Additional Gifts

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Gift of Securities.

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 Rollovers.

The American Taxpayer Relief Act of 2012 extended the IRA rollover provisions through 2013. Congress has yet to renew these provisions for 2014, although there is still the possibility that Congress will extend or even make permanent the rollover provisions which allow you, if you are age 70½ or older, to give an outright distribution directly to Geneva.

Gifts can only be made...

  • If you are 70½ or older at the time of the gift,
  • If the transfer is made directly from your IRA account by the IRA administrator to Geneva
  • If you don′t exceed the $100,000 limit.

This gift is a smart move...

  • If you don′t need the required minimal distribution for living expenses and you are thinking about giving to Geneva anyway
  • If you make large donations and your charitable deduction is limited due to AGI limitations
  • If you don′t itemize on your returns because you claim the standard deduction or
  • If you live in a state where charitable deductions are not allowed for state tax purposes Here is a sample rollover authorization letter. Individual situations vary.

Although an IRA gift during your lifetime can be advantageous, donors should consult their financial, tax and/or legal advisors prior to making any decision.

To discuss the ways you can support Geneva′s ongoing mission, please contact Geneva′s Planned Giving Officer
at or 724-847-6614.