All Penn State donors share one important reward for their gifts: the personal satisfaction from making an investment in human potential. Gifts to Penn State help to ensure the dream of a great education to our current and future students as well as providing benefits that help our local and world communities. There are many ways to give to Penn State and we look forward to working with you to help provide a better future for Penn Staters and the community at large. As the calendar year-end nears, now is a great time to make a charitable gift to Penn State.
On these pages, you can learn about the giving opportunities that are right for you. From outright gifts to stocks and mutual funds, we can help you tailor your gift in numerous ways.
Please note that the Pennsylvania State University will be closed from 5:00 pm Friday, December 21 through 8:00 am Wednesday, January 2, 2013. The Office of University Development will offer limited services to process donor gifts as noted on the following page: http://giveto.psu.edu/year-end-gift-tips.
Reminders and Tips for Making Year-End Gifts
As the end of the year approaches, please keep in mind a few deadlines and tips to ensure your gift to Penn State is processed and applied to the 2012 tax year.
Click here for a list of Frequently Asked Questions about the impending “fiscal cliff” and year-end tax planning in the face of an uncertain future.
Making an outright gift to Penn State can maximize your charitable deduction and confer immediate benefits to the University.
You have a variety of options for making your outright gift. You can:
*Online gifts are made through our secure giving site, ensuring that your credit card, along with all other information you submit, is processed in a safe environment.
Gifts of Appreciated Securities
A gift of appreciated stock (securities) may allow you to make a larger gift than you thought possible. If your securities have appreciated in value, you have the opportunity to avoid the capital gains tax that otherwise would apply to that appreciation if the securities were sold. You also may be eligible for an income tax charitable deduction for the full fair market value of the securities. With the tax savings, the “cost” of your gift to Penn State may be much less than the actual value of the gift you are able to make—which may make this form of giving all the more appealing.
Because security delivery instructions are dependent on the asset being gifted, how it is held, how it can be transferred, and the current federal, state, and local privacy statutes, please contact our specialist, Terri Assael, for transfer assistance and to advise us of any assets being transferred to the University.
For more information on planned gifts, please visit Plan Your Gift, our Gift Planning site.
Receive a Tax Benefit in 2012—Act Now
There are distinct tax benefits that can amplify the value of a gift to Penn State. With the end of the year approaching, now is a great time to consider those benefits in light of your own philanthropic and financial goals. Whether you make an outright gift or a contribution of stocks, bonds, or mutual funds, your support will impact the lives of Penn State students. We hope you will make a philanthropic investment today by making a gift to the college, campus, or program of your choice.
Keep in mind that mutual fund shares, as well as all securities, must be processed and transferred into Penn State’s account by December 31, 2012 for you to receive a tax benefit for 2012. The transfer of mutual fund shares takes six weeks or longer because each mutual fund company has its own requirements for making charitable contributions.