Outright Gifts
Outright gifts are gifts that Morehouse College may be able to utilize immediately.
Cash: Outright gifts of currency, checks, wire transfers, or payroll deductions are credited at actual cash value. A cash gift allows the donor an income tax deduction equal to as much as 50% of adjusted gross income in the year of the gift. Any portion of that gift above 50% of income can be carried forward for five years.
Securities: The College welcomes gifts in the form of publicly traded stocks and securities. Marketable bonds or other securities that will mature are acceptable as gifts, regardless of maturity date. The College requires that the value of the donated securities be at least $500 on the date of delivery. Donors wishing to give securities that are valued at less than $500 are encouraged to sell them and to donate the proceeds. Stock in closely-held or private corporations is accepted in certain cases, after review by the Vice President for Institutional Advancement, the Vice President for Business and Finance, and General Counsel. Under appropriate circumstances, a gift of stock results in both a charitable deduction equal to the fair market value of the stock and avoidance of capital gain taxes on any appreciation in its value. Such a gift allows you to deduct up to 30% of adjusted gross income. Any unused portion of the tax deduction may be carried forward up to five years.
Property: Gifts of property are encouraged if the gift is consistent with the mission of Morehouse College and the College will realize a financial gain from receipt of the gift. Morehouse reserves the right not to accept gifts that will increase the College's operating costs. Gifts of property likely to have immediate utility may include: real property close or contiguous to Morehouse College facilities; property of scholarly interest such as papers, books, manuscripts, or archival materials, films and video tapes, pieces of fine art; donated services or gifts of educational, scholarly or scientific value, operating supplies or computer software; and equipment such as computers, business machines, scientific equipment or other equipment useful in the operation of the College.
Please Note: As Morehouse College prepares to meet the challenges of the 21st century, we know that the generosity of alumni and friends of the College will make the difference in our success. We want to ensure that our donors benefit from making a gift to Morehouse, and there are many ways to give that can improve a donor's financial and tax situation. While employees and representatives of the College may not provide specific tax or legal advice to donors or prospective donors, the staff in the Office of Institutional Advancement may provide general non-binding information regarding potential tax and legal implications of proposed gifts. We also recommend that you seek professional legal and/or tax consultation as needed.
