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HOW TO MAKE A GIFT
Gifts in Kind
Gifts in kind are non-monetary items of tangible personal property or other physical assets that represent value to the University. Examples might include books, artwork, and equipment. If you believe you have a potential gift in kind, please call the Office of Gift Administration Gift Help Line for further information toll free at
1-888-518-7888, 8 a.m.-5 p.m., Monday through Friday, Eastern time, or email umgift@umich.edu.
Tax Benefits
Your gift may provide you with federal and state income tax benefits:
- If you itemize deductions on your federal income tax return, you may be able to deduct your contribution to U-M from your adjusted gross income. In addition, gifts of appreciated property avoid long term capital gains tax. Check with your tax advisor for deduction and capital gains tax requirements and limitations for your situation.
- Your state may also allow a credit or deduction. For example, Michigan residents may take a credit against state tax of 50 cents for each dollar of their gift to U-M, with a maximum tax credit of $100 for taxpayers filing singly or $200 on a joint return.
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