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Making a gift to Magdalene from the USA

Making a gift from the USA

Thank you for choosing to support Magdalene. Every gift, large and small, will make a difference to the success of the Campaign.

The Magdalene College Foundation (MCF) is a US non-profit organization, tax-exempt under section 501(c)(3) of the US Internal Revenue Code and is governed by an independent board of directors. 

Donations made by US taxpayers to the MCF are tax-deductible to the extent allowed by US law. A tax receipt in a form acceptable by the Internal Revenue Service will be issued for every gift and donation received.

Tax Efficient Giving - CARES Act

The CARES (Coronavirus Aid, Relief, and Economic Security) Act was signed into US law in March 2020. The CARES Act removes the limit for the amount of charitable deductions US taxpayers can claim. For 2020 US taxpayers can deduct all of their charitable gifts made across the year from their adjusted gross income (AGI), thereby reducing, or even potentially eliminating completely, a federal income tax bill.

Find out more about Tax Efficient Giving and the CARES Act.

Online Giving

You may use your Credit or Debit Card to make donations to the MCF. The link below will take you to our secure online donation webpage.

Make a Gift online ($) Download Donation Form

Please note that the company that processes Credit and Debit card transactions charges the MCF a fee of approximately 3% of the gift amount. Please consider adding 3% to the amount of your donation to cover this cost.

Donations by American Express or PayPal

Those wishing to give online using an American Express card or a PayPal account may donate through the PayPal Giving Fund.

Donations by Check

To make a donation by cheque please download and complete the Donation Form and mail it with your check payable to 'The Magdalene College Foundation' to:

The Magdalene College Foundation
c/o Goulet, Salvidio & Associates, PC
324 Grove Street
Worcester, MA 01605

Donations by Wire or Bank Transfer

Please contact us by email for full instructions on how to make a wire transfer.

E development@magd.cam.ac.uk

Donations of Securities

Under current tax law, donors may receive attractive tax treatment by contributing appreciated securities held for more than one year. You may donate stocks, bonds, and mutual fund shares; in some instances, tax benefits may apply also to gifts of restricted securities, control securities, and closely-held securities.

Please do not instruct your bank or broker to sell the securities and forward the proceeds to The Magdalene College Foundation. This transaction would represent a cash contribution, and you might be liable for capital gains tax.

In compliance with IRS regulations, the Board of Directors of The Magdalene College Foundation maintains complete discretion over the allocation of gifts to Magdalene. However, the Board of Directors will take into consideration any specific areas which you may wish to support. Untargeted gifts will be treated as gifts to 'General Purposes', to be disbursed to the area of greatest need.

Please contact the Alumni and Development Office for further assistance in completing the necessary arrangements.

E development@magd.cam.ac.uk
T +44 1 223 332104

Bequests and Planned Giving

Bequests, both large and small, have helped shape Magdalene for centuries. By means of your Will or other estate plan, you can name The Magdalene College Foundation as the beneficiary of a portion of your estate or of particular assets in your estate.

Giving by bequest costs nothing now, yet it is often the easiest way to make a significant gift that lives on and provides a lasting benefit.

Many forms of planned giving can offer significant tax benefits, substantially reducing capital gains and estate taxes and/or providing immediate income to you or a beneficiary.

Find out more about bequests and planned giving.

Supporting the MCF

We invite all of our Members to take part and support the Future Foundations Campaign. Every gift, large and small, will make a difference to the success of the Campaign.

Make a Gift Online ($) Download Donation Form

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