Outright gifts are present-day gifts whose value passes to the Medical University immediately and can vary from cash to real estate to stocks and bonds.
An outright gift of cash is the most simple and direct way to support the Medical University of South Carolina. These gifts may be made through personal or certified check, automatic bank draft, money order or credit card transactions. You may either designate your gift for a specific area or purpose, or earmark it for the university's undesignated fund, which allows us to use your gift where it is needed most. All gifts should be made payable to the Medical University of South Carolina Foundation located at the following address:
18 Bee Street
Charleston, SC 29425
Or, you may choose to make a gift online.
Gifts of Stock
With a stock gift the donor enjoys a tax deduction for the full value of the stock based on the average of the high and low prices for which the stock is selling on the day it is given to the MUSC Foundation. Learn more about gifts of stock.
Gifts of real property can consist of a house, condo, townhouse, vacation home, commercial building, lots or an undeveloped parcel of land. The gift can be for all of your interest in the property or an undivided fractional interest.
Items such as books, manuscripts and art can be deducted at their full fair market value, as long as they are used to support the University's tax-exempt mission. Otherwise, these gifts may be deducted at the initial cost of the object, rather than its current fair market value. The deduction is limited to 30 percent of your adjusted gross income, with a five-year carry-over period.
You receive a double tax benefit from a gift of securities, real estate, or other property that has appreciated in value. First, you receive an immediate charitable income tax deduction. You also avoid the capital gains taxes that would be due if you were to sell the asset. The immediate tax deduction is limited to 30 percent of your gross adjusted income, with a five-year carry-over period.
Many corporations will match gifts made by their employees and associates, thus doubling or even tripling your investment in the Medical University. Please check with your Human Resources Department to determine if your employer participates in such a program.
The Medical University welcomes gifts of goods or services that benefit our students and patients. Contact us to determine the appropriate value for your in-kind gift.
Gifts of appreciated stocks or bonds offer donors a variety of tax saving opportunities as well. Individuals may deduct the current fair-market value of the donated security as a charitable gift and avoid any capital gains tax on the appreciated value of the security. Gifts of securities may be made by either a direct stock transfer through your broker or you can forward your stock or bond certificates directly to the MUSC Foundation at:
18 Bee Street
P.O. Box 250201
Charleston, SC 29425
NOTE: The information contained herein is provided for the Medical University of South Carolina alumni and friends. It is designed to provide accurate information on the topics covered and is not intended as financial or legal advice. Neither the MUSC Foundation, the Medical University of South Carolina or the office of development engage in providing financial, legal or accounting advice. You should consult an independent advisor as to the application of any of these plans to your specific situation.