As you review your portfolio, you might consider a gift of long-term appreciated securities (stocks, bonds, mutual fund shares). Securities held longer than one year are tax deductible at full fair-market value up to 30% of your adjusted gross income (with 5 year carry forward provisions for any unused deduction). You can avoid capital gains on the appreciation so long as you gift the securities directly to Geneva College, and not just the proceeds from their sale. Click here for the instructions on how to transfer securities to Geneva. You will want to follow the procedures carefully.
IRA rollover gifts bless Geneva College and help make a difference in the lives of Geneva students by supporting academic excellence, student and campus development, and scholarships. For more information see IRA Rollovers in our Retirement Plans section.