Outright Gifts
Each year, CSU alumni, parents, and friends provide the CSU with much
needed financial assistance through outright gifts of cash, securities,
or other property. Outright gifts have an immediate impact and are used
to support the current needs of our schools and colleges.
It is recommended that you consult with an attorney or tax professional
regarding tax benefits. Below is general information about how you
may maximize your giving potential.
Gifts of Cash
Gifts of cash are the easiest and most direct way to give to a CSU university.
These gifts can be in the form of checks or credit card payments.
Generally, you may deduct up to 50 percent of your annual adjusted gross
income for cash gifts. Any deduction in excess of that you can carry over
and use as a deduction within the next five years.
Gifts of Securities
A gift of stock, mutual funds or bonds is a popular alternative to a cash
gift because it may actually save taxes twice. Generally, donors receive
an income tax deduction for the full fair market value of securities and
avoid capital gains tax on the appreciation. For example, suppose you purchased
a stock ten years ago at $10,000 and its current value is $25,000. If you
sell the stock, you could lose about one-third the value in capital gains
tax. If you donate the stock to a CSU, the full $25,000 may be deducted
from your taxes as a charitable gift.
You may claim an income tax charitable deduction of up to 30 percent of
your adjusted gross income for a gift of securities held for more than one
year. As with gifts of cash, any deduction you cannot use in the year of
your gift may be carried over and used as a deduction for up to five additional
years.
Gifts of Personal Property
Perhaps you have a cherished collection of art, rare books, stamps, antiques
or manuscripts. Individuals who have enjoyed such treasures during their
lifetime often hope that others will learn from and appreciate them well
into the future. The CSU welcomes property that can be used for teaching
purposes or sold for the benefit of the University.
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 the CSU. The CSU carefully evaluates
each potential gift to ensure that it will enhance the University's mission.
Marketability of the property is usually a key consideration.
A personal residence, farm, vacation home, or other real estate may be
given to the CSU. Making an outright gift of appreciated real property
you have held for more than one year results in an immediate income tax
charitable deduction for up to 30 percent of your adjusted gross income.
Any excess deduction that you cannot use in the year of the gift may be
carried over and used as a deduciton for up to five additional years.
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