Bequests
The most common and simplest form of planned
giving, a bequest is a gift that is made through a donor’s will.
Individuals may include Salisbury University in their wills by naming SU
for either a specific amount or a percent share of their estate. Donors
can also name SU as the residual beneficiary of their estates after
payment of bequests to others.
Benefits of making a bequest gift include the
fact that donors do not have to part with any money until they die, and
do not owe any estate tax on the amount of the bequest.
For more information on making a bequest gift to
Salisbury University, please contact the Salisbury University Annual
Fund office at (410) 543-6042.
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Cash, Check or Credit Card Donations
The most popular and easiest way to make a
donation to the Salisbury University Annual Fund is by cash or check
made payable to the
Salisbury University Foundation, Inc.
The Salisbury University Foundation's Office of
Gift Processing will gladly accept cash gifts. However, we do not
recommend sending cash via any postal service or courier.
To make a donation using cash, please bring it
directly to the Foundation Office at 1308 Camden Avenue, Salisbury,
Maryland 21801 during regular business hours (Monday-Friday. 8:00 a.m. -
5:00 p.m.) Our staff will issue you a receipt while you wait.
To pay by credit card, use our secure
online payment form. Click here online
payment form. We honor Visa, Master Card, and
American Express.
When paying by check, regardless of the
designation of your donation, please make the check payable to:
Salisbury University Foundation, Inc. If possible, include a
completed donor card instructing us where you would like to designate
your donation. Otherwise, if you do not have a donor card, in the "memo"
section of your check write the area or designation of your gift. Then,
mail your donation to:
Salisbury University Foundation, Inc.
Office of Gift Processing
1308 Camden Avenue
Salisbury, Maryland 21801
Special Note: To make a memorial or
honorary gift by cash or check, first, follow the instructions above.
Second, attach a note that includes the name of the person you are
memorializing or honoring, and the family's contact name and address
(for memorials) or the individual's name and address (for honorary
gifts). We will be sure the family/individual is notified of your
thoughtfulness.
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Charitable Lead Trusts
Charitable Lead Trusts are most appealing to
individuals who want to pass appreciated assets to their heirs without
paying a substantial amount in taxes. This is done by allowing the
Salisbury University Foundation to receive income from the donor’s
assets for a specified time during which the donor can receive
substantial tax benefits, after which the asset is transferred back to
the donor or to the donor’s heirs.
The donor does pay a gift tax on the asset when
it is placed into the trust, after which it can grow tax-free. A lead
trust can, however, reduce gift and estate taxes or provide a charitable
deduction for the donor.
For more information on Charitable Lead Trusts,
please contact the Vice President, University Advancement at (410)
546-6939.
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Charitable Remainder Trusts
Two basic types of charitable remainder trusts
qualify for federal tax benefits. In both arrangements, a donor
irrevocably gives stock, cash, or other assets to a trust naming the
Salisbury University Foundation, Inc. as the beneficiary. Those assets
are invested, producing income for the donor - or other beneficiary -
either for a fixed period of time or until the donor dies. The donor is
allowed to claim a tax deduction for the estimated portion of the assets
that will ultimately come to Salisbury University. When the donor dies,
SU receives all remaining trust assets.
The two types of remainder trusts are Unitrusts
and Annuity Trusts. Under a basic Unitrust, the donor receives one or
more yearly payments equaling a fixed percentage of the value of the
asset, which is assessed each year. Under an Annuity Trust, the donor
receives a yearly fixed payment equaling at least 5% of the value of the
asset at the time the deferred-giving agreement was signed.
By establishing Charitable Remainder Trusts,
donors can get income-tax deductions and escape capital-gains taxes.
Many donors find the trusts an appealing way to prepare for retirement.
The assets can be invested to earn a lower rate of return when the donor
is younger and then shifted to earn a higher rate of return, and thus
provide more income during the donor’s later years.
For more information on Charitable Remainder
Trusts, please contact the Vice President, University Advancement at
(410) 546-6939.
