The type of gift that you decide to make depends on your specific tax, income or estate-planning needs.
Generally there are two primary gift forms - outright gifts and deferred gifts.
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Cash
Cash gifts are one of the most important sources of annual support for the Rawls College. This type
of gift is easy to make and can be designated to support any area in the college. Also,
income-producing interests (such as oil and gas interests, mineral rights, etc.) can be used as a gift.
Donors making cash gifts realize an income tax savings. Any charitable deduction of up to 50 percent
of your adjusted gross income (AGI) can be claimed the year of your gift. If the charitable deduction
exceeds 50 percent of your AGI, it can be used over the next five tax years.
Appreciated Securities
Appreciated securities include publicly traded or closely held (private) stock that has increased in
market value since you purchased it. Corporate, tax-exempt, and zero coupon bonds are also valuable
marketable securities. A donor can retain control of his or her closely held stock while using it to
make a gift. This is accomplished by donating the stock, then repurchasing it at the current market
value. A charitable deduction can be taken up to 30 percent of your AGI claimed the year of your gift
(if the charitable deduction exceeds 30 percent of your AGI, it can be used over the next five tax
years). No capital gain tax is applied to appreciated securities when given to the college.
Real Estate
Real estate may be given by transferring title for residential, rental, oil and gas, or commercial
property. A charitable deduction can be claimed the year the property is gifted, and if needed, can
be used over the next five tax years.
Personal Property
Personal property may be anything of value that you own that is not real estate, such as artwork,
computers, books, jewelry, collections, etc. The donor realizes a charitable deduction if the gift
can be used by the college and university for its normal operations. Your income tax deduction is the
full fair market value as determined by an independent appraisal.
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