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To make a contribution to Georgia Southwestern State University:
Cash- Cash contributions from individuals qualify for charitable tax deduction, but are limited to 50 percent of the donor’s adjusted gross income in the year of the gift. Any excess amount over the 50 percent limitation can be carried forward for up to five consecutive years to use the full deduction.
Appreciated Securities- There are several distinct tax advantages in giving long-term securities that have increased in value. Donors receive a tax deduction for the current market value of their securities, generally with no capital gains tax on appreciation.
Real Estate- We will be happy to discuss the possible gift of land, a house, or vacation home. The benefits to the donor could include a full fair market value income tax deduction that is up to 30 percent of the adjusted gross income with a five-year carry-over provision and generally no capital gains tax on the property’s appreciation.
Bonds and Mutual Funds- Bonds and mutual funds are similar to stocks in their tax treatment with a tax deduction for the full value of the gift if they have been held by you for more than one year. Corporate, state, municipal, and U.S. Government bonds are welcome.
Gift Annuity- In exchange for a gift of cash or securities, Georgia Southwestern will pay you and your survivor a guaranteed in come for life. You receive a substantial income tax deduction in the year of the gift and part of the income may be tax free. Upon your death, the gift remainder supports Georgia Southwestern. Your in come and tax deduction are based on your age.
Deferred Gift Annuity- Similar to a gift annuity except that payments begin at a future date determined by you—at retirement for example. Your tax deduction and annual rate of return increase the longer you wait to start payments. This is a good retirement planning vehicle especially for self employed people.
Charitable Remainder Trusts- (Irrevocable) (Annuity and Unitrusts) Donors can select the rate of return from these income arrangements and also choose a fixed or fluctuating annual payment. Capital gain taxes are avoided and you will receive a tax deduction based on the age of the income recipient and rate of return.
Charitable Lead Trust – In a charitable lead trust, assets are transferred to a trust which pays income from the fund of Georgia Southwestern for an amount of the years you determine. At the end of the time period, the trust terminates and the assets are given back to the person(s) you name including yourself, if that is your choice.
Bequest Though Your Will – Through this simple way to give of your estate, you can make a gift bequest to Georgia Southwestern of a dollar amount, specific property, a percentage of your estate, or what is left (remainder).
Revocable Charitable Living Trust – The gift that can be taken back! Gifts should be made only on a permanent basis when it is in your best interest to do so. The revocable trust provides for gifts of cash, property, and/or income now, while retaining the right to retrieve the property if necessary. There is no tax deduction for the gift but there may be savings in estate settlement costs if the trust is not revoked.
Gifts of Life Insurance – There are several ways life insurance can assist you in making a significance gift to Georgia Southwestern State University.
Gift of Life Insurance proceeds – You can name GSW as beneficiary of all or a portion of the proceeds of an existing life insurance policy.
Gift of Life Insurance Policy – You can transfer ownership of all or part of an existing policy.Purchase a new Life Insurance Policy naming GSW as owner & beneficiary.
Reda K. Rowell