Common Types of Gifts
It is important to remember when establishing
any type of gift,
you should always use University of Florida Foundation, School of Natural Resources
and Environment - Fund #012869.
- Cash or Credit card
- Cash or credit card are among the most popular types of gifts.
- Stocks provide an easy and advantageous way to make a gift.
- It can be very beneficial to donate a percentage interest in land before it is
- Life Insurance
- Life insurance policies provide an easy and inexpensive way to support SNRE.
- Life Income Gifts
- You may be able to receive income from an asset as you support SNRE through deferred
- Gift Endowments
- You can honor or memorialize a friend or loved one and help SNRE at the same time.
CASH or CREDIT CARD - Cash
or credit card is the easiest and most popular way to give. Your cash gift
is tax-deductible if the amount is less than 50 percent of your adjusted gross
income. Should a gift exceed 50 percent, you may deduct the
excess amount over a five-year period.
STOCKS - Gifts of appreciated stocks held for more than one
year provide an easy and advantageous way to make a gift to SNRE. It is best
to give appreciated stocks outright to SNRE, thereby avoiding
any capital gains that may have been realized. If, however, the stock value
has declined, it will be to your advantage to sell the stock first (thereby
claiming the tax loss on the decline in value) and then deduct the donation as
a charitable gift.
LAND - It can be very beneficial to donate
a percentage interest in highly appreciated land to SNRE before the land is
sold. The advantage is that, as in the case of appreciated stocks, you do not
have to pay income tax on the portion that has been donated to SNRE. A buyer
would purchase the donated portion from SNRE and the balance from you, a simple
process. In this way, you could reduce your taxable income and receive an income
LIFE INSURANCE - Life insurance policies provide an
easy and inexpensive way to support SNRE. If SNRE is named owner and beneficiary, premiums are
LIFE INCOME GIFTS - You may be able to receive income from
an asset or make an asset such as real estate income-producing as you support SNRE through deferred
giving methods such as the charitable gift annuity, charitable remainder annuity trust and unitrust
or pooled income fund. In return for a gift of cash, securities, or real estate, you and/or your
beneficiaries may receive income for life or retain the use of your/their farm or home. The principal
or property benefits SNRE upon your decease or that of your beneficiaries. You receive a charitable
deduction and realized income which may, in some cases, be tax-free.
ENDOWED FUNDS - You can honor or memorialize a friend or loved one and
help SNRE at the same time by establishing an endowed fund for student or
faculty support with a minimum gift of $20,000. The principal of the fund
is invested and only the earned income is used to support SNRE.
For More Information Contact
Office of Development-SHARE
PO Box 110170
1001 McCarty Hall D
Gainesville, FL 32611
Wednesday, January 2, 2008 16:22