Gifts of Appreciated Property- One of the most efficient means of giving is that of utilizing appreciated property. The IRS allows a deduction for the full fair market value of assets such as stocks, bonds, and real estate transferred to the SMSA. Such gifts offer a substantial tax savings over gifts of cash based on your individual tax circumstances, are subject to Alternative Minimum Tax consequences, and therefore should not be made without professional tax advice.
Life Insurance-A Life Insurance Policy provides a unique method of establishing your endowment. You may utilize policies you currently own or you may acquire a new policy specifically structured to fulfill your endowment objective.
Gift of Undivided Interest- A Gift of Undivided Interest is a contribution of a complete interest in a portion of a property. This gift should be made prior to any firm contract for sale.
Split Interest Gifts-Split Interest Gifts occur when a contribution is divided and shared by you and the SMSA. Generally, these parts consist of an "income" or "use" interest and a remainder interest. The government only allows a charitable deduction for these gifts when made under specific guidelines. Examples are:
Bequest -A provision in a Last Will and Testament is often used to fund an endowment with assets accumulated over a life time. Endowments created at the time of one's death are usually added to by friends and relatives wishing to make memorial contributions.
A bequest may also be used to complete an endowed scholarship. See sample bequest language below.
"I give and bequeath to the Seabee Memorial Scholarship Association, Inc., Silver Spring, Maryland, the sum of $100,000 for the purpose of establishing the BUILDER CHIEF ENDOWMENT..........."
To discuss these and other planned giving options, contact SMSA Chief Development Officer Dan Miller at 859-327-1830 or
Donation from a Donor Advised Fund- Make a donation from your donor advised fund. Contact us for the required information or use this simple tool if your donor advised fund is with Schwab or Fidelity. Simply choose Schwab, Fidelity or BNY Mellon and tell us where you want the donation to go either the Scholarship Fund or General Donation. Your donation will be directed to us automatically using this secure website.