How to Give
Make a quick and secure online gift using our Online Giving Website.
Current gifts are gifts made in the prevailing fiscal year that the University may be able to utilize immediately. They are often called "outright" gifts or "immediate" gifts. Current gifts may be applied to help fund scholarships based upon academic credentials, financial need, or both. They may also benefit a specific department, school, college, or a campus resource such as the library, etc. When you name a specific purpose or place to receive the benefit of your donation, it is referred to as a "restricted" gift. All immediate gifts received with no designation are considered unrestricted and may be used at the discretion of the University of South Carolina Upstate.
Gifts of cash are the most common form of contribution to the USC Upstate Foundation. A gift of cash is easy to accomplish, and the gift is not subject to gift or estate taxation.
Gifts of appreciated stocks or bonds have the same positive benefit to the University as a gift of cash -- however, a gift of securities is usually more beneficial to you, the donor, than a gift of cash.
A gift of marketable securities which has been held longer than one year entitles the donor to charitable deduction of the full fair market value (FMV) of the securities. The FMV is determined by the average of the high and low sales prices of the stocks on the gift date.
The rules for gifts of real estate are essentially the same as for gifts of securities. Any real estate may be donated. You receive a charitable deduction for the full fair market value of the unencumbered real estate.
Almost any type of real estate may be contributed: undeveloped land, farms, commercial buildings, vacation homes, or your residence.
Potential gifts of real estate are evaluated by the USC Upstate Capital Development Foundation on a case-by-case basis before 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
Rare books, art, antiques, precious stones, gems, and coin or stamp collections, as well as equipment or other items which can be put to use immediately--such as computer equipment--are considered tangible personal property. These donated items must have been held for over a year. There are two main categories of tangible personal property:
- items related to the University's purpose, and
- items not related to the University's purpose.
Gifts of related-use items allow the donor an income tax charitable deduction of the appraised value of the gift on the date of the gift (up to 30% of the donor's adjusted gross income with the five-year carry-over provision).
Gifts of unrelated items allow the donor a deduction only of the item's cost basis. Every potential gift item of tangible personal property is evaluated on an item-by-item basis by the University's Planned Giving Office to determine if it is related-use property. Please consider a gift of cash or securities to provide for the maintenance of special collections.
Life Income Gifts
A donor creates a Life Income Trust by transferring ownership of an asset to the USC Upstate Foundation.
To maximize tax benefits and provide for the enhancement of USC Upstate, donors typically transfer appreciated personal property and receive income for one or two lives, as elected. The benefit to the donor includes not having to realize capital gains taxes, providing for life income and receiving an immediate tax deduction. The University benefits from receiving the corpus of the Trust after the termination of the agreement.
Employer Matching Gifts
Many companies agree to match or multiply donations made to the University by their employees. To enhance the value of your gift, contact your employer's personnel office about matching gift opportunities.