Donors are more frequently using credit cards to make their gift. Artwork, antiques, books, and any other form of property can be important donations to the university, which has a great need for a wide variety of items. Paintings, sculptures, and antiques beautify the campus and enhance students' artistic appreciation. Books and manuscripts add to the university libraries' collections. Musical instruments support our various musical programs.
Equipment provides laboratories with the needed resources for students to test their knowledge.
If the property is used for the university's educational mission, the donor can deduct the property's full fair market value, provided the donor has owned the property for more than a year. Otherwise, the donor can still deduct the property's cost basis, an amount which usually equals the price the donor paid for the property. Securities Gifts of securities, such as stocks, bonds and mutual funds, can be a tax-wise way to support Virginia Tech . They can be donated without paying any captial gains taxes. Gifts of privately held stock are also possible, although they are more complex and require more time to complete.