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Gift Annuities
The gift annuity agreement provides older donors
who give cash, securities, real estate, or personal property with fixed
annual payments for a specified period of time, usually for life. With a
deferred gift annuity, the annual payments do not start when the gift is
made but begin at a later time specified by the donor.
Gift annuities are attractive to donors who want
to receive income from assets that have risen sharply in value, such as
cash or stocks. In return for gifts of such assets, SU guarantees the
donor a fixed annual income for the rest of their lives and helps the
donor avoid capital-gains tax. The donor also gets an income-tax break
on a portion of the earnings from an annuity; the exact amount depends
on the donor’s age.
For more information on Gift Annuities, please
contact the Vice President, University Advancement at (410) 546-6939.
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Life Insurance
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Personal Property or Real Estate Donations
Salisbury University gladly accepts gifts of
tangible personal property that the University would otherwise need to
purchase, or that further the endeavors of the University.
While the University is grateful for every
donor’s intent to give, some personal property donations must be
approved by the Salisbury University Foundation, Inc. Gifts that do not
require prior approval include televisions, VCR’s, stereos, computers,
software, items for auction, and tickets to athletic events.
If you are interested in donating any item to SU,
please contact the Salisbury University Foundation at (410) 543-6176. We
will give you instructions on how to make your gift and/or if the gift
will need prior approval.
To donate a gift of real estate, please contact
the Vice President, University Advancement at (410) 546-6939.
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Stock or Securities
There are several ways to transfer securities to
Salisbury University Foundation, Inc.: Electronic Transfer, Mailing
Certificates, or Hand Delivery. For information regarding the valuation
of stocks and bonds or gift crediting, please contact Salisbury
University Foundation Accounting Office at (410) 543-6392.
Electronic Transfer:
The most popular and most efficient way to transfer securities to SU
Foundation is by electronic transfer. This is done through a free
delivery which simply means that SU gets 100% of the value of the
transfer versus the broker receiving a portion in commissions.
If your stock is held at a broker, notify the
broker that you wish to make a gift of securities to Salisbury
University Foundation. Your broker will need written authorization from
you before they can make the transfer. Be sure to tell them the name of
the stock that you want to transfer, the number of shares, and where you
would like your gift to be designated when it reaches the SU Foundation
account.
Once you have authorized the transfer, ask your
broker to contact the Salisbury University Foundation Accounting Office
at 410-543-6392. Our office will give your broker complete transfer
instructions.
Note:
Even if you have donated securities in the past, be sure your broker
contacts the Salisbury University Foundation Accounting Office BEFORE
the transfer is made. The transfer instructions can change from year to
year. A quick phone call from your broker to verify the current
instructions will prevent any transfer problems.
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Mailing Stock Certificates:
If your securities are not held at a broker (see Electronic Transfer if
they are) then you can either mail or hand deliver the certificates
directly to the Salisbury University Foundation Accounting Office.
If mailing, send your unendorsed certificate(s)
and a cover letter (including your name, address, and purpose of the
gift) in one envelope. In a second envelope, send a signed, signature
guaranteed, stock power. We strongly recommend using registered mail to
forward your certificates and stock power. A stock power form can be
obtained at your local bank or by calling the Salisbury University
Foundation Accounting Office at 410-543-6392.
Hand Delivery:
Certificates may be given to a University Advancement staff person or
delivered to the Salisbury University Foundation Accounting Office.
Note:
Please DO NOT mail endorsed certificates! Once the certificate is
endorsed, it is legal tender and can be exchanged by anyone.
It is strongly recommended that certificates not
be sent to a transfer agent for registering in the University’s name.
This procedure is unnecessary and results in needless delays of the
transfer.
Our mailing address is:
Salisbury University Foundation, Inc.
Accounting Office
P.O. Box 2655
Salisbury, Maryland 21802-9976
Tel (410) 543-6392
Fax (410) 677-5039
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