Donors empower the College's mission through donations, multi-year pledges, deferred gifts, or a combination of the options described below. You may direct your gift to one of MICA's key priorities, or to any specific department, program, or area of personal interest. MICA's team will work with you to describe opportunities, provide detailed information, and plan the best course of action to achieve your philanthropic goals.
Giving Options
Appreciated Securities
Gifts of appreciated securities entitle you to a charitable deduction for the fair market value of shares and may allow for certain tax benefits.
Charitable Gift Annuity
A charitable gift annuity provides a fixed income for life, with payout determined at the time the gift is made. You may also choose to defer income for a period of years, resulting in a larger immediate tax deduction and higher payout once payments begin. A deferred payment gift annuity can be an especially useful retirement planning tool for younger donors.
Charitable IRA Rollover
Often called a “qualified charitable distribution” or “QCD,” a charitable IRA rollover can be an easy and effective way to make an immediate impact at MICA. It allows those who are 70 ½ or older to support MICA with a tax-free transfer of up to $100,000 per year from an individual retirement account.
Charitable Lead Trust
A charitable lead trust can be used to transfer assets to future generations at significantly reduced gift and estate tax costs. The trust typically makes a fixed payment to MICA for a specified term (generally ten years or more), measured either by someone’s life or by a selected number of years, with the balance of the trust assets at termination passing to your children, grandchildren, or family trust.
Charitable Remainder Unitrust
A charitable remainder unitrust provides an income that fluctuates with the market. The payout is based on a percentage of the fair market value of the trust assets as determined annually (typically on January 1). Donors who create a unitrust at MICA can have their trust managed in a way that mirrors MICA’s endowment investments.
Donor Advised Funds
Through a community foundation or the charitable arm of an investment firm, you can establish a donor advised fund to make charitable recommendations during your lifetime. If you choose, your heirs can continue your legacy of giving after your passing.
Life Income Arrangements
Life income gifts provide an income stream comparable to that received from non-charitable assets to provide future philanthropic support for MICA, a current income for you or others, and a meaningful tax deduction. They may be established during your life or as part of your estate planning to provide for a loved one.
Life Insurance
A paid-up whole life insurance policy naming MICA as owner or beneficiary is an excellent way to make a gift to MICA and receive a charitable income tax deduction. If you have a policy that has outlived its original purpose, explore the tax advantages to gifting the policy to MICA.
Matching Gifts
Many companies and foundations match the value of charitable gifts made by employees and their spouses, board members, and retirees.
Staff and Faculty Payroll Deduction
Click here to fill out the payroll deduction form. Once complete and signed scan it and email it to give@mica.edu or print the completed form and send via interoffice mail to Advancement Services in The Annex.
Outright Gift
An outright gift is a donation of assets such as stock, real estate, or personal property. They include cash, securities (stocks and bonds), real estate, tangible personal property, matching gifts, and gifts-in-kind.
Real Estate or Retained Life Estate
You can generate a current income tax deduction by contributing a home, vacation property, undeveloped land, ranch, commercial property, or farm to MICA, while retaining the right to use the property during your lifetime.
Retirement Plans
Naming MICA as a primary or contingent beneficiary of a retirement plan (e.g., IRA, SEP, 401(k), 403(b), ESOP) may be one of the most cost-effective ways to include MICA in your estate plans. If left to an heir, retirement plan assets may be subject to taxes; if left to MICA, these assets are exempt from estate and income taxes.
Planned Gift
Change a student's life with your estate plans. plannedgiving.mica.edu learn more about how to make a planned gift.
Will or Revocable (Living) Trust
Some of the most transformational gifts in MICA’s history have come in the form of bequests contained in a person’s will or revocable (living) trust. Your bequest of a specific amount or a percentage of your estate can help build tomorrow’s MICA and create a lasting legacy of support. Please notify MICA Advancement Office of your deferred gift plans so we can recognize your generosity and help ensure that your philanthropic intent is met.
Ready to make a gift today?
Online: Visit our giving page at mica.edu/give
By mail: Make your check or money order payable to Maryland Institute College of Art and send it to:
MICA
Office of Advancement
Main Building
1300 W. Mount Royal Avenue
Baltimore, MD 21217
For more information or to learn more about ways to give, please contact khoward@mica.edu or 410.225.2262.
