Make the most of your year-end giving
How to support your favorite U of M cause and save on taxes

Your generosity can provide essential support to students, faculty, research, and programs at the University of Minnesota. 

If you are considering making a gift to the University or to M Health Fairview by the end of the year, you may wish to do so in a way that also provides you with tax savings. Here’s how you can do that:

Give appreciated assets

Giving securities, such as stocks, bonds, or mutual funds that have increased in value, is a smart way to support the U of M. For securities held longer than one year, you may deduct the full fair-market value, subject to applicable limitations. If you do not itemize deductions, you may still benefit by avoiding capital gains tax that would be due upon the sale of the asset. 

Give from an IRA

IRA owners who are age 70 ½ or older can give up to $100,000 directly to charity from their IRA, tax-free. The amount of the charitable distribution can be excluded from your federal income, lowering your overall tax liability. This option provides tax savings even if you do not itemize deductions. 

If you are using an IRA checkbook to make a gift, the date of the gift is established when the IRA administrator transfers the funds after the charity deposits the check, not when the check is postmarked or delivered. The time it takes the IRA administrator to transfer the funds varies. Please contact your administrator as soon as possible to ensure your gift is completed by December 31.

Make a gift that pays fixed income for life

You can give cash or appreciated securities to the University to fund a charitable gift annuity. In return, the U of M Foundation pays you (or up to two people you choose), a fixed annual amount for life. 

You receive an income tax deduction for part of the gift, and a portion of each annuity payment is tax-free. You also can save on capital gains tax if the gift annuity is funded with appreciated securities. To request a personalized gift annuity illustration with the new higher rates, contact the University’s planned giving staff or call 612-624-3333.

Give from a donor-advised fund

Giving to the University from your donor-advised fund (DAF) is simple. If you recommend a grant to the University of Minnesota Foundation, your DAF administrator will distribute the grant directly. If you would like to designate your gift for a specific campus, college, or program, please provide that information to your DAF administrator at the time you request the grant.

Most DAFs also allow donors to recommend the charities that will receive the remaining fund assets after they pass away. If you would like the University of Minnesota Foundation to receive all or a portion of the remainder of your fund, please contact your DAF administrator.

SUPPORT WHAT IS MEANINGFUL TO YOU

Our development staff can help you direct your gift to a U of M college, campus, or program of your choosing. If you are unsure which gift option may be best for you, or how you would like your gift to be used, please contact our team of gift planning professionals or call 612-624-3333.

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Donor generosity can provide essential support to students, faculty, research, and programs at the University of Minnesota. 

If you have included a gift to the University of Minnesota or M Health Fairview in your will or other estate plan, thank you!

“The scholarship really helps me and my family. I get to pursue a higher education and, perhaps, I will be able to find my dream job because of it.”