Methods of Giving
The Campaign for Wagner College seeks pledged commitments to be fulfilled over the next five years. Gifts of cash or liquid securities are the preferred methods of giving to the campaign. Other forms of giving, such as deferred gifts, are also welcome and may offer qualified donors an attractive alternative, enabling them to significantly increase the level of their gifts.
Gifts of Cash: An outright gift of cash, for which the donor receives an income-tax deduction as prescribed by current law. Pledging a gift over five years may allow one to make a more substantial gift while affording one the opportunity to adjust the timing and amount of each payment to achieve the most beneficial tax treatment.
Gifts of Appreciated Publicly Traded Securities: A gift of stocks or bonds which are or will be readily marketable. The deduction for outright gifts of appreciated long-term securities (held more than 12 months) is equal to the fair-market value of the securities on the date the donor relinquishes control of the assets to the college, and none of the appreciation is taxable for capital-gains purposes.
Gifts of Closely Held Stock: A gift of stock of a private corporation. The donor may avoid capital gains on appreciation of closely held stock while attaining a tax deduction based on the stock’s fair-market value. As with publicly traded stock, the donor may obtain an immediate tax deduction up to 30% of their adjusted gross income. If the gift exceeds 30%, the remainder of the deduction generally can be carried over for up to five years.
Gifts of Real Estate/Tangible Property: Property may be donated outright once approved by the campaign executive committee. An immediate tax deduction is available and capital-gains taxes may be avoided.
Gifts of Bequest/Living Trust: A gift of cash, securities, or real property, made upon the donor’s death through provisions in his or her will or living trust. Realized bequests received during the campaign shall be credited toward the campaign. Realized bequests will be credited, recognized or commemorated at the value established at the time of probate and/or at the fairmarket value on the date of the transfer of the asset(s). New bequest expectancies may be credited to the campaign if the donor is or will be age 70 or older by the end date of the campaign, and if the donor has signed a binding letter of intent to make such gift through a will. Crediting of bequest expectancies shall be at the sole discretion of Wagner College, in consideration of the donor’s overall relationship with Wagner and other gift commitments.
To read more about gift planning, click here.
All gifts are tax deductible to the extent provided by law.
