Your gift is an investment in the stability of Talladega College. When you give to Talladega, you allow one of the best liberal arts colleges in the South to sustain itself and continue to provide students with an excellent education in an enriching and intellectually stimulating environment.
There are many ways to give to Talladega College and the Office of Development will proudly assist you in completing your investment.
Here are a few suggestions for investing in the Talladega legacy and future.
If you have any questions or would like to give,
Email Our Office or call us at
256-761-8832.
Contribute Tax-Free from Your IRA
The IRA rollover provision signed into law August 17, 2006, allows tax-free distributions from traditional IRAs to educational institutions. In summary the following restrictions apply:
- Donors must be 70.5 years of age
- Gifts up to $100,000 per year receive tax benefits
- All donations must be outright gifts
To learn more about how this new law can benefit you and Talladega College, contact the Office of Development today!
Cash gifts
Checks, Money Orders, Bank Transfers, or Credit Card Payments are the most popular method of making a charitable gift. Your gift will be posted and considered a gift to Talladega College on the date it is delivered, received via mail (postmarked on the envelope), express services or any other recognizable method of delivering a donation to the College. A contribution using a credit card will be recognized when the charge is made (See the appropriate section of this website to make a donation via credit card online) These gifts are fully tax deductible as allowable by law.
Matching Gifts
Thousands of corporations and businesses participate in programs to match employee gifts, either in whole or in part. This is an excellent method of giving and increasing the giving opportunities to Talladega College. In some cases, gifts from spouses, directors, and retired employees are matched. Talladega College urges you to explore the opportunity offered by your employer. Additional information and a link to appropriate corporations are offered on this web-site. This method of giving is tax deducible as allowable by law.
Gifts of Appreciated Assets
Contribution of long-term appreciated assets entitles you to a charitable contribution deduction equal to the fair market value of the assets, such as securities, at the time of the gift. In addition, you avoid capital gains tax on any appreciation of those securities. Gifts of appreciated assets are fully tax deductible up to the percentages allowable by law.
When making a gift of long-term appreciated assets, you save twice -- on income tax and on capital gains tax. You receive a charitable deduction for the full fair market value of the gift and you save the capital gains tax that would otherwise be due if you sold the appreciated asset.
Please consult your financial advisor or the Talladega College Office of Institutional Advancement.
Gift of Securities
Securities are considered a gift to Talladega College on the date the certificate and stock power pass unconditionally from your control (the postmark date if mailed or the date on which Talladega College receives an overnight delivery package ) or the date the securities are transferred directly to Talladega College’s brokerage account. To value the securities, a mean price is calculated using the average of the high and low of the security on the day you relinquish control to Talladega College, as per IRS guidelines.
Gifts of Closely Held Stock
Gifts of closely held stock exceeding $10,000 in value must have a fair market value placed on them by a qualified independent appraiser as required by the IRS for valuing gifts of non publicly traded stock. An independent CPA who maintains the books for aclosely held corporation is deemed to be qualified to provide a value for the stock of the corporation. Gifts of $10,000 or less may be valued at the per-share cash purchase price of the most recent transaction.
Gifts of Real Property
Real property may be donated to Talladega College, either as a bequest or more commonly, by a lifetime transfer, and realize significant tax benefits. Talladega College will review gifts of property on a case-by-case basis. Gifts of real property may consist of almost any type of property such as personal or recreational residence, a farm or ranch, a commercial building, subdivision lots or any undeveloped parcel of land. The gift may be for all of your interest in the property or an undivided fractional interest.
Individual charitable goals and financial needs determine which of the following methods of giving real property is most appropriate for your situation.
Outright Gift
Property my be transferred to Talladega College and it is subsequently sold unless there is a special reason for holding the particular parcel of real property.
Life Income Gift
Real property may be transferred to a trust where it is sold by the trustee. The income is paid to you and/or other named beneficiaries. The income paid to the beneficiaries for life depends on the net proceeds realized on the sale of the real property in combination with a previously agreed upon rate of return. At the death of the last of the life beneficiaries, the assets of the trust pass to the University.
Life Tenancy Gift
In limited situations, ownership of the real property may be transferred to Talladega College but you may retain the right to live on the property for your lifetime. You receive an income tax charitable contribution deduction for the present value of the remainder interest of the gift. Upon the death of the "life tenant," the property may be sold or used by Talladega College.
Gifts of Personal Property
Talladega College’s archives are enriched by gifts of personal property such as rare books, manuscripts, paintings, artifacts and other art objects. Our classrooms and research capabilities are also enriched by contributions of computer hardware and software. Making a gift using personal property provides a double benefit, a charitable deduction plus avoidance of any potential capital-gain tax. The amount of the deduction depends on the use of the property by Talladega College.
If you have any questions, please contact:
The Office of Institutional Advancement
Talladega College, 627 Battle Street West
Talladega, AL 35160
Telephone: 256-761-8832
Email:
OIA@talladega.edu
