Ways to Give
There are a variety of ways to invest in the future of USC Upstate, its many programs and its deserving students. Some charitable gifts can provide immediate tax benefits, while others may help reduce your taxable estate or even provide an annual income stream for you and/or another beneficiary. Regardless of which method you choose, you can rest assured that your support will help the University enhance the quality of life for the Upstate and beyond.
There are two primary ways to give:
Cash gifts are the most common form of contribution to the USC Upstate Foundation and provide immediate support to your area of interest. An outright gift is most often claimed as an income tax deduction for the year in which it is given.
You can make a Cash gift to the University through secure Online Giving.
Stocks, bonds and mutual funds fall into the category of Securities.
Gifts of appreciated securities have the same positive impact on the University as cash gifts; however, these gifts can be more beneficial to you, the donor. You avoid paying any taxes on capital gains on the appreciation in the value of the securities, which can be a major benefit if you have held securities for a number of years and if they have grown in value.
To transfer a gift of securities to the USC Upstate Foundation:
Morgan Stanley Wealth Management
Primary Contact: Chauntelle B. Harden, Registered Associate
Account # 833-106668
DTC # 0015
Phone: 864-594-3469 or 800-934-0340
NOTE: For proper gift credit, please include the donor’s name.
A gift of Real Property can be beneficial to the University, either from the proceeds of the property’s sale or as a resource for future growth and expansion. A home, farm, office building or undeveloped lot can qualify as a charitable contribution.
The USC Upstate Foundation will evaluate potential gifts of real estate on a case-by-case basis prior to acceptance. The Foundation must consider insurance, environmental impact, maintenance, property tax liability, and other potential risk factors, including special tax provisions, which apply to certain types of real estate.
Tangible Personal Property
Gifts of Tangible Personal Property include artwork, jewelry, antiques and other physical objects and are evaluated on an individual basis. A gift of tangible personal property must be considered long-term appreciated property to receive full tax benefits. Your income tax deduction will depend on the appraised value (as determined by a qualified appraiser), whether the donated item can be linked to USC Upstate’s mission and the length of the time the University keeps the property. If the gift cannot be linked to the University's mission, your charitable deduction is restricted to the item's cost basis.
Corporate Matching Gifts
You can increase the impact of your gift to USC Upstate through your Corporate Matching Gift program. Many employers will match or multiply charitable contributions made by their employees or employees’ spouses. Matching gifts are typically allocated to the donor’s designation unless company policy requires distribution to a general fund. To enhance the value of your gift, contact your employer's personnel office about matching gift opportunities.
Legacy Gifts, also referred to as planned gifts or deferred gifts, offer a way to make a substantial contribution, and in many cases, retain access to funds and other assets during your lifetime. With a legacy giving strategy, you can put your assets to work for any part of USC Upstate you choose — while you and the University share in the benefits. Some of the more popular charitable plans include: wills, trusts, life insurance, and retirement plans.