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Ways You Can Give to Wheeling Jesuit University
Cash contributions may be made by check, money order or credit card (Visa, Master Card, Discover, American Express) through one gift or installments. Gifts may be doubled or tripled through matching gift plans with employers. Please ask us to find out if your employer matches your gift. Gifts of Securities This can be extremely advantageous. Appreciated stocks, bonds, closely-held stock in family businesses, or other property may be given to WJU. The value of the gift is determined by the average market value of the stock on the date the gift is transferred to WJU. For further details contact your broker and a member of the WJU Advancement Staff. Property WJU accepts gifts of art, jewelry, antiques, rare books, manuscripts and similar property. Should you choose this type of gift, you will need to secure an independent appraisal of the value for tax purposes. Gifts of Real Estate Real estate may provide a convenient way to support the University. You may contribute real estate as an outright or deferred gift. For example, a donor can make a gift of a home or farm while retaining life tenancy. Contact a member of the Advancement Staff for further information. Planned Giving Bequests Bequests are the most common form of planned giving. With a bequest, you make provisions for Wheeling Jesuit in your will, designating either a dollar amount or percentage of your estate to the University. Whatever the amount, bequests to WJU are free from federal estate tax and the estate and inheritance taxes of most states. Bequests should be drawn and executed with your attorney's advice. Gifts of Life Insurance You may assign WJU as a beneficiary or co-beneficiary of your life insurance policy. When WJU is named as the owner of the policy and/or the irrevocable beneficiary, the cash value of the policy may be deducted on your income tax return. Premiums paid thereafter also are income tax deductible. Charitable Remainder Trust You may prefer to make a deferred gift through a Charitable Remainder Trust. This trust provides an immediate income tax deduction for the value of the remainder interest in the trust based on Internal Revenue Service life expectancy tables, your age and rate of return at that time. Testamentary Trust or Annuity A Testamentary Charitable Trust or Annuity may be set up to provide life income to a survivor, with the principal going to Wheeling Jesuit University upon the survivor's death. Any charitable deduction for estate taxes will be subject to the same limitations that are applicable to Charitable Remainder Trusts. Appreciated Securities The IRS still allows a significant tax break for individuals considering a charitable gift: Donors may deduct the full, fair market value of appreciated assets given to WJU, with no recognition of capital gains. That means that donors can leverage a large donation and charitable deduction using an asset with a small cost basis. |
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