What to Give
Gifts of Cash or cash gifts pledged over time
Cash gifts are the simplest way to give and are deductible up to 50 percent of your adjusted gross income for the taxable year. If a portion of the gift exceeds the 50 percent, it may be carried forward for up to five additional years.
Credit Card Gifts
If you are making regular gifts to Phi Theta Kappa, you may make donations through your Visa, MasterCard, or Discover. This may be a convenient way to make sustained gifts to the Foundation.
Matching Gifts
You or your spouse may work for a company that has a corporate matching gifts program. Taking advantage of this wonderful gift giving option may allow you to double or even triple the impact of your gift. Ask the personnel benefits office at the company for information about the program and a form to complete.
Appreciated or Depreciated Securities
If you have appreciated stock held for more than one year, you can not only avoid capital gains taxes on the gift amount but also receive a tax deduction for the full fair-market value of the gift.
If you have an investment that has decreased in value since purchasing it, you may want to sell it and make a charitable gift of all or a portion of the cash proceeds. Not only would you be able to receive a tax deduction for the cash contribution, but you may be able to deduct the loss from other taxable income.
Bonds, Mutual Funds
Similar to stocks in their tax treatment, if you have held bonds or mutual funds for more than one year, a tax deduction for the full value of the gift may be possible. Corporate, state, municipal, and U.S. Government bonds are examples of great sources of gifts.
Gifts of Life Insurance
You may consider giving a life insurance policy to Phi Theta Kappa. For the gift of a paid policy, you will receive an income tax deduction equal to the lesser of the cash value of the policy or the total premiums paid. The Foundation must be named as owner and beneficiary to qualify for the federal charitable contribution deduction on a gift of an existing policy.
Gifts of Real Estate
Gifts of real estate may include a home, a vacation home, land or a farm. In most cases, if your property is fully paid off and has appreciated in value, you can deduct the fair market value of your gift and avoid all capital gains taxes. You can transfer the deed to the Foundation now and retain the right to live there for the remainder of your life, your spouse’s life or other survivor and receive an immediate income tax deduction for the gift.
Note: We recommend that individuals consult with their own tax or legal advisors prior to making a gift.
Athena Legacy Society
The Athena Legacy Society recognizes those who have made an estate commitment or a deferred gift to the Phi Theta Kappa Foundation to benefit Phi Theta Kappa. Anyone who has made an estate provision that includes the Phi Theta Kappa Foundation is asked to inform the Foundation in writing. The size of the eventual gift does not need to be disclosed at that time. For more information, please contact Dr. Nancy Rieves, Director of Institutional Advancement, at 800.946.9995 ext 3537.
More information on Planned Giving:
- For more information visit our web page on Planned Giving.
- If you are interested in making a planned gift to Phi Theta Kappa, please call toll free 1-800-946-9995, extension 3537, to speak with Dr. Nancy Rieves.
Giving To Phi Theta Kappa
Contribute to Our Endowment
Contribute today to these Giving Opportunities by completing a Letter of Intent, especially for contributing to the endowment, or a Donor Card.
