Throughout the year, there are many occasions when you want to give a special gift – one that can truly make a difference. Whether it is gifts for the holiday season or gifts in honor of a loved one, your contribution is important. As you consider donations, you will want to take advantage of any tax benefits that may be available to you. The following information describes several gift options that you will want to examine as you review the charitable gifts you want to make before the end of the year. The tax deductions associated with these gift options apply if you itemize your tax deductions. Contact the Development Office at 229.732.5990 or development@andrewcollege.edu if you need any assistance.
When you include our organization in your will you insure your lifetime contribution to our future work. There are several simple ways of leaving a bequest to us through your will. You can give:
Stocks, bonds or mutual funds which have risen in value since their purchases make excellent gifts. If you sell them you generate a capital gains tax and could pay up to 28% of your gain to the IRS. If you donate them, there is no capital gains tax due. In addition:
Cash contributions are the easiest to make and the most effective because they can be immediately earmarked for our current needs. If you itemize your tax return, all cash gifts may be deducted up to 50% of your adjusted gross income.
The gift of life insurance is easy, convenient, and allows you to give more than may be possible otherwise. Your options are many and include:
Through a memorial or honorarium gift you can pay special tribute to a loved one while making a charitable gift to our organization. Any of the gift options mentioned in this brochure can be made as memorial or honorarium gifts. All of the same tax deductions apply.
Antiques, works of art or other collectibles can be deducted at the full fair market value if the property can be used directly by the charitable organization. If the organization is better served by selling the property, your deduction is limited to the cost basis of the property.
Life income gifts give you the opportunity to help our organization in the future while you enjoy immediate tax benefits. The benefits include:
Contact Advancement/Development
229.732.5933
development@andrewcollege.edu