Gifts of Cash

The most common form of giving is as easy as writing a check payable to The University of Maryland Fund for Medicine. Gifts of cash offer the most generous federal income tax deductions available for charitable gifts (up to 50 percent of adjusted gross income in the year of the gift, with the excess deductions carried forward for up to five years).

If owned for more than one year, appreciated securities are deductible at full fair market value with no capital gains tax imposed. Whether it is that Coca-Cola stock that your family has owned for years or the stock owned in a rapidly appreciating market niche, appreciated securities enable you to make substantial gifts at a low after-tax cost. Gifts of appreciated securities are deductible up to 30 percent of adjusted gross income in the year of the gift, with any excess carried forward for up to five years.

 

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