Cash
This is the most favored way to make a gift in support of Ripon College.
Your outright gifts of cash are fully deductible for federal income
tax purposes up to 50 percent of your adjusted gross income.*
- Write a check to Ripon College. The mailing address is: Ripon
College, Office of Development, PO Box 248, Ripon, WI 54971
- Make your gift online via our secure server at www.ripon.edu/gift.
- Call our toll-free Contribution Line at (877) 231-0455.
* Always consult with your tax adviser to see how a gift of cash can
benefit you and Ripon College.
Securities/Appreciated Property :
Giving long-term appreciated stock offers you a potential three-fold
tax savings. First, you avoid paying capital gains tax on the increase
in value of your stock. Second, you receive a tax deduction for the
full fair market value of the stock on the date of the gift. The third
tax savings is a reduction in the value of the donors' taxable estate
by the amount of the gift.
The value of your gift and the date of the gift are both determined
by the date of the transfer, which is the date of the securities are
received in a Ripon College account. To be sure the gift is made this
calendar year, please allow adequate time for the transfer.
Assume you purchased a share of
the Red Hawk Corporation in 1995 for $250 and the share is now
worth $1,000. Also assume you are in the 27.5-percent federal income
tax bracket. Below is an illustration of the benefit of donating
an appreciated security to Ripon instead of a cash gift of $1,000.* |
|
Cash |
Stock |
| Size of gift |
$1,000 |
$1,000 |
| Income tax deduction |
($275) |
($275) |
| Capital gains tax savings |
n/a |
($150) |
| After tax cost of gift |
$725 |
$575 |
* The stock must be long-term, owned
for at least one year and a day.
* Always consult with your personal tax adviser to see how a gift
of securities can benefit you and Ripon College. |
Real Estate
If you have owned your home or other real estate for a period of time,
it likely has increased significantly in value. Before you sell real
estate that would result in a sizeable capital gains tax, consider
donating the property to Ripon -- you'll avoid the tax and realize
a charitable deduction for the full fair market value of the property.
Life Insurance
Do you have life insurance that you no longer need? Policies that
are paid up may be deductible as gifts for their replacement value.
Policies that still require premiums can also be used to make a gift,
with future premiums deducted from your annual income tax.
Planned Giving
Charitable bequests remain a popular way for many donors to perpetuate
their giving for future generations. Join the partners in the legacy
and make a bequest by specifying Ripon College:
- A dollar amount
- A percentage of your estate
- As a residual beneficiary -- whatever is left after all other
beneficiaries have received their bequest
Retained Life Income
You may find yourself in a position of holding assets that would make
a meaningful gift in the future. However, you may currently require
them to meet present and anticipated future needs. By placing appreciated
property or cash into a charitable remainder trust, a unique gift arrangement
can be made that would provide income for you and perhaps a specified
beneficiary as well. Tax benefits include an initial income tax deduction
and avoidance of capital gains tax for appreciated securities. At the
end of the agreed period, usually the donor and/or their beneficiary's
lifetime, the remainder of the trust's assets would be given to Ripon
to help support future generations of students and faculty.
|
