Your generous contribution to MUSC directly impacts directly impacts our mission to optimize human life in South Carolina through education, research, and patient care. Your charitable giving can also earn tax benefits for you, especially if you contribute assets like securities, life insurance, or real estate.

A contribution of appreciated securities is a tax-smart way to support MUSC. You will owe capital gains tax when you sell securities for more than you paid for them. However, there is no capital gains tax if you contribute those securities to MUSC Foundation instead; and you receive an income tax deduction for the current value of the securities. In essence, you benefit from the increase in value without having to pay tax on it. For example, if you sold stock now worth $10,000 for which you paid $2,000, you would owe tax on the $8,000 gain. Contributing those shares to the MUSC Foundation instead avoids capital gain tax and allows you a $10,000 income tax deduction for your contribution.

The date of your contribution will be the date the securities are transferred into the MUSC Foundation’s  account. Sometimes the transfer can take a day or two, so it’s a good idea to allow time to make sure everything is complete before December 31, 2025.

Life insurance can also be an appealing contribution.  Donating a policy with a cash value to the MUSC Foundation  allows you to claim a tax deduction for the policy value as well as premiums you pay in the future. Or, if you want to retain the flexibility to change your gift, if need be, you can simply name the MUSC Foundation as beneficiary of the policy.

Contributions of real estate require careful consideration and take more time but offer substantial tax benefits to you. Like a gift of securities, you will receive an income tax deduction for the full value of the real estate and avoid the capital gains tax that you would have paid if you sold the property.

Contributing assets is a unique way to combine your philanthropy with tax savings.  The benefits of these gifts can help you maximize your charitable impact while minimizing your taxes.

We would be happy to work with you and your advisors to explore the many options available to you.