Cash – Cash gifts are convenient and tax deductible if you itemize. Up to 50 percent of your adjusted gross income may be charitably deducted with a five-year carryover of any unused deduction.

Life Insurance – A gift of life insurance allows you to give a gift larger than you jight believe possible. When you give a charitable gift of life insurance, the cash value of the existing policy results in an immediate charitable deduction for you. Continued gifts for premiums are also deductibleGift Annuities – The college has a gift annuity program which provides an annual income, usually paid quarterly, in exchange for a gift of cash, securities, or other property. The interest paid is usually much higher than that paid in typical savings accounts and is based on a person’s age and whether there is one life or two lives involved.

Matching Gifts – Many companies will match their employees’ gifts – in part or one-to-one – to charitable organizations. This is an outstanding opportunity to multiply your gift and increase your stewardship. This is an excellent way to multiply your gift at no cost to you. Contact your Human Resources department to see if the company has a matching gift program and if so, what the guidelines are.

Planned/Estate Giving – Contact the college to inquire into options for planned/estate giving. College personnel may be able to assist you in developing a will or living trust at no or reduced cost to you.

Property – If you give property that has been owned for a long period of time, you not only get to deduct the difference of what you paid versus the current value, you do not have to pay capital gains tax on the profit.

Stocks – The above is true of gifts of stock also. You want to be sure to give the stocks themselves to the college rather than sell them and give the proceeds which will cause you to have to pay capital gains tax on the profit.

Contact Information
Mark Blackburn
Administrator
314-838-8858 ext. 2107
mblackburn@gatewaycollege.net