Participation in the corporate matching gift program is a great way to increase your CAF donor level and priority points as well as increase scholarship support for University of Louisville student-athletes.
A matching gift may not be used to pay your annual CAF seat donation, but it may be used to supplement your total CAF giving.
The following is a list of companies that participate in our matching gift program. This list is not all inclusive and the policy of a company is subject to change, so please be sure to check with your human resources department.
Companies that participate in the Matching Gift Program:
- Aegon Minerals Technologies
- Bell South
- Brown Forman
- Ernst & Young LLP
- Gannett Foundation
- General Electric
- Merrill Lynch
- National City
- Nation Wide
- Pfizer Foundations
- PNC Bank
- RJ Reyonds
- Ryder System Charitable Foundation
To find out your company's policy on corporate matching gifts simply check with your human resources department. The matching gift policies of most corporations can also be seen by clicking HERE! Simply type in your corporation's name to find its policy.
Bequests - A charitable bequest is one of the easiest ways you can leave a lasting impact on the University of Louisville Athletic program. A bequest may be made in your will or trust directing a gift to the CAF.
Benefits of a Bequest:
- Receive estate tax charitable deduction
- Lessen the burden of taxes on your family
- Leave a lasting legacy
A bequest may be made in several ways:
- Gift of a percentage of your estate
- Gift of a specific dollar amount or asset
- Gift from the balance or residue of your estate
A retirement asset, such as an IRA account, makes an excellent bequest. If the IRA were given to your family, much of the value may be lost through estate and income taxes. By designating a charity as the beneficiary of all or part of your IRA (using a beneficiary designation form provided by your custodian), the full value of the gift is transferred tax-free at your death and your estate receives an estate tax charitable deduction.
More information on Bequests, Charitable Remainder Trusts and other types of gifts can be obtained by visiting Planned Giving on the University of Louisville website.
A contribution of appreciated securities to the CAF is a unique way to make a charitable gift. By contributing appreciated securities, you can make a meaningful contribution while also gaining valuable tax advantages. If you have owned appreciated securities for at least a year and a day, your contribution can offer the following benefits:
- Eliminate Capital Gains Tax - By donating your appreciated securities, you avoid the capital gains tax you would owe if you sold the securities yourself.
- Claim the Market Value - By claiming the market value (versus the cost basis) of the securities, you can enjoy a charitable contribution tax deduction equal to the average of the highest and lowest quoted sales price on the day you make the gift.
- Enjoy a Last Minute Tax Break - At the end of the calendar year, when tax breaks and timing are critical, securities can be deducted on the date you transfer them.
Stock Advantages Over Cash
Your securities donation can deliver significant tax advantages over a cash donation, allowing you to make a gift at a lower after-tax cost to you. The chart below depicts the difference between the after-tax cost of a gift of cash and a gift of stock. Assume that the stock was originally purchased at $250 (basis), the income tax rate is 27%, and the capital gains tax is 20%.
*For tax receipt purposes, actual stock valuation is based on the mean of the highest and lowest price on the day the stock is received by UofL. Gifts of stock will be liquidated when received, and brokerage fees will be deducted from the gross proceeds.
Potential Stock Benefits
|Value of Gift||$1000||$1000|
|Ordinary Income Tax Deduction||($270)||($270)|
|Capital Gains Tax Savings||$0||($150)|
|After Tax Cost of Gift||$730||$580|
NOTE: THIS TABLE IS FOR ILLUSTRATIVE PURPOSES ONLY. ONLY YOUR PERSONAL FINANCIAL OR TAX ADVISOR CAN ADVISE IN THESE MATTERS.
If you are interested in transferring stock, read the STOCK TRANSFER INSTRUCTIONS .
Also, please notify the CAF at 852-5735 or via email at email@example.com immediately so we can be on the look-out for the transfer and make sure the gift is credited appropriately.