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Outright Gift Options
Gifts of Cash
Gifts of cash are the easiest and most direct way to give to Penn State Altoona and are fully deductible for federal income tax purposes. A gift of cash might even be made through your will for these or other purposes, in which case your estate would benefit from estate tax savings.
Gifts of Securities
A gift of appreciated securities is a popular alternative to a cash gift because it actually saves taxes twice. You not only receive an income tax deduction for the full fair market value of your securities if you've held the securities for more than one year, but you also avoid capital gain tax on the appreciation. And if appreciated securities are used to make a bequest to Penn State Altoona, or to fund a charitable trust, gift annuity, pooled income fund, or other planned-giving arrangement, you may realize substantial estate and gift tax benefits as well.
Gifts of Personal Property
A gift of personal property, such as a collection of art, rare books, stamps, antiques, or manuscripts, made during your lifetime entitles you to an income tax deduction and reduces taxes on your estate. If the gift is made through your will, your estate will benefit from estate tax savings. Penn State Altoona's Development staff will be pleased to discuss tax issues and other specific details related to gifts of personal property.
Gifts of Real Estate
As with other appreciated property, a gift of real estate can unlock the full value of your property and offer you specific economic advantages, while providing lasting benefits to Penn State Altoona. Because of the special considerations involved with gifts of real estate, we invite you to contact us for a consultation prior to finalizing your plans.
Bargain Sale Gifts
A bargain sale involves selling property to Penn State Altoona for less than its fair market value. The difference between the property's fair market value and the purchase price paid by the University is considered a gift for which you are entitled to claim a charitable income tax deduction. The amount paid to you by Penn State Altoona is the sale portion. Because you receive both sale proceeds and an income tax deduction, you may enjoy benefits similar to those you would have received from a sale of the property at fair market value.
Gifts of Closely Held Stock
Individuals who own closely held stock may take advantage of special gift opportunities. These gift plans are designed and evaluated individually with each benefactor, appropriate advisers, and the University. Special legal issues and the marketability of the stock are important factors in the evaluation.
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