Click here for instructions on how to make a gift of appreciated securities. In addition to gifts of publicly traded, appreciated stock and bonds, it is possible to make gifts of appreciated shares of privately held securities. A gift made with closely held securities will provide you with the same charitable deduction and capital gains tax avoidance benefits as will a gift of publicly traded securities. UMMS can elect to sell the donated shares back to the corporation, thus reducing its accumulated earnings and tax liability and use the proceeds for the purpose you select. You may wish to give the University of Maryland Medical System items of tangible personal property such as artwork, rare books and manuscripts, museum-quality artifacts or antiques.
Special rules apply to direct contributions of tangible personal property.
The donor must have owned the item for at least 12 months. UMMS must review gifts prior to acceptance. Property that is of scholarly or aesthetic interest can be preserved. Items of special significance can be made directly available to scholars, students and the public for educational purposes. Often, these properties have appreciated substantially in value over time.