Types of Gifts
“I started teaching at Valdosta State University in the fall of 1968 and the university has certainly changed. The cost of tuition has increased two to three times since I was a faculty member at VSU; therefore, students are showing more prominent needs for tuition assistance and scholarships. I certainly enjoyed teaching, and Barbara and I have very few kin people, so we decided to give back to the school. Everything we have is going to charity, and VSU was one of the many organizations we intended to donate to.”
Dr. H. Brantley Jenkins, Jr., retired physics professor, honorary campaign chairman
Give by check or other means of giving cash and deduct gifts up to 50% of your adjusted gross income in any one year. Carry over any excess into as many as five tax years.
Send an unendorsed stock certificate in one envelope and a signed stock power form in another envelope. The gift is complete on the postmarked date of the later envelope. Deduct the full current value of the stock and bypassing any capital gains tax, which might be due on a sale. Deduct such gifts up to 30% of you adjusted gross income in any one year. Carry over any excess into as many as five tax years. Securities must be long-term (held longer than a year) to qualify for favorable tax treatment.
Personal Property Given for a Related Use
Deed or deliver the property to the recipient and deduct the current value of your cost in the asset, depending upon how the asset will be used. Inquire for details. Note: a qualified appraisal is required if you are claiming a charitable deduction of $5,000 or more.
Assign a charitable beneficiary (or owner and beneficiary) of an existing new policy and take a deduction if you name a charitable owner and beneficiary. Inquire for details.
Include VSU in your will for a specific amount, a percentage of your estate, or a remainder gift after bequests to individuals have been paid and take an estate tax deduction for full value of your bequest to VSU.