Almost any marketable real estate may be contributed to ‘Imiloa through the University of Hawai‘i Foundation, provided the property is unencumbered. Real estate accepted outright by the Foundation is immediately sold so the proceeds can benefit ‘Imiloa programs.
A gift of real estate may entitle you to a charitable deduction of the full fair market value of the property. For gifts of long-term, appreciated real estate the deduction limit is 30% of adjusted gross income with a five-year carry-over period for the excess. You can also bypass capital gains tax on the property.
Our real estate committee would be happy to consider a gift of a home, vacation property, land, rental property, or other real estate.
To learn more, please visit the Estate and Gift Planning webpages located on the UH Foundation Website.
For more information, please contact our Development Office at (808) 932-8921.
You may also donate stocks and bonds to ‘Imiloa through the UH Foundation.
Long-term, appreciated securities are those you’ve owned for more than one year and have increased in value. Such a gift would entitle you to a federal income tax deduction for the full fair market value of the securities on the date of the gift, up to a maximum deduction of 30% of your adjusted gross income for the year if you itemize deductions.
Short-term securities are those you’ve held for less than one year. If you itemize, you will be entitled to a federal income tax deduction for only the purchase price of the securities.
Depreciated securities are those that have declined in value since you bought them. To gain maximum tax benefits from the gift, the Foundation suggests that the donor sell these, take the tax loss, and donate the cash proceeds.
To make a gift of stock to ‘Imiloa, please instruct your broker to transfer the stock to:
Attn: Carolyn Lee
Pauahi Tower Penthouse
1001 Bishop Street
Honolulu, Hawaiʻi 96813
Account name: University of Hawai’i Foundation (Account #20M-04015)
In the instructions to Merrill Lynch, please ask your broker to mention the name of the stock, the number of shares being transferred, and specify that this is for ‘Imiloa Astronomy Center of UH Hilo.
Also send a copy of these instructions to Ryan Lucina, UH Foundation, P.O. Box 11270, Honolulu, Hawai’i 96828, or fax them to 808-956-9786, so that your gift can be properly credited and acknowledged.