The advancements in research, patient care, and medical training at UC Davis Comprehensive Cancer Center depend in large part on the philanthropic generosity of private and corporate financial support. The cancer center offers a wide range of creative opportunities for donors to partner with us in targeting and fighting cancer. Reese Olander, UC Davis Comprehensive Cancer Center’s new managing executive director of development, summarizes some of the ways you can make a difference. You may want to consider a mix of gift types to help you achieve both your personal and financial objectives.
What is the most popular method of giving?
A cash gift is the simplest and most common giving method. It can be tax deductible in the year it is given. It also makes a difference right away in the studies that our researchers are conducting and in ways in which our clinicians care for our patients.
What about gifts of securities?
Many donors favor gifts of stocks, mutual funds, and bonds because they offer a way to diminish or avoid capital gains. Gifts of this type can qualify for an income tax deduction for the full fair market value of long-term, appreciated securities.
What are other means of giving that can yield personal financial benefits?
You can give from your IRA directly to UC Davis without having to pay income taxes on the money. Gifts of $100,000 or less are eligible for this benefit, enabling you to maximize your support and make a tangible difference at UC Davis.
This popular gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution or QCD for short. Beginning in the year you turn 73, you can use your gift to satisfy all or part of your required minimum distribution.
Can I give to the cancer center in other ways that offer flexibility and financial benefits?
Bequests and living trusts, retirement plans, and life income can all be turned into gifts to the UC Davis Foundation, and all come with tax reduction benefits. Our team is happy to sit down with you and your tax and/or financial advisor to talk about what type of support and method of giving would be the best fit for your philanthropic and financial goals.
