Your year-end support is especially critical to helping the U of M continue to educate
the dreamers, thinkers and doers who will strengthen and lead this community. As 2013
comes to an end, and a new year with new opportunities unfolds, there are several
options to make a year-end investment in the University in the most tax-wise and effective
A gift of cash
Checks can be mailed to the University of Memphis Foundation, Department 238, P.O.
Box 1000, Memphis, TN 38148-0001 or personally delivered to The Alumni Center at 635
Normal Street, Monday - Friday, between 8:00 and 4:30. Please note that the University
of Memphis offices are closed beginning Tuesday, December 24 and will not reopen until
Thursday, January 2, 2014. However, the Alumni Center will be open on Tuesday, December
31, 2013 from 8:00 until 2:00.
IRS regulations indicate that a check mailed to us is considered delivered on the
day it is mailed. A gift sent through the mail must be postmarked by December 31,
2013 to be deductible in that year.
For your convenience, year-end gifts can be made by credit card online at any time
at www.memphis.edu/giving. Automatic draft options are also available. Questions should be directed to email@example.com or call 901-678-3953.
A gift of appreciated stock
If you have appreciated stock, you may be able to make a very tax-wise gift to the
U of M Foundation. When you give appreciated stock, you may be able to take a deduction
for its full value, not just its original cost, and may avoid the capital gains taxes
that would be incurred if you had sold it. The Dow is at record levels. Those of you
who have stocks you have owned for many years may be back up to or may have exceeded
For information on donating securities, please call Joanna Curtis at 901-230-6148.
Gifts from retirement assets
Charitable IRA rollover legislation is set to expire on December 31, 2013.
In the meantime, there are 3 great reasons why the IRA charitable rollover is a wonderful
way to contribute to the University of Memphis Foundation:
- The money you direct to a charity (such as the U of M Foundation) counts toward your
required minimum distribution (RMD), which must be taken each year by IRA owners age
70 ½ and over.
- The amount that you direct to charity in this way is excluded from your federal income.
Keeping your income down can help you avoid taxes.
- The gift you make from your IRA will go to work at the University. You may support
the program, scholarship, or department of your choice.
- You must be 70 ½ or older at the time of the distribution.
- Transfers from your IRA must go directly to the U of M Foundation.
- Transfers may be made for up to $100,000.
- Act now. Be aware that making this gift is a simple process, but it does take some
Contact your financial advisor or call the Office of Planned Giving at the U of M
at 901-678-2732 for more information.
As the year winds down, and as you consider your financial and tax situation, this
is also a good time to do a quick review of your total charitable giving and to review
important documents. Among those documents should be those with beneficiary designations,
e.g. life insurance policies, retirement plans, etc. Make sure those designations
are up to date and in line with your other legal documents, and that they have included
those people – and organizations – that you intend to remember. Using a beneficiary
designation is a very easy way to include the University of Memphis Foundation in
your estate planning.
This information should not be construed as investment, tax or legal advice. Before
making your charitable gift, please consult with your financial, legal and other advisors.