Tax Strategies
Tax Strategies
There are many ways to make your gift to Notre Dame while at the same time maximize your tax savings. With tax laws surrounding charitable giving ever-evolving, we want to make sure you have the most current information on ways to both make an impact at Notre Dame and reduce your tax liability.
Gifts of Cash
Gifts of cash are tax-deductible in the year the gift is made.
Instructions for giving gifts of cash via check, credit card, and wire transfer are available at the links below.
If you would like your gift credited in the calendar year 2023, please see our year-end deadlines for details on ensuring your gift is received on time.
Gifts of Long-Term Appreciated Securities
Giving a gift of long-term appreciated securities is in most cases more tax advantageous than giving cash. This is because capital gains taxes can be avoided on gifts of long-term appreciated assets. For taxpayers who will not be able to itemize deductions in a given year, gifts of long-term appreciated securities are an especially important tool in their tax reduction tool kit.
How to Give Securities to Notre Dame
The simplest way to transfer securities, such as stocks, to Notre Dame is through a depository trust company (DTC) transfer. For more information on how to transfer securities or to make a gift of securities, please contact Lisa Kresnak at 574-631-9947 or ekresnak@nd.edu. Please have the following information available when you call:
- The name and type of securities to be gifted (public, restricted, mutual fund, etc.).
- The number of shares.
- The date you intend to make the gift.
Complete instructions on making a gift of securities ›
Gift that Produces Income
Charitable remainder trusts (CRTs) may provide an opportunity for you to make a tax-efficient gift to Notre Dame while at the same time securing quarterly payments to yourself or loved ones. Many people have an interest in the CRT program for its unique ability to leverage the Notre Dame Endowment to invest trust assets without fees. When you invest in a CRT with the Notre Dame Endowment, your gift will provide a lifetime income stream while simultaneously offering an immediate income-tax deduction for a portion of your gift.
For information on charitable remainder trusts, please contact the Office of Gift Planning at 574-631-7164 or pgiving@nd.edu.
IRA Charitable Rollover Gifts
If you are 70 ½ years of age or older you can make a qualified charitable distribution of up to $100,000 directly to Notre Dame from a traditional Individual Retirement Account (IRA) and avoid reporting the income. To make an IRA Charitable Rollover gift to Notre Dame, contact your IRA custodian and ask that your distribution be a charitable rollover to Notre Dame and include your name, address and how you would like the gift allocated in the transfer.
Matching Gifts
A corporate matching gift is an excellent way to increase the impact of your personal gift. By taking advantage of your employer’s matching gift program, you can arrange for an additional gift that can potentially double or triple the impact of your contribution. Detailed instructions for making a matching gift are available online. You may also contact us at matching@nd.edu.
Year-End Deadlines
Remember to make your gift online to the University of Notre Dame by December 31 to ensure tax credit and eligibility for the Notre Dame Football Ticket Lottery. Online gifts completed no later than midnight in your time zone on December 31 will qualify. To make your gift online, go to giveto.nd.edu.
IRS guidelines require online credit card transactions be completed by 11:59 PM on December 31 (based on the time zone in which the gift is made) in order for those gifts to count toward 2023 tax deductibility.
| Giving Method | Deadline |
|---|---|
| Mutual fund transfers | December 13 |
| Securities | December 29 |
| Mailed check | December 30 |
| Online gifts | December 31 |
| Phoned-in credit card gifts | December 31 |
| Wire Transfers and ACH Gifts | December 29 |
Indiana Tax Credits
Tax Credit for Individuals
Indiana will give you a 50% tax credit for each dollar you give to Notre Dame, up to $200 in donations or up to $100 of tax credit. The tax credit is applied to your state tax return, either reducing the amount of taxes owed or providing a refund on taxes paid.
This benefit is doubled for individuals filing a married or joint return to a total of up to $400 in donations yielding up to $200 in tax credit.
To take advantage of this opportunity, you must use the Indiana Department of Revenue Schedule CC-40 Indiana College Credit Form when filing your state income tax return.
The University of Notre Dame is an educational institution and does not provide tax, legal, or financial advice. Any document or information shared by our staff is intended to be educational. Notre Dame strongly encourages all of our benefactors to seek counsel from their own legal and financial advisors. Please know that any information or documents shared by Notre Dame cannot be used to avoid tax-related penalties. Past performance of endowment investments does not guarantee future performance.