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Giving to LU |
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2013-2014 |
You can make a difference at Living University in many ways. Each gift is important to us. You can make an outright gift of cash or securities, donate your time, make a gift-in-kind, or make a planned gift in consultation with our staff. Gifts to the University may take the form of unrestricted giving, or they may provide direct support for one of the University's special initiatives, such as the building fund, library fund, or scholarship fund. Living University is a not-for-profit (or charitable) organization with 501(c)(3) IRS status. Contributions to Living University are tax deductible in the manner and to the extent provided by section 170 of the Internal Revenue Code. It is recommended that you consult your tax advisor regarding the exact deductibility of gifts to Living University. The University's Tax ID number is 20-8594079. Below is general information about how you may maximize your giving potential. For more information on making gifts please contact us by e-mail at advance@livinguniv.com or contact the President's Office at 704 844-1966. Below are various ways individuals make gifts. Cash, Check or Credit CardGiving by cash, check, or credit card is the most direct way to make a gift to Living University. These gifts can result in immediate tax savings for you and provide the University with funds for current use. Generally, you may deduct up to 50 percent of your annual adjusted gross income for such gifts. Any deduction in excess of that you can carry over and use as a deduction within the next five years. Unless you specify otherwise, undesignated gifts are credited to the Annual Fund, which supports the areas of greatest need. Click here to begin online gift process. Stocks and SecuritiesThe gift of stock or appreciated securities offers a donor the opportunity to realize significant tax advantages. A charitable gift in the form of long-term appreciated securities generally provides two important tax advantages to the donor. First, the donor is entitled to a charitable income tax deduction based on the fair market value - not the cost basis - of the securities, provided that they have been owned for more than twelve months. Second, the donor avoids any potential tax on the capital gains and any sales commission that would be payable upon sale of the securities. Securities can be donated outright or transferred to fund life-income gifts, and can include publicly traded common stocks and bonds. For a stock transfer, please contact Thomas Turner, at the Office of Legal Affairs & Risk Management, or by phone 704-844-1966. Personal PropertyPerhaps you have a cherished collection of art, rare books, stamps, antiques or manuscripts. Individuals who have enjoyed such treasures during their lifetime often hope that others will learn from and appreciate them well into the future. LU welcomes property that can be used for teaching purposes or sold for the benefit of the University. Real EstateAs with other appreciated property, a gift of real estate can unlock the full value of your property and offer you specific economic advantages, while providing lasting benefits to LU. The University carefully evaluates each potential gift to ensure that it will enhance the University's mission. Marketability of the property is usually a key consideration. If you need additional information concerning any matter related to giving to Living University, please feel free to contact Michael Germano, Scott Winnail or Thomas Turner by phone at 704-844-1966 or send your email to advance@livinguniv.com. Our mailing address is: Institutional Advancement Office |
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