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Campaign supporters can contribute to Pace University in many ways, each offering tax advantages.
Gifts of Cash: An outright gift of cash by a donor, for which the donor receives an income tax reduction as prescribed by current law. Pledging a gift over a period of up to five years may allow a donor to make a more substantial gift, while affording one the opportunity to adjust the timing and amount of each payment to achieve the most beneficial tax benefit and/or needs of the donor.
Gifts of Securities: A gift of stock or bonds that are readily marketable. A donor who assigns appreciated securities held for at least one year to Pace University may deduct the fair market value of the gift from declared adjusted gross income and avoid any capital gains taxes.
Gifts of Real Estate: Property may be donated outright once approved by the University president and executive vice president for finance and administration. An immediate tax deduction is available and capital gains taxes may be avoided.
Gifts of Other Assets/Planned Gifts: A gift of artwork or other property is an alternative way to participate in the Campaign. In addition, donors may enhance a current gift or create a legacy through their estate (will or trust), by donating the proceeds of a life insurance policy or retirement plan, or by making a gift that provides an income stream to the donor for life. More information is available at www.pace.edu/plannedgiving.
All gifts are tax deductible to the extent provided by law. This publication provides general information only. For legal and tax advice please contact your attorney, accountant, or financial adviser. |
