How to Give

Cash Gifts, now or pledged over time

Cash gifts are the simplest way to give and are deductible up to 50 percent of your adjusted gross income for the taxable year. If a portion of the gift exceeds the 50 percent, it may be carried forward for up to five additional years.


Appreciated or Depreciated Securities

If you have appreciated stock held for more than one year, you can not only avoid capital gains taxes on the gift amount but also receive a tax deduction for the full fair-market value of the gift.

If you have an investment that has decreased in value since its purchase, you may want to sell it and make a charitable gift of all or a portion of the cash proceeds. Not only would you be able to receive a tax deduction for the cash contribution, but you may be able to deduct the loss from other taxable income.


Bonds, Mutual Funds

Similar to stocks in their tax treatment, if you have held bonds or mutual funds for more than one year, a tax deduction for the full value of the gift may be possible. Corporate, state, municipal and U.S. government bonds are examples of great sources of gifts.


Life Insurance Gifts

You may consider giving a life insurance policy to Phi Theta Kappa. For the gift of a paid policy, you will receive an income tax deduction equal to the lesser of the cash value of the policy or the total premiums paid. The Foundation must be named as owner and beneficiary to qualify for the federal charitable contribution deduction on a gift of an existing policy.


Real Estate Gifts

Gifts of real estate may include a home, a vacation home, land or a farm. In most cases, if your property is fully paid off and has appreciated in value, you can deduct the fair market value of your gift and avoid all capital gains taxes. You can transfer the deed to the Foundation now and retain the right to live there for the remainder of your life, your spouse's life or other survivor and receive an immediate income tax deduction for the gift.


Matching Gifts

You or your spouse may work for a company that has a corporate matching gifts program. Taking advantage of this wonderful gift giving option may allow you to double or even triple the impact of your gift. Ask the personnel benefits office at the company for information about the program and a form to complete.


Note: We recommend that individuals consult with their own tax or legal advisors prior to making a gift.