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Making A Gift to Thomas College
There
are many different ways of making a gift to Thomas College, and the method you
select will depend on your own resources and what you want to accomplish in
addition to benefiting the College.
Gifts of Cash
The
simplest gift is, of course, an outright gift of cash. Depending upon your tax filing status,
you may want to consider the impact a cash gift will have on your annual income
tax filing at the end of each calendar year. It is, by the way, Thomas College’s policy to provide a
written receipt for any gift valued at $100 or more. Generally, these receipts are distributed in January, but
receipts for special gifts may be provided at any time of the year, depending
upon the circumstances.
A
gift of cash may be in the form of a personal check, a money order, or via
credit card. If you make a pledge
to the College of $100 or more, we will be happy to divide your pledge into
easy payments. We will either
automatically notify you of your pledge payment or—easiest for all of
us—automatically charge your credit card on the schedule you select until your
pledge is paid in full.
You
can use the SECURE web site we have developed for you to use when using your
credit card to make a gift to the College via e-mail. Please go to our donation form, fill it out
and send it to us with your determinations regarding your cash gift to the
College.
Gifts of Stock or Securities
If you have owned a stock for more than 12
months, and it has appreciated in value during that time, you would incur a
capital gains tax by selling it.
However, if you give that stock to Thomas as a gift, you avoid the
capital gains tax and can also claim an income tax deduction for the full fair
market value of the gift up to an amount equal to 30% of your adjusted gross
income. Any unused deduction may
be carried forward for up to five years.
If
your broker is conducting the transaction, be sure she or he indicates the name
of the donor(s) on the transfer so we know to whom to credit the gift. The date stock is credited to the
Thomas College account determines the date and the value of the gift. Donors and their brokers should take
care to inform Thomas College that a stock transfer is imminent, so the College
can assure that the transaction is completed in a timely manner. This is especially important for any
gift where timing is important for tax-related or other purposes.
Donors
of appreciate securities should not sell the securities before giving them to
Thomas College since this may affect capital gains liability.
For broker transfers:
DTC
#: 0201
(Code 40)
A.G.
Edwards & Sons, Inc.
FBO: Thomas College – General Account
356
035992
Gifts of publicly traded securities
(including bonds) and some restricted stocks are valued at the stock’s average
of the high and low price on the day the stock is credited to the Thomas
College account. In determining
gift credit, Thomas College reserves the right to consider any special factors
affecting the marketability of the stock.
Matching Gifts
Many
companies will match your donation to Thomas College. A special list of these companies has been compiled for
Thomas and can be found at the matching gift page. Please double check this list and, if
your company is included, obtain an authorization form from your Human
Resources Department and send it to us along with your donation. You can make your dollars do double
duty and sometimes even more!
If
your company offers this benefit to its employees and is not listed, please
contact the Development Office at mitchelld@thomas.edu
and let us know so we can include it.
Income Producing and Deferred Gifts
The
full benefit of income producing and deferred gifts is realized only after the
donor and his or her heirs have enjoyed the income generated by the gift. This gift is generally in the form of a
trust or an annuity and may be designed to help meet a variety of personal
goals. If you would like further
information on how you can benefit from making a planned gift, please contact
Donna-Jo Mitchell, Director for Development for the College.
Some
forms of income producing or deferred gifts include:
Bequests
Charitable Gift Annuities
Deferred Payment Gift Annuities
Life Income Gifts
Life Insurance
Pooled Income Funds
Charitable Remainder Trusts
Charitable Remainder Unitrusts
Charitable Remainder Annuity Trusts
Charitable Remainder Term Trusts
Charitable Lead Trusts
We are looking forward to
helping you make your gift to Thomas College beneficial to you and the College
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