Why Is Now the Time to Give?
Timing Is EverythingAll gifts must be fully completed on or before Dec. 31 to qualify for an income tax deduction this year.
- Cash contributions sent through the mail are usually deductible if they are mailed by midnight on Dec. 31.
- Securities are generally deductible on the date they are transferred (if done electronically) to our books—not the date you ask your broker to make the transfer.
- Life insurance gifts are considered complete on the date you sign the paperwork transferring ownership to Gustavus Adolphus College, assuming you properly forward the form on to the insurance company.
- Real estate gifts, in most states, are considered complete on the date a properly executed deed is delivered to us.
We Can HelpContact Laurie L. Dietrich '80 at 507-933-6043 or firstname.lastname@example.org to learn how you can get the most from your donation to Gustavus Adolphus College this year.
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