MAKE THE MOST OF YOUR YEAR-END GIVING

Your generosity will provide essential support to students, faculty, research, and programs at the University of Minnesota or M Health Fairview.

If you are considering making a gift by the end of the year, you may wish to do so in a way that also provides you with tax savings. For example:

  • Give appreciated assets
    • Giving securities, such as stocks, bonds, or mutual funds that have increased in value, is a smart way to support the causes you are passionate about. 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 appreciated asset. 
  • Give from an IRA
    • IRA owners who are age 70½ or older can give up to $105,000* 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. IRA owners can now give up to $53,000* directly from their IRA to fund a gift that pays lifetime income (special rules apply). 
    • *indexed for inflation
  • Make a gift that pays fixed income for life
    • You can give cash or appreciated securities to the University or M Health Fairview to fund a charitable gift annuity. In return, the University of Minnesota Foundation pays you (or up to two people you choose) a fixed annual amount for life. 
    • You receive an income tax deduction for a portion of the gift, and part of each annuity payment is tax-free. You also can save on capital gains tax if the gift annuity is funded with appreciated securities. Contact us at [email protected] or 612-624-3333 to request a personalized gift annuity illustration.
  • Give from a donor-advised fund
    • Giving to the University of Minnesota or M Health Fairview 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 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 part of the remainder of your donor-advised fund, please contact your DAF administrator.

For more information about ways to give, contact the University of Minnesota Foundation’s Office of Gift Planning at [email protected] or call 612-624-3333.

 
 

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The maximum amount that IRA owners age 70 ½ or older can give as an IRA qualified charitable distribution (QCD) in any one tax year is adjusted annually for inflation.

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