Gifts of Cash
The simplest method of giving, an outright gift may be declared as a charitable deduction on your federal income tax return for the year you make the gift—up to 50 percent of your adjusted gross income. You may deduct the excess balance over the next five years.
Gifts of Securities
You may give stock-both publicly and privately owned-or bonds to DUMC. If you have owned securities for at least one year, you will qualify for a charitable tax deduction equal to the value of the securities on the date they're given. DUMC may then sell the securities and use the funds without having to pay capital gains taxes. Gifts of appreciated securities are deductible up to 30 percent of your adjusted gross income in the year you make the gift. You may deduct any excess balance over the next five years. In some cases, our donors can save substantially more in taxes by giving securities as opposed to cash.
Gifts of Privately Traded ("Closely Held") Stock
require additional planning, but our planned giving staff can explain the benefits and options.
Gifts of Real Estate
You may donate land or other property to DUMC—whether it's a residential or vacation home, a farm, commercial building, residential lots, or unimproved land. Your gift may consist of the entire property or a fraction. DUMC usually offers the property for sale soon after you donate it, and your charitable tax deduction is equal to the fair market value of the property (or your portion of it) at the time you make the gift. You will enjoy the same benefits with gifts of real estate as you would with gifts of appreciated stock.