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| Outright Gifts |
Cash
The easiest way to give, cash gifts offer a tax deduction for the full amount of the gift in the year it is made. Pledges may be paid over a period of time. Your company may match your gift to the college with a gift of its own. Check with your human resources office for information on your company's matching gifts policy.
Make A Gift On-line by Credit Card
For questions regarding gifts of cash, please contact Brenda Schmick, Gift Records Specialist at 570-321-4353 or via email schmick@lycoming.edu.
Publicly Traded Stocks or Securities
Much like cash, gifts of stock are tax deductible at full fair market value. The donor is not taxed on long-term capital appreciation.
For questions regarding the transfer of stocks or securities, please contact Brenda Schmick, Gift Records Specialist at 570-321-4353 or via email schmick@lycoming.edu.
Real Estate
Appraisal of the real estate establishes fair market value and in turn, the amount of the tax deduction. Real estate gifts may avoid capital gains tax. A donor may also sell a parcel to Lycoming College for less than fair market value and claim the difference as a charitable gift.
For questions regarding real estate gifts, please contact Jennifer Wilson,
Director of Development at 570-321-4395 or via email wilson@lycoming.edu.
Personal Property
Assets related to the educational mission of Lycoming College generate tax deductions equal to the fair market value of the gift. Gifts of property unrelated to the college's purpose are deductible on the basis of their cost to the donor.
For questions regarding gifts of personal property, please contact Jennifer Wilson, Director of Development at 570-321-4395 or via email wilson@lycoming.edu.
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