What to Give
Gifts of Cash
The simplest way to give is through a cash gift. Cash gifts must be deducted
in the year of donation and are deductible up to 50% of your adjusted
gross income.
Gifts of Real Estate
Property that you own outright and has appreciated in value can provide
you significant benefits. You can deduct the fair market value of your
gift, avoid all capital gains taxes and remove the property from your
taxable estate. A gift to LC of a Life Estate interest in the property
will allow you to retain use of the property and also get a taxable deduction.
Contact the Office of Institutional Advancement
if you wish to make a donation of real estate.
Gifts of Stocks and Other Securities
The best stocks to donate are those that have increased in value. Contact
the Office of Institutional Advancement if you wish to make a donation
of securities.
Gifts of Retirement Plan Assets
You can give assets from your retirement plan to LC and prevent them from
significant reductions from taxes at your death. Contact
the Office of Institutional Advancement if you wish to make a donation
of retirement plan assets.
Gifts of Life Insurance
You can donate a life insurance policy to LC or name LC as the beneficiary.
Contact the Office of Institutional Advancement
if you wish to make a donation of life insurance.