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 Limestone College.
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.
Limestone College accepts MasterCard, Visa, and Discover. If you are interested in making a gift using one of these major credit cards, please contact the Office of Institutional Advancement at 800-975-7151 x4607.
Establishing an scholarship endowment at Limestone College is a wonderful way to make a gift that will live in perpetuity at the College. Once a scholarship endowment is established, the principal is never deducted. Only a percentage of the interest earned yearly is used while the remaining interest goes back to the principal, enabling the money to continue growing. Limestone College provides a wide variety of scholarship endowment opportunities.
A donor may establish an endowed scholarship with a minimum gift of $20,000, an annually funded scholarship with a minimum gift of $500, and an annual award with a minimum gift of $100.
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.
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 real estate 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.
Planned giving is part of a larger estate planning process designed to ensure that your loved ones and the causes you care about are provided for. A planned gift is simply a charitable gift, funded either during your lifetime or after, which enables you to dictate how certain assets are distributed.
Planned giving offers:
- The satisfaction of making a difference. You can be honored during your lifetime for what you’ve done for the future of the College. Click Here to see a list of our Curtis Society members.
- Substantial tax advantages. The total income, estate, and capital gains tax savings and the probate expense savings can come close to the amount transferred. And, depending on the arrangement of your gift, you can receive income for life.
- Removal of property from probate, thus reducing or eliminating probate expenses.
Professional management of your donated assets.
- Preservation of your capital. You can provide income for an unreliable or incompetent family member while making a charitable gift.
- The comfort of knowing your gift will be used exactly as you wish.
Your Planned Giving Options
You can leave a specific gift or percentage of your total estate in your will to Limestone and specify the purposes you want these monies to serve. Your generosity enables you to leave a legacy, to help future Limestone students, and to improve the quality of our institution.