For Students

How to Make a Gift to UMMA


End-of-Year Giving

Checks, Credit Cards, Cash/Wire Transfer

Please make your check payable to the University of Michigan Museum of Art or indicate your credit card number and expiration date and enclose in your response envelope. If you do not have a response envelope, please enclose your printed name, address, and daytime phone number along with method of payment, and let us know whether you would like to designate your gift for (1) Membership (2) the Enrichment Fund to support programs and exhibitions or (3) UMMA: the Museum Re-imagined, the Museum’s campaign to support its expansion and renovation project and to increase its endowment.

For information on how to make a cash transfer by wire, call the toll-free Office of Gift Administration Gift Help Line, 1.888.518.7888, 8 am–5 pm Monday through Friday, Eastern time, or email umgift@umich.edu.

    Tax Benefits

    Your gift may provide you with federal and state income tax benefits:

  • If you itemize deductions on your federal income tax return, you may be able to deduct your contributions to UMMA from your adjusted gross income. Check with your tax advisor for deduction requirements and limitations for your situation.

  • Michigan residents may take a credit against state tax of 50 cents for each dollar of their gift to UMMA, with a maximum tax credit of $100 for taxpayers filing singly or $200 on a joint return.

Securities

If you donate securities to the Museum, you get an income tax deduction based on the value of the securities at the time you make the gift. You also avoid capital gains tax on the appreciated value of the securities.

The University can immediately use the proceeds for the purpose you specify or for general support of essential initiatives. It's easy—See Who to Contact, below, for instructions on how to make your gift.

    Valuation

    The value of your gift will be the average of the high and the low trading prices on the official date of your gift. The date of gift is the day the University assumes ownership of the security.

    Who to Contact

    The University would be happy to discuss or facilitate your securities gift. For information or to make a gift to UMMA, you or your broker may call the University’s toll free 877.647.9090 or email umgiftsec@umich.edu.

    Tax Benefits

    Your gift may provide you with federal and state income tax benefits:

  • If you itemize deductions on your federal income tax return, you may be able to deduct your contribution to UMMA from your adjusted gross income. In addition, gifts of appreciated property avoid long-term capital gains tax. Check with your tax advisor for deduction and capital gains tax requirements and limitations for your situation.

  • Michigan residents may take a credit against state tax of 50 cents for each dollar of their gift to U-M, with a maximum tax credit of $100 for taxpayers filing singly or $200 on a joint return.

Matching Gifts

You can increase your gift to UMMA by making use of your company’s matching gift program. Contact your company’s Human Resources department for eligibility and guidelines.

Note: Matching gifts from employers are not eligible to be included in pledge payments. Gift pledges to the University may be fulfilled only through payments from the donors of the gifts.