Moore School of Business - Moore School

There are a number of ways to contribute to the Moore School of Business. Outlined below are the various options:

Gifts of Cash
Gifts of Appreciated Assets
Gifts of Closely-Held Stock
Gifts of Real Property

If you have questions or would like additional information, please contact us at 803-777-4902.

Mailing Address:

Business Partnership Foundation
Moore School of Business
University of South Carolina
1705 College Street, Room 102
Columbia, SC 29203
803-777-7602 Main Number
803-777-4427 Fax Number

GIFTS OF CASH

A gift of cash is the most popular type of charitable gift. The gift is considered made on the date it is hand-delivered or a check is mailed (postmark on envelope). A contribution on a credit card can be deducted when the charge is made even though the donor's record is updated at a later time. Gifts of cash are fully deductible up to 50 percent of your adjusted gross income. Any excess over the 50 percent deduction ceiling may be carried forward as a deduction on one's personal income tax return for up to five additional years. Checks should be made payable to the Business Partnership Foundation.

GIFTS OF APPRECIATED ASSETS

A contribution of long-term appreciated assets entitles you to a charitable contribution deduction equal to the fair market value of the assets, such as securities, at the time of the gift. And you avoid capital gains tax on any appreciation of those securities. Gifts of appreciated assets are fully deductible up to 30 percent of your adjusted gross income for that year. Any excess of the 30 percent deduction may be carried forward up to five additional years.

When making a gift of long-term appreciated assets, you save twice -- on income tax and capital gains tax. You get a charitable deduction for the full fair market value of the gift and you save the capital gains tax that would otherwise be due if you sold the appreciated asset.

Valuation
Securities are considered a gift to the University on the date the certificate and stock power pass unconditionally from your control (the postmark date if mailed or the date on which we receive an overnight delivery package) or the date the securities are transferred directly to a University of South Carolina Foundation brokerage account. To value the securities, we calculate a mean price using the average of the high and low of the security on the day you relinquish control to the University, as per IRS rules.

GIFTS OF CLOSELY-HELD STOCK

Gifts of closely held stock exceeding $10,000 in value must have a fair market value placed on them by a qualified independent appraiser as required by the IRS for valuing gifts of non-publicly traded stock. An independent CPA who maintains the books for a closely held corporation is deemed to be qualified to value the stock of the corporation. Gifts of $10,000 or less may be valued at the per-share cash purchase price of the most recent transaction.

GIFTS OF REAL PROPERTY

You may contribute real property to the University, either as a bequest or, more commonly, by a lifetime transfer, and realize significant tax benefits. The University looks at possible gifts of property on a case-by-case basis. It is a detailed process but very workable and the rewards are great.

Gifts of real property may consist of almost any type of property: a personal or recreational residence, a farm or ranch, a commercial building, subdivision lots or any undeveloped parcel of land. The gift may be for all of your interest in the property or an undivided fractional interest.

Individual charitable goals and financial needs determine which of the following methods of giving real property is most appropriate for your situation.

Outright Gift
You transfer the property by deed to the University of South Carolina Development Foundation or to one of the other University affiliated foundations, and it is subsequently sold unless there is a special reason for holding the particular parcel of real property.

Life Income Gift
Real property is transferred to a trust where it is sold by the trustee. The income is paid to you and/or other named beneficiaries. The income paid to the beneficiaries for life depends on the net proceeds realized on the sale of the real property in combination with a previously agreed upon rate of return. At the death of the last of the life beneficiaries, the assets of the trust pass to one of the University's Foundations.

Life Tenancy Gift
In very limited situations, ownership of the real property may be transferred to one of the University's Foundations, but you retain the right to live on the property for your lifetime. You receive an income tax charitable contribution deduction for the present value of the remainder interest of the gift. Upon the death of the "life tenant," the property may be sold or used by the University.

ADDITIONAL INFORMATION

Memorials
A memorial gift is an excellent way to honor a deceased friend or family member, and the Moore School of Business welcomes such thoughtful remembrances. A memorial card is sent to the next of kin or other person designated by the donor. Examples include endowed memorial funds carrying the deceased person's name (for gifts of $5,000 or more) or smaller remembrances such as a library book carrying a memorial bookplate. Specific suggestions for individuals are available from the development officer.

Multi-year pledges
Extended over a period of years, a pledge helps you make a larger gift than you might have thought possible. For example, a gift of $25 per month, paid over five years, amounts to a gift of $1,500. You may make pledge payments with the same methods as cash gifts.

Matching gifts
In many cases, your employer will match your gift to the school. When not prohibited by the employer, the matching gift is designated for the same purpose as the employee's gift. With this plan, the value of your gift can double, in some cases, triple. Please contact your employer's matching gift coordinator and send the required forms along with your gift designating the USC-Business Partnership Foundation.

Moore Giving

Ways to Give