Help transform the lives of current and future students through a number of different giving options at Mount Mary University. Please contact the Advancement Office with any questions about making a gift to Mount Mary. For all charitable gifts, we encourage you to consult your tax adviser or attorney regarding the specific tax and legal benefits of each type of gift.
Outright gifts are the simplest form of contribution and are tax deductible. There are three ways to make an outright gift:
- Make a cash gift online using a credit card or electronic check.
- Mail a check (payable to Mount Mary University) to: Mount Mary University, Attn: Advancement – HL 015, 2900 N. Menomonee River Parkway, Milwaukee, WI 53222-4597.
- Call (414) 256-1217 to arrange for stock transfers, electronic transfers or credit card gifts via the phone.
If you wish to make an annual gift, you can arrange for monthly automatic deductions from you credit card or checking account to reach the annual gift amount.
- Pledges—You may pledge a gift to Mount Mary. Pledge payments may be fulfilled through cash or securities/stock transfers over three to five years. A pledge may be combined with an outright gift to enable an immediate scholarship award while building endowment principal to sustain a new endowed scholarship fund.
- Securities—Mount Mary appreciates securities contributed to the university. Securities with shares that have increased in value are most beneficial. Gifts of securities include not only publicly traded stocks, but also mutual funds, Treasury bills, notes, bond and closely held stock.
- Gifts-in-kind—A gift-in-kind is a gift of tangible property such as books for the Haggerty Library, artwork, furniture, antiques, jewelry or items for the Historic Costume Collection. The owner is responsible for having the items appraised.
- Real estate: A gift of real estate may be an outright gift, or it could be a planned gift (see below).
Many employers offer charitable matching gift programs. A matching gift could double the gift you give to Mount Mary. Contact the human resources office at your or your spouse’s employer to learn about the company’s matching gift program and to obtain the appropriate paperwork for the gift.
- Bequests—A bequest is a great way to create a legacy in your name or in a family name, establish a memorial to honor a significant person in your life or show your gratitude. The Advancement Office can help you determine the most appropriate wording for your bequest. A bequest is made through your will or a revocable trust. A bequest is easy to arrange, will not alter your current lifestyle and easily can be modified to address your changing needs.
- Living trust—A living trust is not a will, but may be part of a will. It is a tool that provides for you, your family or a designated person or charity. Assets that pass under the terms of a living trust, rather than a will, avoid probate. Living trusts are a flexible and versatile estate planning tool.
- Life insurance—You can sign over an existing life insurance policy, making Mount Mary the beneficiary. In general, you will be entitled to an income tax deduction for the cash surrender value and can deduct the amount of future premiums. You also may purchase a new life insurance policy and name Mount Mary as the beneficiary and owner of the policy. Rather than paying premiums to the insurance company, you make tax deductible cash gifts to cover the annual premiums. Through relatively modest annual gifts, you can create a major irrevocable gift.
- Retirement gifts—You can name Mount Mary as the beneficiary of a 401(k) or other tax-deferred retirement plan. There are significant estate taxes if the retirement plan goes to a family member versus being given to a qualified not-for-profit 501(c)3 organization such as Mount Mary. Making a charitable gift from your retirement plan is easy and should not cost you any attorney fees. Simply request a change-of-beneficiary form from your plan administrator. When you have finished, return the form to your plan administrator and notify Mount Mary. Mount Mary can assist you in customizing the beneficiary language to meet your goals or interests.
- Real estate—Real estate may be given through a will or trust that names Mount Mary as the owner. It is possible to transfer ownership of your personal residence to Mount Mary during your lifetime. You will receive an income tax deduction for the property and can continue to use the property. You are recognized for the irrevocable gift during your lifetime and a significant deduction may be taken when the home is deeded to Mount Mary. We highly recommend talking with our Advancement Office and your tax adviser prior to making a real estate gift.
- Charitable trusts and annuities—You can make a gift to Mount Mary through a charitable gift annuity, charitable remainder trust, charitable uni-trust or charitable lead trust. Minimum gift accounts may apply for trusts and annuities. Contact the Advancement Office for more information on these options.
Mount Mary offers several ways for you to make a memorial gift or honor a loved one, your class reunion or particular professor. You can establish a scholarship, endowment or planned gift as a memorial, or you could make a gift through one of the following opportunities.
- Bricks—Commemorative bricks are on display in the Launa Stayer Courtyard near Gerhardinger Center. Download the order form (PDF).
- Tiles—Commemorative tiles are on display in the entrance of the Bloechl Recreation Center. Download the order form (PDF).
- Reunion giving—All classes celebrating their reunion are asked to consider adding their contribution to the Alumnae Scholarship Endowment fund. The goal is to raise $100,000 annually.