Annual fund gifts, usually made in response to a mail or telephone solicitation. Because they come with no earmark, these unrestricted contributions are put to use by the MAA Board of Directors in the areas determined most needed. Student financial aid, academic programs, and Davidge Hall restoration are among the many initiatives annual fund gifts support.

Check and credit card gifts make up the majority of donations to the annual fund. These gifts are the easiest and most direct way to give to the school and are fully deductible if you itemize on your federal income tax return. Checks should be made payable to the Medical Alumni Association of the University of Maryland, Inc. and mailed to Morton M. Krieger, M.D., Medical Alumni Center, 522 W Lombard St, Baltimore MD 21201.

A Donor-Advised Fund, or DAF, is a giving account established at a pubic charity that allows the donor(s) to make a charitable contribution, receive an immediate tax deduction, and then recommend grants from the fund to the charity of their choice over time. DAF gifts to the MAA can be addressed and mailed to the MAA at the same address listed above. In establishing a DAF, it might be necessary to provide the MAA tax id number which is 52-0615433.

Giving with appreciated securities is a tax-wise way to support the school. When making a gift of appreciated stocks, bonds or stock options, the donor pays no tax on the capital gains. Furthermore, the donor can earn a charitable tax deduction for the fair-market value of the contribution up to a 30 percent limit of his or her adjusted gross income. Any excess deduction can be carried over for up to five years.

The most popular and most efficient way to transfer securities to the MAA is by electronic transfer. The following information must be relayed to your broker to insure that your gift is properly credited to our account.

MAA broker: JP Morgan Chase Bank, N.A.
DTC number: 0902
Credit account: #: P72500
FFC Account#: B81675005
FFC Account of – Medical Alumni Association of the University of MD, Inc.
If your broker has any questions, have him or her call our office at 410.706.7454.

Two basic types of charitable remainder trusts qualify for federal tax benefits. In both arrangements, a donor gives stock, cash or other assets to a trust. Those assets are invested, producing income for the donor, or other beneficiary, either for a fixed period of time or until the donor dies. The donor is allowed to claim a tax deduction for the estimated portion of the assets that will ultimately come to the Medical Alumni Association. When the donor dies, the association keeps all remaining assets.

The two types of remainder trusts are Unitrusts and Annuity Trusts. Under a basic Unitrust, the donor receives one or more yearly payments equaling a fixed percentage of the value of the asset, which is assessed each year. Under a net-income unitrust, the donor receives only the income earned by the trust, even if the trust earns less than the payout rate. However, the trust can be set up to include a “make-up provision,” which allows the donor to make up the lost income, provided the trust earns more than the payout rate in future years.

Under an Annuity Trust, the donor receives a yearly fixed payment equaling at least 5% of the value of the asset at the time the deferred-giving agreement was signed.

By making Charitable Remainder Trusts, donors can get income tax deductions and escape capital gains taxes. Many donors find the trusts an appealing way to prepare for retirement. The assets can be invested to earn a lower rate of return when the donor is younger and then shifted to earn a higher rate of return, thus providing more income during the donor’s later years.

Life insurance can be a convenient and cost-effective means of making a substantial gift for the future of the school. This simple gift opportunity allows you to name the Medical Alumni Association as the owner and beneficiary of a fully paid policy.