Universities are taking in hefty donations. How about the American Cancer Society?
Donations to universities are on the rise, with some schools hitting all-time highs in terms of single – donation amounts. Last month Howard U. received a gift valued at $70 million and earlier in the month Baruch College recieved $53.5 miliom in donations including a single donation of $25 million from New Plan Excel Realty Trust. In September Brown U. received a $100 millllion gift for fincial aid.
Earlier in September, U. of Michigan, Business School took in a $100 million while Tufts $50 million.
Then there was Stanford at $43.5M.
Recent data show that large donations rose 33% in the 2nd quater from a year ago and 35% from quarter to quarter, according to the Center on Philanthropy at I.U.
Year-end tax planning should include consideration of the transfer if suignifcantly aprecitaed stocks or real estate, thereby avoiding capital gain taxes. Donors can now give away money whle still controling it But should they do it this way? Put the funds in a Donor ADvised Fund instead. Some of these DAFs are moving towards some management by the donor. The biggest fans of donor-investment control might be the financial adviser who want to keep managing the money.