Tax Benefits

Your gift may provide you with federal and state income tax benefits. Your state may also allow a credit or deduction.

The University of Michigan has 501(c)(3) nonprofit tax exempt status; our federal tax ID number is 38- 6006309.

If you itemize deductions on your federal income tax return, you may be able to deduct your contribution to U-M from your adjusted gross income. In addition, gifts of appreciated property may not be subject to long- term capital gains tax. Check with your tax advisor for deduction and capital gains tax requirements and limitations for your situation.

As always, you should consult a qualified tax professional for tax advice.

Charitable IRA Rollover for 2014 now available!