Merton College Charitable Corporation
                    Giving to the Merton College
        
                Charitable Corporation

Gifts may be made to the Merton College Charitable Corporation (MC3) at any time during the year.  
MC3 is a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Service (IRS)
code.  All donations are tax-deductible subject to standard IRS regulations.  A copy of MC3’s IRS
exemption letter is available upon request at
sstukane@georgemckelveyco.com.  Donor
procedures for Canadian Mertonians are described below.





                                 HOW TO MAKE A GIFT TO MC3

Most Mertonians donating to MC3 do so by writing personal checks and sending them to us
directly.  Gifts of appreciated property (such as stocks) may be made by contacting the
Treasurer.  
You  may also use PayPal, a leader in safe online payments around the world that provides a
secure transaction environment.  

Annual Giving

For U.S. Donors - Cash donations are fully tax deductible up to 50% of the donor’s adjusted gross
income (AGI) as defined by the IRS.  The deductions for the donations not utilized in one year may
be carried forward.  Tax-deductible donations can also be made in appreciated assets such as
securities, artwork, real estate, etc.  Some of those donations will require appraisals, so the donor
should consult with the Treasurer in advance.  All gifts will be acknowledged in the appropriate IRS
format .

For Canadian Donors - All donations to Merton College are tax-deductible. The University of Oxford
represents an educational institution specifically designated for charitable status under the Income
Tax Act (Canada) and Regulations [Section 3503] thereto. In line with these regulations,
Canadians may make a donation in two ways:

(1) Checks may be made payable to The University of Oxford Development Trust and sent to MC3
for recording and forwarding to the Merton College Development Office, or you may send it directly
to the Merton College Development Office. Please download and print a
donation form and include
it with your check.

(2) If you would prefer the convenience of making an on-line donation by credit or debit card, please
visit the University of Oxford
Online Giving pages, note how you wish to allocate your donation and
follow the prompts. Remember to check the box indicating that you are a Canadian taxpayer and
would like the University Development Office to issue a tax receipt. Please note the University can
only process credit card donations in sterling.  

Whichever method you use, you will be issued a tax receipt by the University Development Office in
due course, usually within two months of the gift being made.

Recurring (Subscription) Giving
To make it easier to incorporate your charitable donations within your budget, you may make
recurring gifts using the MAKE A GIFT TO MC3 link above.  Automatic payments that
fit your budget are available once a month for 12 months.  Your automatic payments (subscription)
may be cancelled at any time by returning to the
donation page and clicking on "UNSUBSCRIBE."

Matching Gifts
Many companies offer employees a matching gift that can increase your gift to MC3.  Contact your
company’s human resources department to find out if your employer participates in this gift
program.  

Bequests
Remembering Merton in one’s Will is a major source of MC3’s support.  Bequests should be
designated to the Merton College Charitable Corporation.  Such bequests will not be taxed in the
donor’s estate and thus will not generate tax liability for other heirs if the will is drawn properly.  If
you have any questions, please consult the
Treasurer.

Life Gifts/Annuities/Charitable Trusts
For some persons, it may be both practical and economically beneficial to consider making a gift to
MC3 during their lifetime through estate planning mechanisms such as annuities, charitable
trusts, life insurance, etc.  For example, a person may own a stock with a large capital gain that
pays a low dividend.  The individual may want more income, but is reluctant to sell the stock and
pay a large capital gains tax.  In general terms, it is possible to donate the stock to MC3 and have
MC3 sell the security without tax as a tax-exempt organization.  MC3 can then reinvest the proceeds
for the benefit of the donor during the donor’s lifetime and generate significantly more income.  In
addition, the donor will receive an immediate tax deduction for the charitable donation based upon
age. The same mechanisms can be used for other appreciated assets generating little income
such as land, art, etc.

In general, gifts must exceed $50,000 to qualify for this type of charitable trust.  MC3 will handle the
paperwork.  Each individual’s circumstances are different and must be examined with his or her
investment and legal advisors.  
If you believe such an action might be
of interest, please contact the
Treasurer.



For further information, please contact:

Mr. R. G. McKelvey
Treasurer
rmckelvey@georgemckelveyco.com
Merton College Charitable Corporation
529 Washington Blvd
Sea Girt, New Jersey 08750
USA
Tel  732 449 5323
800-449-5322