There are many ways to make a gift to ASU and no matter what your financial situations is, all donations bare some kind of tax advantages. Depending on what you would like to achieve whether it be an outright gift or planned gift, the benefit is clear – your gift will have a positive impact on ASU’s students and the University itself.
The Albany State University Foundation, Inc is the gift receiving entity for the University and listed below are some of the more popular ways to support ASU.
Gifts of Cash – A gift of cash is the most frequent and easiest way to make a donation to ASU. You can download this form and either make an outright cash gift or maybe you would like to choose to support ASU by pledging a set amount over a period of time. All donations need to be payable to the Albany State University Foundation, Inc. and mailed to 504 College Drive, Albany, GA 31705.
Corporate Matching Gifts – Many places of employments have a matching gift program where the employer matches the gift of their current or retired employees. Your company’s human resource department should be able to provide such details and a matching gift form should be included with your gift and also mailed to the ASU Foundation.
Gifts of Securities – Your wise market investment in common stocks, bonds, mutual funds and other appreciated securities are a great way to give back to ASU. Not only do you receive a great benefit of a charitable tax deduction, but in many instances, you can also avoid capital gains tax on the appreciation of the asset. Regardless of your financial situation, it is almost always to your advantage to transfer the appreciated securities directly to the Foundation, rather than selling them and donating cash.
Gifts of Property –There are numerous ways you can give real property to ASU that will make a significant difference to the mission of the university. These gifts, like gifts of securities, can receive the same tax benefit: no capital gains tax in addition to deductibility of the property at fair market value.
Planned Gifts - Planned giving can be a very attractive giving strategy for many donors and involves the irrevocable transfer of an asset such as life income gifts, retirement assets, bequests and life income gifts. These gifts have specific tax advantages for you and/or you heirs. If you would like to make a planned gift to ASU, please contact the Office of Institutional Advancement for more information.
The information presented above is serves solely as a general guide to charitable contributions and is not intended to be legal advice. Please contact your legal or tax advisor for specific details regarding your donation.
For additional information regarding gifts to Albany State University, please call the ASU Foundation Office at 229-430-4660.
