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Murphy, Thomas H. (ed.) / Wisconsin alumnus
Volume 83, Number 1 (Nov. 1981)

Wineke, William R.
Religion is "in" on campus,   pp. 19-27


Page 26


Tired of High
Maintenance Costs?
Consider a Gift
of Real Estate to the
University of Wisconsin
Foundation
Many people wishing to benefit the University do so by means of cash
or appreciated securities. But, there is another means of making a
charitable gift that offers some appealing tax advantages-a gift of your
residence, farm, condominium or vacation home.
In this era of highly inflated property values, the sale of real property,
and particularly that of a vacation home, often involves a substantial
capital gains tax. This can be avoided altogether where the property is
gifted to the University of Wisconsin Foundation. In addition, you re-
ceive a charitable deduction for income tax purposes equal to the value
of the gift, usually the full fair market value of the property when it is
free of mortgage indebtedness.
If you plan to give your residence or vacation home to the Founda-
tion under your will, you can get present income tax savings by con-
veying the property now and retaining the right to live in the home for
life. You would gain, thereby, a tax benefit without changing your
present lifestyle in any way.
You might wish to consider a charitable gift of an undivided interest in
a home you do not use year-round. For example, if you give the Foun-
dation an undivided one-half interest in your vacation home, you may
occupy it one half of each year and take a tax deduction for one half the
fair market value of the property. An additional gift of a remainder
interest in the other half will entitle you to further tax benefits.
Most importantly, your gift of real estate can be used to fund a pro-
gram of scholarships, medical or scientific research or to enhance an
academic area of particular interest to you.
These and other gift options might well have a place in your charita-
ble giving and estate plans. We would be happy to discuss them with
you and your tax adviser.
For further information and a copy of our free booklet, Taxwise Home-
owner's Guide, contact:
Fred Winding
Vice President - Real Estate
University of Wisconsin Foundation
702 Langdon Street
Madison, Wisconsin 53706
608/263-4545
Continuedfrom page 7
Entering Law Students
Set Test Score Record
First-year students entering the Law School
this fall set a record for average scores on
the admissions test. The average was 650,
about ten points higher than for last year's
entering class. Fifty-five students scored
above 700 out of a maximum 800 points.
   The class of 302 is the largest since 1971
and twenty-five higher than the class of
1980. Ed Reisner, placement director, said
more students accepted for admission this
year decided to enroll. Women comprise
forty-two percent of the class. The average
age of all students is twenty-six, and the ma-
jority of them have been out of school for a
year or more since they earned undergrad-
uate degrees.
   Eighty-two students have attended
graduate schools. Their advanced degrees
include one doctor of divinity, one dentist,
and three Ph.Ds. Another forty-three have
earned master's degrees. More than three-
quarters of the first-year students are Wis-
consin residents.
Accounting Students Win
$88,000 In Scholarships
Accounting students in the School of Busi-
ness have accumulated the biggest dollar
total in scholarships-more than $88,000-
ever recorded by the school in a single year.
   The accounting and information sys-
tems department said the scholarships were
presented to twenty-nine undergraduate
and twenty-six grad students. The awards
were based on competitions at the depart-
mental, university, state and national
levels.
   Two undergraduates, Linda Gorens,
Milwaukee, and David Morrison, La-
Crosse, won $2,500 Arthur H. Carter
Scholarships. UW-Madison was one of
three universities to have more than one
winner of this award, according to account-
ing department chairman Ernest Hanson.
The department recently was ranked sec-
ond in the nation among undergraduate ac-
counting programs by professional re-
cruiters. Graduates of the department have
one of the highest passing rates in the coun-
try on the Uniform National CPA examina-
tion, Hanson noted.
Musicians Ready to Hit the Road
to Wisconsin Communities
The musicians load up a vehicle with clari-
net, flute, horn, oboe and bassoon. Then
the five faculty members climb into the sta-
tion wagon, and they're off to bring their
talents to a Wisconsin community. The
mixture of instruments, baggage and per-
26 / THE WISCONSIN ALUMNUS


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