Ways to Give
Stock
Giving appreciated stock, bonds, or mutual funds you have held for more than one year can be more tax efficient than giving cash, and it offers a double tax benefit. You avoid the capital gains tax you would realize if you sold the asset, and you get a full fair market value income tax deduction for your gift, subject to applicable limitations.
IRA qualified charitable distributions
IRA qualified charitable distributions: If you are age 70 1/2 or older, you can give directly to the UMN Morris from an IRA without paying federal income tax on the distribution. The gift counts toward, but is not limited to, your annual required minimum distribution. This gift option provides tax savings even if you don’t itemize.
Donor-advised funds
Giving to the University of Minnesota Morris from your donor-advised fund is simple. You can recommend a grant from your fund to the University of Minnesota Foundation to benefit the program or fund you designate at Morris.
Farmland
Farming is a way of life and a family’s valuable legacy. With a well-planned charitable gift of your family farm to UMN Morris, you can make a lasting difference for future generations. In most instances, we will sell the property and the proceeds will be used to support the UMN Morris program or fund you choose.
Other assets
UMN Morris also accepts non-cash gifts, such as real estate, tangible personal property, and commodities, which can be given now or through your estate.
Give and Receive Income
Charitable gift annuity
You can make a gift of cash or appreciated securities to UMN Morris and receive fixed dependable income for life for yourself and loved ones. You receive a partial charitable income tax deduction for your gift, and part of each annuity payment will be tax-free. When the gift annuity terminates, the remaining assets support the campus, college, or program you have designated.
Charitable remainder trust
Make a gift of cash, appreciated stock, real estate, or other property and receive fixed or variable income for life or for a term of years. This type of gift can be particularly useful for donors who want to increase current income and diversify assets such as appreciated stock or real estate without paying upfront capital gains tax.
Give in the Future
Making a gift for UMN Morris in your estate plan is a flexible way to make a gift that costs you nothing now. You maintain control over your assets during your lifetime and can change your plans at any time.
Give through a beneficiary designation
You can name the University as a beneficiary of assets in a life insurance policy, bank account, or brokerage account. There are additional
tax benefits for naming the University as a beneficiary of assets in a tax-deferred retirement account (401k, 403b, or IRA). You can often update beneficiary designation forms online.
Give from a will or trust
Naming the University as a beneficiary in your will or trust is a meaningful way to support the U beyond your lifetime. You can indicate a specific amount or a percentage of what remains after your loved ones have been provided for.
Additional Information
Sharing your Gift
If you’ve already included a gift to the University of Minnesota Morris in your will or trust, or through beneficiary designation, thank you! We encourage you to tell us about your gift by completing our estate gift form.
By sharing your gift, you ensure that we understand how you would like your gift to be used. It also qualifies you for membership in the University of Minnesota Heritage Society, where the shared values of advancing education and improving lives in Minnesota and beyond through philanthropy is celebrated. Telling us about your gift does not create a binding commitment—you can change or revoke your gift at any time.
Legal and Tax Information
The University of Minnesota Foundation is a 501(c)(3) nonprofit organization that has been charged by the Regents of the University of Minnesota to receive and administer gifts on behalf of all University campuses, colleges, and programs.
Legal Name: University of Minnesota Foundation
Address: 200 Oak Street SE, Suite 500, Minneapolis, MN 55455
Federal Tax ID Number: 41-6042488
Making gifts of appreciated securities: See instructions.
[DISCLAIMER - to include on planned giving site]
All gifts to the University of Minnesota Foundation are subject to and administered in accordance with the provisions of the Foundation’s governing documents that relate to gift acceptance and administration, which include the Foundation’s ability to repurpose funds to a use as close as possible when the original use is no longer capable of fulfillment.
This information is provided as an educational service to our donors. It is not legal or tax advice. Please consult your own professional advisors on how any charitable gift may affect your unique situation.
Contact Us
If you would like to talk with someone about which gift options may accomplish your personal and charitable goals and how you can have a meaningful impact at the University of Minnesota Morris, contact Susan Schmidgall.