WAYS TO GIVE
With a varied selection of support options and the added tax benefits for donors, a giving plan is available that fits most alumni and friends of Barton College.
Cash
Cash donations are the easiest way to give and to receive a year-end
charitable deduction. You may also make your donation in one or multiple
transactions. For income tax purposes, cash gifts are deductible up to
50% of your adjusted gross income. Contributions over that limit may be
carried forward for up to five subsequent years.
Publicly Traded Securities
Contributing appreciated securities offers significant tax advantages
for you. If you have owned the shares for more than one year, you may
deduct their full fair market value as a charitable contribution and
bypass all capital gains taxes. Gifts of appreciated stock are fully
deductible up to a maximum of 30% of your adjusted gross income.
Contributions over that limit may be carried forward for up to five
subsequent years.
Mutual Fund Shares
Like gifts of publicly traded securities, gifts of mutual fund shares
are deductible up to their full fair market value. Some mutual fund
companies have special procedures that make gifts of mutual funds shares
quick and easy.
Real Estate
You can give real property -- such as a house, apartment building, farm,
vacation home, commercial buildings and income-producing and
non-income-producing land -- now, through your estate, or use your to
fund a charitable remainder trust that provides income to you or your
children first. As long as you have owned the property for a minimum of
1 year, you may deduct the fair market value of the property while
avoiding all capital gains tax on your charitable contribution.
Life Estates
By giving your home to Barton now, you and your spouse gain a current
income tax deduction while continuing to live in your residence for
life. Vacation homes may also be contributed. Barton will ultimately
sell the residence and use the proceeds to support the College and
specific purposes you identify.
Life Insurance Policies
Have you purchased life insurance but find that you no longer need the
protection? The policy can become an ideal tool for charitable giving.
You can establish any type of fund with a gift of life insurance. To
give through a life insurance policy, simply irrevocably assign the
policy to Barton College and also name the College as the policy's
beneficiary. Annual contributions to cover the policy's annual premium
are tax-deductible. If the policy is paid up, you will receive an
immediate tax deduction in an amount equal to the policy's cash
surrender value.
Gift Annuities
A gift to Barton College through an annuity is one of the simplest forms
of planned giving available. When you transfer a specific amount of
funds to the College, you will in turn receive an income for life and
immediate tax relief.
Unitrusts
This vehicle offers a unique way to give to Barton College that provides
you with substantial tax savings and annual income. A unitrust is funded
with assets, usually appreciated securities or property. These assets
may be sold and reinvested within the unitrust to produce greater yield
for you or the College. Your income is a fixed percentage not less than
5% of the trust's net asset value. As that value increases, so will the
payout to you. The immediate benefits of a unitrust include a current
income tax deduction, bypassing capital gains taxes, and typically an
increase in current income.
Year-End Gifts
Whatever your income level, you can almost always lower your income
taxes through charitable giving. As you consider your year-end tax
planning, we hope that you will consider taking advantage of the income
tax charitable deduction. You can be sure your gifts have maximum impact
by taking time now to consider what to give, as well as how and when.
Giving, however, is much more than tax deductions. Your gifts to Barton
enable you to give back to the institution that provided you with the
foundation for you professional success. At the same time, you're
helping lay the foundation for current students, giving them the
opportunity to fulfill all their future dreams.
