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Make Your Gift or Pledge Now
Click here to make your gift or pledge now. Print out the form, complete it, and make your check payable to the USF Foundation, Inc. Please include any specific designation
of your gift for a specific department or program on your check memo. For questions please contact the USF
Sarasota-Manatee Advancement Office at (941) 359-4582 or email us at
giving@sar.usf.edu.
Gifts are to be mailed to:
USF Sarasota-Manatee
Advancement Office C325
8350 North Tamiami Trail
Sarasota, Florida 34243
Phone: (941) 359-4582 |
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Gifts of Securities
An excellent way to support USF is through a gift of long-term appreciated securities. This method of giving offers the possibility of a two-fold tax savings. First, you may avoid any tax on the increase in value of the stock since its
purchase, and you may receive a tax deduction for the full fair market value of the stock at the time of the gift.
If you own appreciated stock, you can literally make a larger gift with less money. How? If you sold the stock yourself, you would be subject to capital gains tax on the appreciation, and you would have less available cash to make a gift.
Because the USF Foundation is a tax-exempt 50% limit organization, if you give appreciated stock instead of cash, you will not be subject to capital gains tax on appreciation. Also, the gift may be eligible for a charitable deduction for the
full market value of the stock.
If you give a $1,000 gift of cash, it will always cost you, well, $1,000. The same $1,000 gift, given as a gift of stock subject to capital gains tax of $100, may only cost you $900. For more information on the tax deductibility of gifts of
appreciated securities, we encourage you to consult your tax advisor.
Giving stocks or bonds to the University of South Florida Foundation is simple. Just email us at
giving@sar.usf.edu for more information or telephone us at (941) 359-4558. We'll provide our account number and
simple instructions so you can have your broker make a transfer.
Gifts of Real Estate
Giving your home, condominium, vacation home, or farm to the University of South Florida will allow you to make a significant gift, along with the possibility of a valuable tax deduction. As in the case of appreciated securities, if the sale
of your property would be subject to capital gains tax, you may avoid this tax by giving the property to the USF Foundation. Even with highly appreciated real estate, you can claim a charitable deduction for the full, appraised market value of
non-mortgaged property. Also, donating property removes the property from your estate, which can reduce estate taxes.
Did you know that you could give your home to USF and continue to live in it the rest of your life through a Retained Life Estate?
Before accepting a gift of real estate, the University of South Florida Foundation carefully evaluates gifts based on several factors. To safeguard the assets of the Foundation, we must consider environmental,
tax, maintenance, insurance and other potential liabilities before accepting a title to real estate.
Gifts of Tangible Personal Property
Giving art, gems, rare books or antiques, coin or stamp collections, or other tangible personal property to USF can be an attractive option for some donors. You may be eligible for a charitable deduction for property held over one year
according to the following two qualifications:
1) Property related to a university function (for example, art to the art museum, rare books to library special collections, computers)
2) Property not related to a university function (for example, jewelry, pleasure boats, livestock, coin collections)
Related-Use Property given to the USF Foundation is eligible for a charitable tax deduction for the full market value of the property (which may need to be determined by a qualified appraiser).
Non Related-Use Property given to the USF Foundation is eligible for a charitable deduction only for the cost basis of the property.
Before accepting a gift of personal property, the University of South Florida Foundation will determine whether property that is to be kept by the university is related to a higher-education purpose.
When considering a gift that will be safeguarded in collections of the USF Library or Art Museum, please consider an additional gift to ensure the long-term preservation of the property. If the donor intends that the university sell the
property, then the Foundation will determine the marketability of the property before accepting the gift.
Gifts that Reduce Taxes
Of course, every individual's situation is different, and we encourage you to consult your tax advisor when you are considering making a gift to the USF Foundation. However, most gifts that you give to the USF Foundation could qualify for tax
deductions that would reduce your taxes. Here are a few examples:
Income Tax Charitable Deduction
Gifts of Cash, Securities, Real Estate, and related-use Personal Property receive an income tax charitable deduction for the full market value of the gift. Gifts of encumbered Real Estate, Non Related-Use Personal Property, or Art donated by
the artist receive a smaller deduction.
For a gift of Cash, you may be able to claim deductions amounting to 50 percent of your Adjusted Gross Income in the tax year of the gift. If your deduction exceeds this limit, you may "carry-over" the
deduction into the following five tax years. For gifts of securities, personal property, and real estate held for more than one year, you may usually claim deductions amounting to 30 percent of your Adjusted Gross Income in the year of the
gift.
Capital Gains Tax
You may avoid all taxes on capital gains when you give a gift of Appreciated Stocks, Bonds, or Real Estate to the University of South Florida. If you have the choice, you should always consider making a gift with appreciated stock rather than
cash. This is because a gift of stock could literally cost you less money than a gift of cash.
Gift and Estate Tax
As many would-be heirs have found out the hard way, leaving an inheritance can be tricky business. The advice of a skilled estate planning professional can literally be worth its weight in gold. Often, that advice involves charitable planning
through the use of Charitable Trusts and strategically timed gifts made to minimize exposure to taxes. The USF Office of Planned Giving regularly works with attorneys, accountants, and financial advisors to create an estate plan that will best
serve donors and their heirs.
For more information on any of the current gift options noted, professional staff are available to answer your questions. Simply email
giving@sar.usf.edu or telephone us at (941) 359-4582 and we will be happy
to assist. |
