement funds may also be a wise choice. You may find that your retirement plan can be a convenient "pocket" from which to make charitable gifts to the University of Memphis each year. Of special interest at this time, your IRA may offer a beneficial way to give.  There is currently a special tax provision for those over the age of 70½. It is possible to make completely tax-free gifts from traditional IRA and Roth IRA accounts through the end of the year.

You may direct that any amount up to a total of $100,000 from a traditional or Roth IRA be given directly to the University without worry about normal deduction limitations, additional taxes on Social Security benefits, state income taxes, or other adverse tax consequences that might otherwise apply. These benefits only apply to gifts completed by December 31, 2009. For more information on giving from your IRA, click here.

We are most grateful for your continued support of The University of Memphis. If you want to make a gift, but are unsure about the best way, please call us and let us share some possibilities with you. Contact the Director of Development at the College of your choosing at the UofM or contact Dan H. Murrell, CFRE at 901-678-2732 or dan.murrell@memphis.edu.

This information should not be construed as investment, tax or legal advice. Before making your charitable gift, please consult with your financial, legal and other advisors.