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Non-Cash Gifts
Gifts of Real Estate
The University of Arizona Foundation gratefully receives gifts of real
estate to benefit the work of the Sarver Heart Center. Since there are
potential risks for the Foundation, such as marketability, environmental
concerns and hazardous waste problems, the Foundation will move very
carefully in accepting such gifts. Charitable deductions are determined
by a "qualified appraisal" provided by you, the donor, at
the time of the gift transfer. Outright gifts and partial interest gift
may be possible. For further information, contact:
Craig Barker, CPA
Associate Vice President
Office of Finance & Administration
The University of Arizona Foundation
PO Box 210109
Tucson, AZ 85721-0109
Telephone: (520) 621-3339
email: craig@al.arizona.edu
Other Gifts of Tangible Personal Property
In certain circumstances The University of Arizona Foundation or The
University will accept your gifts of tangible personal property to benefit
the Sarver Heart Center. As with gifts of long-term appreciated securities,
you are usually entitled to a charitable deduction for market value
of works of art, rare books, stamp or coin collections, etc. The extent
of the allowable deduction for a gift of such property is dependent
upon the so-called "related use" rule. If the property you
give is related to the exempt purpose of either the Foundation or the
University, then you will receive a charitable deduction for the full
fair market value of the property. If, however, it is unrelated to our
exempt purposes, then your deductible amount is limited to your cost
basis. Note: When the donor is the
creator of the contributed tangible asset, the deduction is limited
to the actual cost of producing the asset. For further information,
contact:
Craig Barker, CPA
Associate Vice President
Office of Finance & Administration
The University of Arizona Foundation
PO Box 210109
Tucson, AZ 85721-0109
Telephone: (520) 621-3339
email: craig@al.arizona.edu
Other Assets
Other types of assets you may consider
contributing, such as stock options, pension plans, copyrights and royalties
are evaluated on a case-by-case basis. Please contact The University
of Arizona Office of Finance & Administration to determine whether
a gift is possible. Be certain to specify that you wish your gift to
support cardiovascular research at the Sarver Heart Center. For further
information, contact:
Craig Barker, CPA
Associate Vice President
Office of Finance & Administration
The University of Arizona Foundation
PO Box 210109
Tucson, AZ 85721-0109
Telephone: (520) 621-3339
email: craig@al.arizona.edu
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