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Spring Deadline: Dec 15

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Fall 2016 Deadline: Mar 16

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Spring Deadline: Dec 15

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"Continue to positively impact American education so every student recieves optimal teaching and learning, every day."

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"Being the first one in my family to attend college."

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"Continue to positively impact American education so every student recieves optimal teaching and learning, every day."

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"Most proud of my accomplishment of graduating with a degree in accounting in three years with Summa Cum Laude and Honors."

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2016 YEAR-END GIVING 

Thank you for supporting the University of Memphis. Your gift changes the lives of each of our students for the better. As 2016 comes to an end, and a new year with new opportunities unfolds, there are several options for you to make a year-end investment. Scroll down to select the option that is right for you.  

Thank You

Please note that the University is closed beginning Friday, December 23, 2016 and will reopen Tuesday, January 3, 2017. 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, 2016 to be eligible for a 2016 charitable deduction. Therefore, we recommend that you use our fast and secure online giving form for immediate processing.

By Check:
Please print the giving form and mail it with your check made payable to the University of Memphis Foundation to:

University of Memphis Foundation
Department 238
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, 2016 will be counted for 2016 regardless of when it is received by 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.

Gifts from retirement assets:
IRAs can be a great tax-deferred savings vehicle, but they can also be a tax trap. Millions of Americans who have reached the "required minimum distribution" age of 70 ½ are forced to withdraw taxable income from their IRAs when they have no need or desire to do so, resulting in a higher tax bill (and perhaps even a higher income bracket). The Pension Protection Act was made permanent by Congress in 2015 and gives a smarter option to IRA owners who are charitably inclined and age 70 ½ or older. The IRA Charitable Rollover allows a tax-free transfer directly from certain IRAs to qualified charities (like the UofM Foundation) without income tax consequences. The requirements and restrictions are as follows:

  • You must be at least 70 ½ years old at the time of the gift.
  • Only traditional IRA accounts may be used.
  • You may transfer up to $100,000 a year.
  • Distributions must be made directly to the University of Memphis Foundation from the IRA by the IRA Administrator.
  • You may not receive any goods or services in exchange for the IRA Charitable Rollover.

The end result of a qualified IRA Charitable Rollover is that the money distributed to the UofM Foundation will not count as income for you, but it will count toward your required minimum distribution.
Contact Bobby Prince, Chief Development Officer, at 901-678-3951 with any questions or to let us know that a transfer is on the way (sometimes IRA administrators don't give us all the needed information!).