Capital gains tax can be avoided and you can receive a tax-deduction for the full market value of the stock at the time of the gift. Please consult with professional advisors and the Foundation staff before making such gifts. The Foundation must consider insurance, maintenance, property tax liability, environmental and other potential risk factors. Tangible gifts such as books, artwork, antiques, and equipment related to West Georgia's purpose can be contributed to the Foundation. The IRS requires that the donor assume responsibility for valuing property for tax-deduction purposes.
Many businesses offer matching gift programs to their employees.
If you or your spouse work for a matching gift company, please obtain the company's matching gift form from the Human Resources Department. A matching gift can double or even triple your gift amount and qualify you into a higher giving club level. A bequest is an excellent gift option if you are unable to make a current gift, but would like to contribute to West Georgia in a meaningful way. A charitable bequest to the Foundation may be expressed in terms of a specific dollar amount, or as the assets remaining after provisions are made for other beneficiaries of the will. Any amounts bequeathed to the Foundation qualify for the estate tax charitable deduction.