Page 13 - CEMS Newsletter Fall 2023

GIVING MATTERS
Make the most of your year-end giving to CEMS
Donor-advised funds, appreciated assets, and charitable IRA distributions are tax- saving options.
CEMS and its community provides vital support to students, faculty, research, and outreach programs. If you are considering making a gift to the department before the end of 2023, you may wish to consider the following ways:
Give from a donor-advised fund
Giving from your donor-advised fund (DAF) is simple. If you recommend a grant to the University of Minnesota Foundation, your DAF administrator will distribute the grant directly. If you would like to designate your gift for
a specific fund or generally to CEMS, please provide
that information to your DAF administrator at the time
you request the grant. Most DAFs also allow donors to recommend the charities that will receive the remaining fund assets after they pass away. If you would like the University of Minnesota Foundation to receive all or a portion of the remainder of your fund, please contact your DAF administrator.
Give appreciated assets
Giving securities, such as stocks, bonds, or mutual funds that have increased in value, is a smart way to support
Senior Class Gift continued from page 12
with faculty via panels or casual discussions. The faculty being willing to meet with students outside of classes and in more casual settings makes the faculty feel less intimidating to approach. Furthermore, I really appreciate the department’s willingness to adapt and change
with student feedback. I’ve been able to see great improvements occur within my four years here, and I’m sure that will continue beyond my time at CEMS,” she said.
Quan’s hope for the future of CEMS as being a place that can adapt and change, while continuing to inspire, teach,
the causes you’re passionate about. For securities held longer than one year, you may deduct the full fair-market value, subject to applicable limitations. If you do not itemize deductions, you may still benefit by avoiding capital gains tax that would be due upon the sale of the asset.
Give from an IRA
IRA owners who are age
701⁄2 or older can give up to
$100,000 directly to charity
from their IRA, tax-free. The amount of the charitable distribution can be excluded from your federal income, lowering your overall tax liability. This option provides tax savings even if you do not itemize deductions.
For more information, contact Courtney Billing, CEMS director of external relations, at cbilling@umn.edu or 612- 626-9501.
and support students on their academic journeys is a shared belief. The Senior Class Gift is a means to inspire giving by feeling committed to each other and thinking broadly about making CEMS a better place for the next class of students.
Courtney Billing
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