Up to 50 percent of adjusted gross income can be deducted in any one year.
Excess can be deducted over the next five years.
Actual savings depend on tax rate.
The higher the tax rate, the greater the savings.
Pledges
Payable over a three to five-year period.
Deductible in the year a payment is made.
Matching Gifts
Takes advantage of programs offered by many employers.
Leverages donor's gift to a higher level.
Appreciated Property
If qualified as a long-term capital asset (a year and a day), property should be given outright.
Avoids payment of capital gains tax due if property were sold.
Deduction given for full value of property, limited to 30 percent of adjusted gross income.
Excess beyond 30 percent can be carried forward for five years.
Property That Has Lost Value
Donor sells the property, takes loss for tax purposes, then contributes the cash received from sale.
Deduction given from both the loss and the charitable gift.
Closely Held Stock
Produces a current tax deduction equal to fair market value of the stock.
Corporation may redeem shares of the stock from your institution.
Could reduce liability for accumulated earnings tax.
Real Estate
Possible for donor to make gift of residence, farm, or vacation home, reserving right of occupancy as long as donor and spouse live.
Irrevocable gift qualifies for immediate tax deduction based on present value of remainder interest.
Assign directly to the organization or, preferably, transfer through broker.
Amount of contribution is fair market value on the date of transfer.
HOW TO CONTRIBUTE TODAY!
Your support is vital to our on-going mission to serve the Children of Central New York. Make a gift on our secure on-line site using a MasterCard or Visa credit card.
When contributing to the Golisano Children's Hospital—
If you would prefer to mail in your contribution, please download PLEDGE FORM and send to the Foundation.
Please contact the Foundation today to discuss your gift...
Upstate Medical University Foundation Eileen M. Pezzi Vice President for Development pezzie@upstate.edu 750 East Adams Street
Syracuse, New York 13210
