Give in Many Ways Throughout Your Lifetime
Annual gifts are the most popular way of supporting our school and the specific priorities important to you. For those donors who wish to make a more significant impact, endowing a scholarship, fellowship, or professorship can be accomplished through our Director of Development.
Cash, check, and credit card offer convenience, and gifts made with these methods return a charitable income tax deduction equal to the amount donated. Checks should be made out to the University of Maryland College Park Foundation and include the designation of your choice in the memo line.
Please visit our Giving page to explore various giving opportunity designations.
Checks made out to the University of Maryland College Park Foundation may be mailed to:
1117 Patuxent Building
4161 Fieldhouse Dr.
College Park, MD 20742.
They often represent the best value for donors who want to make an impact with their giving by keeping cash flow intact. Stock bought at a substantially reduced cost has the potential of increasing the value of your gift over time, as well as providing you with added tax advantages.
There are no hard and fast rules for selecting a stock as a gift, but the best choices will depend on the overall makeup of your portfolio. Here are a few general points to consider:
Stocks with appreciated value will give you the maximum leverage for an untaxed profit
By giving stocks in which you may have an over-weighted position in your portfolio, you may receive valuable tax relief while lightening your position.
Stocks with potential for increased value as charitable gifts now may allow you important tax savings if you consider your future capital gains tax liability.
Real estate, land, personal property, non-publicly traded shares, artwork, and other illiquid assets offer donors the double benefit of a fair market value charitable deduction and the ability to avoid long-term capital gains taxes—with the additional added convenience of not having to be involved in the sale.
Plan a Gift for the Future
With a strong affiliation for library and information science, information management, or other iSchool programs, specializations and areas of research, alumni and friends have chosen to support the College in their estate plans. This approach provides the School a long-term funding capacity, and at the same time potentially generates income for you or your loved ones. If you are interested in creating an endowment or supporting an existing fund, a planned gift through your estate can provide a significant impact that establishes a lasting change.
A few examples include:
Estate or Planned Gifts
These gifts are planned now but completed later—usually after the donor’s life—and are revocable by the donor in the meantime. Examples include:
Provisions in a will or living trust giving the university a specific amount, a percentage of the estate, or a specific asset
Beneficiary designations of retirement funds, like IRAs and 401(k)s and life insurance
Fund an endowment or make a larger gift than is possible during life
Plan a gift that will only happen after and if other estate goals are met
Make a gift but keep it revocable Long-term relationship with the university
Create a lasting legacy.
Life Income Gifts
You can also irrevocably donate an asset but keep a benefit for yourself or your family. Donors can give assets while retaining:
Income from the asset either in fixed or variable payments. This is done through a Charitable Gift Annuities or Charitable Remainder Trust.
The asset itself. This is made possible by donating the income from that asset to the university for a set period of time, with the asset returning to the donor or family at the end of the term through a Charitable Lead Trust. Charitable Lead Trusts deliver immediate, usable cash to the university.
The use of the asset, if it is a personal residence—including vacation properties and second homes—or farm. The donor can transfer ownership but live in and use the property for life via a Retained Life Estate gift.
Pooled Income Funds
In a pooled income fund, your contribution is invested along with other contributions, similar to a mutual fund. These funds pay quarterly income to you or a beneficiary of your choice, based on the fund's earnings, either for life or for a period of time, which you may determine.
Please contact your financial or tax professional to discuss which option best suits your needs.
By including the iSchool in your estate plans, you will join a special group of donors who are leaving their legacies, with perpetual giving through a planned gift. Equally important to note, you should choose now how you want your estate to be distributed rather than another party when you are unable to make these decisions.
If you are carrying more insurance coverage than your family obligations now require, you may find a hidden gift asset in a surplus, paid-up policy.