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HOW TO MAKE A GIFT
Securities
Advantages of Gifts of Securities
- You get an income tax deduction based on the value of the securities at the time you make the gift.
- You avoid capital gains tax on the appreciated value of the securities.
- The University can immediately use the proceeds for the purpose you specify or for general support of essential initiatives.
- It's easy! See Who to Contact below for how to make your gift.
Valuation
The value of your gift will be the average of the high and the low trading prices on the official date of your gift. The date of gift is the day the University assumes ownership of the security.
Who to Contact
We would be happy to discuss or facilitate your securities gift. For information or to make the gift, you or your broker may call toll free (877) 647-9090 or email umgiftsec@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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