2015 YEAR-END GIVING
As 2015 comes to an end, and a new year with opportunities unfolds, there are several options to make a year-end investment in the University of Memphis in the most tax-wise and effective manner. Scroll down to select the option that is right for you.
Please note that the University is closed beginning Thursday, December 24, 2015 and will not reopen until Monday, January 4, 2016. The information below is designed to assist you with your year-end gift planning. If you need additional assistance, please call 901-678-3951.
Ways to Give
By Credit Card:
Click HERE to make a gift online.
The date your credit card gift is effective for tax purposes is the date the card is charged. Credit card gifts must be processed by midnight on December 31, 2015 to be eligible for a 2015 charitable deduction. Therefore, we recommend that you use our fast and secure online giving form for immediate processing. Alternatively, you may call 901-678-3951 to make your credit card gift over the phone.
Please print the giving form and mail it with your check made payable to the University of Memphis Foundation to:
University of Memphis Foundation
P.O. Box 1000
Memphis, TN 38148-0001
A gift made by check mailed via U.S. Postal Service with a postmark and check date on or before Dec. 31, 2015 will be counted for 2015 regardless of when it is received at the University of Memphis.
By Transferring Appreciated Securities:
If you have appreciated stock, you may be able to make a very tax-wise gift to the U of M Foundation. When you give appreciated stock, you may be able to take a deduction for its full value and avoid the capital gains taxes that would be incurred if you had sold it.
Transferring stock to the U of M Foundation is simple. Please call 901-678-3951 for instructions.
Gifts from retirement assets:
The IRA charitable rollover legislation passed by Congress was signed by the President on December 18, 2015. This law extends the IRA charitable rollover retroactively for 2015 and makes it permanent.
To take advantage of the extension for 2015, you should contact your IRA administrator now and request a direct transfer from your IRA to the University of Memphis Foundation by December 31 to count against your required minimum distribution for 2015. Direct transfers from IRAs to the UofM Foundation made earlier in 2015 in anticipation of the IRA charitable rollover being extended will also count. To qualify, you must be age 70 and a half or older. The annual limit is $100,000, and donor-advised funds and supporting organizations are not eligible.
As the IRA charitable rollover now has no expiration date, you will have the ability to plan such gifts in the future.