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*Click Topic to Expand FieldCash Gifts
Cash gifts are the easiest gifts to value for tax purposes, and they are deductible in the year that they are given. Outright gifts of cash qualify for the greatest
tax benefit and savings, which significantly reduces the actual cost of making a gift. Make a gift
in our secure online environment now.
Credit/Debit Cards
Credit/debit card donations are a convenient way for donors to make a contribution. For tax purposes, a credit card donation is deductible in the year the charge
is made. You may make a new gift to the university with your credit/debit card gift or make a payment on an existing pledge via our secure site. You may also set up a
recurring monthly credit/debit card gift to the university to increase your annual giving power and ensure that you maintain active status in the SU Alumni
Association. The SUS Foundation will charge the amount you select to your credit/debit card each month on the day of the month that you choose. Make a gift in our secure online environment now.
Bank Drafts
Bank drafts are another convenient way to make a contribution. Donors may make these contributions monthly by authorizing the SUS Foundation to have a specified amount automatically deducted from their checking accounts. Download Form
Securities
Securities, including stocks and bonds, may be used to make a gift to Southern Univeristy, often with a minimal amount of out-of-pocket cost. The donor can compute the income tax deduction using the average value of the securities on the date of the gift. The amount of the deduction is based on the asset's current value rather than the donor's actual cost of acquiring the securities. The method for transferring securities differs depending on how the securities are held.
Matching Gifts
Many corporations will match donations their employees make to educational institutions. Matching gifts from an employer can double or even triple your gift to SU. The SUSFoundation has a list of companies that have matching gift plans. Not sure if your employer is a matching gift company? Just call us and ask!
Real Estate Gifts
Real estate gifts entitle the donor to the same tax benefits as gifts of cash or securities, provided the real estate has been owned more than one year and there are no debts payable on the property. These gifts also generate substantial estate tax savings by removing a typically high-value asset from the donor's estate, reducing the taxes that may eventually have to be paid on the estate. Real estate gifts are subject to acceptance by the SUS Foundation board of directors.
Personal Property Gifts
Personal property gifts, such as objects of art, jewelry, rare books, or collections generally can be deducted at the asset's current fair market value provided the property has been owned for more than one year and can be used by a college, unit or program at Southern University. The Internal Revenue Service requires appraisals of items valued at $5,000 or more. Although Southern University may keep these items for use in its learning, research or service programs, in some instances it sells them, using the proceeds to further one of its core missions.
Personal Property Gifts
Personal property gifts, such as objects of art, jewelry, rare books, or collections generally can be deducted at the asset's current fair market value provided the property has been owned for more than one year and can be used by a college, unit or program at Southern University. The Internal Revenue Service requires appraisals of items valued at $5,000 or more. Although Southern University may keep these items for use in its learning, research or service programs, in some instances it sells them, using the proceeds to further one of its core missions.
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