// Current Gifts

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Current gifts provide immediate benefits to Texas A&M University College of Dentistry.

Cash Gifts

Cash in the form of personal checks or credit card (MasterCard or Visa) is the simplest and most common type of charitable gift the foundation receives. Cash gifts provide immediate benefits and may be designated as restricted or unrestricted. Checks should be made payable to Baylor Oral Health Foundation and mailed to 3600 Gaston Ave. Suite 1151, Dallas, TX 75246. Be sure to indicate the purpose of your gift on the check, pledge form, or in a cover letter. Cash gifts are deductible for taxpayers that itemize deductions. Generally, you are entitled to a deduction for the entire amount of the gift as long as all of your deductible gifts in the year do not exceed 50% of your adjusted gross income. If you cannot use the entire deduction in one year, generally you may carry it forward for up to five years.


Securities

A transfer of securities (stocks or bonds) to the Baylor Oral Health Foundation allows you to make a gift and receive a charitable deduction equal to the full fair market value of the securities. Contributing securities that have appreciated in value can be more advantageous than gifts of cash. Highly appreciated stocks and bonds, when sold, result in a taxable capital gain. Donating appreciated securities to the Baylor Oral Health Foundation can provide two tax advantages.

  • You avoid capital gains tax on the appreciation
  • You receive a charitable income tax deduction for the full present market value of the security regardless of how much the value has grown from the purchase price. Generally, gifts of appreciated securities are deductible up to 30% of your adjusted gross income. Gifts in excess of this amount may be carried forward up to five years.

The best method of transferring these assets to the foundation can depend on how they are held by the owner. The foundation’s staff or brokerage consultant will work with you on the easiest method of transferring assets.

As with all gifts, if there are any questions regarding financial or tax consequences please consult your tax or financial advisors before making the gift.


Real Estate

You can also give appreciated real estate as a current gift to the Baylor Oral Health Foundation. Donors can sometimes benefit greatly by contributing assets instead of selling them. As a current gift, the real estate donation provides you with a charitable deduction for the full fair market value of the gift. You will need to have your real estate gift appraised by an independent appraiser to determine the value of the property and your deduction.

All real estate gifts are first evaluated by the foundation for acceptability and potential environmental concerns. The acceptance of all real estate gifts is at the discretion of the foundation. If you are contemplating a gift of real estate, please contact foundation staff so that they may help in the process.


Pledges

Pledges of cash or securities are welcomed and may be transferred over one to five years, at the donor’s convenience.


Gift Agreement

For gifts in excess of $25,000, pledges or current gifts, the foundation will provide a gift agreement, which states the form, schedule and purpose of your gift.


Matching Gifts

To encourage employees to make charitable contributions some companies agree to match personal donations with corporate contributions. Rules about the types of gifts companies will match (cash, stock, property) vary among companies. To initiate a matching gift, complete your company’s matching gift form and send it along with your gift to the Baylor Oral Health Foundation. The foundation completes the form certifying that it has received your gift; and that Texas A&M University College of Dentistry/Baylor Oral Health Foundation is eligible to receive matching gifts under your company’s guidelines. We then forward the form to your company and after verifying the eligibility of the donor and TAMUCD/BOHF, the company provides a matching gift to the foundation.

You should check with your company’s personnel department to see if your gift qualifies for a corporate match.


Honorary & Memorial Gifts

A gift in memory or in honor of a faculty member, staff, student, relative or friend is a generous way to recognize a person’s life and accomplishments.

When an honorary or memorial gift is made, the foundation notifies the honoree or next of kin, and the gift is administered as the contributor specifies. To make an honorary gift, send a letter detailing the purpose of your gift as well as the name and address of the honoree. For memorial gifts, your letter should list the honoree’s name and the name and address of his next of kin.


Conditions

All gifts of real estate and gifts of certain securities are accepted subject to approval of the foundation’s Board of Directors. As with all gifts, if there are any questions regarding financial or tax consequences please consult your tax or financial advisors before making the gift.