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Methods of Giving to the Marshall Annual Fund
The Marshall University Foundation Inc. is a
501(c)3 public charity as recognized by the Internal Revenue Service
and all gifts are tax deductible as permitted by law.
Gifts of Cash
Gifts of cash are the most common form of giving. Outright gifts of
cash to The Marshall University Foundation Inc. are charitable
contributions and qualify for deductions on your federal income tax
return for those who itemize deductions. Cash gifts may be
unrestricted and serve the greatest needs of Marshall or restricted
for a specific program.
Cash gifts also may be used to establish a charitable trust or gift
annuity, both of which provide you with a lifetime income, a
significant income tax benefit and an opportunity to make a
substantial deferred gift to Marshall.
Gifts of Appreciated
Securities
Many donors who have held securities for more than one year have
seen those investments appreciate in value. By making a gift of
those securities to the Foundation, you gain an immediate tax
deduction of the market value of the gift as permitted by law. You
may also be able to carry forward any unused part of the
contribution over a specific period of time.
In periods of rising markets, securities may be a particularly
attractive method of giving. To complete a transfer, you may present
securities to the Foundation with a "stock power" or endorse each
certificate on the back. Endorsed certificates should be
hand-carried or sent by registered mail to the Foundation. The
specific value of a securities gift is determined by the average
price between the highest and lowest quoted selling prices on the
valuation date. If the securities have depreciated in value, it may
be advisable to sell them at a loss and then give the proceeds to
the Foundation. The proceeds will be treated as a cash gift and a
capital loss may be claimed on your income tax return.
Please contact Office of Development at (304) 696-6412 if you are planning
an electronic transfer of securities or have any questions.
Real Estate
A gift of appreciated real estate provides an immediate tax
deduction of the value of the property. You may choose to fund a
life income plan or other trust with the proceeds from the sale of
real estate.
You may donate your home or farm to the university and retain a
lifetime right to use the property, or stipulate that certain family
members may have a life interest in the property, through an
arrangement called a "life estate contract." This approach has
attractive tax benefits because it provides an immediate income tax
deduction and also reduces your estate tax liability upon death. You
may contact the Office of Development if you are interested in this
form of gift.
The Marshall University Foundation Inc. reserves the right to refuse
a gift of property if it does not serve the best interests of the
university.
Life Income Plans or
Living Trusts
If you wish to make a gift to the Foundation, but first want to
provide for income during your lifetime or that of your spouse or
other family member, the following may be of interest.
Gift Annuity: The gift annuity is a combination of a gift to the
Foundation and an annuity. In return for your gift of cash,
securities and/or real estate, the Foundation provides you with a
contract that will pay you a fixed amount on a scheduled basis
during your lifetime.
The gift annuity provides an immediate income tax deduction for the
value of the gift based on Internal Revenue Service life expectancy
tables and your age. Also, a portion of the annuity payment is
tax-free return of the original principal. The combination of
partially tax-free income and the initial charitable tax deduction
makes this agreement quite attractive.
Corporate Matching Gifts
Many businesses have matching gift programs which will multiply
contributions by two, three or four times and will match gifts of
retirees, spouses and non-employee directors. Donors are urged to
take advantage of matching gift programs when possible. Check with
the personnel or community relations office in your company for
details.
Other Ways of Giving
Other ways to give to The Marshall University Foundation Inc.
include the donation of book collections, art works, maps,
furniture, equipment and many other items that can be used for
legitimate educational purposes. The tax value of these gifts is a
matter determined by you and qualified appraisers and approved by
the Internal Revenue Service. Gifts such as these are charitable
contributions and are deductible to the full extent allowed by law.
The Marshall University Foundation Inc. reserves the right to refuse
a gift if it does not meet the educational purposes of the
university.
* We would be pleased to meet with you, your attorney and other
advisors to discuss the most convenient method for you to make a
financial commitment to Marshall. The information provided here is
not a substitute for qualified legal or financial counsel. Remember,
tax and estate laws change frequently. We urge you to seek legal
advice to ensure that your preferences are fully accommodated.
All gifts are made to: The Marshall University Foundation Inc.
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