What are immediate gifts?
As the name implies, these gifts are immediately available to the University. They are also called outright gifts.
The most common form of gift given to the University through the Foundation is an outright-cash gift.
What types of immediate gifts are there?
- Cash and/or pledges
- Corporate matching gifts
- Securities
- Long-term appreciated securities have been owned for more than a year, have increased in value and allow tax deduction for full market value.
- Short-term securities have been held for less than a year and allow tax deduction for the purchase price.
- Depreciated securities have declined in value. We recommend never giving depreciated stock. To maintain the best tax position, sell it, take the loss and donate the proceeds.
- Property (must be approved by the Foundation)
- Real property will most often be sold, although, in some cases, it may be held as an investment or, in rare cases, held for University use.
- Tangible personal property includes works of art, furniture, equipment, collections and personal mementos made to the Foundation, usually, for the function of a School.
- Corporate Gifts