Make
a Donation
What to Give:
• Cash: Usually in the form of a check,
this is the most common and popular type of property given. Payable
to UC San Diego Foundation. When you itemize your deductions,
your gifts of cash may be deducted on your federal income tax
return. Amounts up to 50% of your adjusted gross income may be
deducted; any excess may be deducted over the next five years.
• Mutual Funds: Contributing shares of
a mutual fund usually involves establishing an account in the
name of the UC San Diego Foundation at the mutual fund company,
then transferring the shares to this new account.
• Appreciated Securities: If you have securities
that have increased in value and you have owned them at least
12 months and a day, it might be wise to consider using such an
asset to make charitable gifts. When you give appreciated property,
you not only receive a deduction for the full value of the asset,
but you also avoid the capital gains tax that would have been
due if you had sold the property. In order to maximize the tax
benefits available to you, the shares must be transferred to UCSD
first before they are sold.
• Stock: If you own highly appreciated
stock in a company that has significant cash reserves, this may
be the best manner in which to make a sizeable gift. Known as
a “charitable stock bailout,” such a gift is often
followed by redemption of the stock by the corporation.
• Real Estate: Through various ways of
managing property and arranging for its distribution to family
and others, you can minimize taxes and worries for your heirs.
You may also be able to arrange a supplemental income for retirement
as part of your gift, or, give a home, while continuing to live
there.
• Life Insurance: Policies that were purchased
to provide protection for dependent children or as a part of a
business partnership that are no longer needed for this purpose
provide an excellent giving opportunity. If additional premium
payments are scheduled, they can be made to the university as
a tax-deductible contribution, and UCSD will make the payment
to the insurance company.
For more information:
If you would like more information about donating to the Shiley
Eye Center, please fill out an online form here:
Make
a Donation
Online
Form
