Outright gifts are present-day gifts whose value pass to the campus of your choice immediately and can vary from cash to real estate to stocks and bonds. Such gifts can establish scholarships or fellowships, support faculty positions, and provide capital support to the College. Your gift allows the pharmacy program to excel and continue to provide outstanding resources to our students – the future pharmacists of the State of South Carolina and beyond.
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There are a variety of ways described below to provide an Outright Gift to the College of Pharmacy – and you indicate the campus you wish your gift to benefit.
To learn more about establishing a fund on your campus of choice, click on the logos.
Fore more information, email Megan Draper on the MUSC Campus or call 843.7924980; and for the USC Campus, email Susan Ward or call her at 803.777.5426.
An outright gift of cash is the most simple and direct way to provide support. 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 an undesignated fund, which allows us to use your gift where it is needed most.
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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.
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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.
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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 College’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.
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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.
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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 campus of your choice.
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A memorial gift is an excellent way to honor a deceased friend or family member or to pay tribute to a living friend or family member. A notice 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 or a scholarship. Specific suggestions for individuals are available from the development officers.
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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.
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Many corporations will match gifts made by their employees and associates, thus doubling or even tripling your investment. Please check with your Human Resources Department to determine if your employer participates in such a program.
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The College welcomes gifts of goods or services that benefit our students. Contact us to determine the appropriate value for your in-kind gift.
For more information, email Megan Draper on the MUSC Campus or call 843.792.4980; and for the USC Campus, email Susan Ward or call her at 803.777.5426.
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