Office of Development and College Relations » Ways of Giving » Outright Gifts

Outright gifts generate the most immediate return from your partnership with NC State. These gifts can provide current support, establish an endowment, or underwrite a capital project for the College and its programs. Outright gifts also qualify for the greatest tax benefit and savings, which significantly reduce the actual cost to you of making a gift. This type of gift often offers unique opportunities to you to interact with the students and faculty who benefit from your gift.

Types of Outright Gifts:

Cash gifts are the easiest gifts to value for tax purposes and may be transfered by check to the NCSU Physical and Mathematical Sciences.

Securities, including stocks and bonds, which have been owned for more than one year, entitle the donor to compute the income tax deduction using the market value of the securities on the date of gift. Because the deduction is based on the asset's current value rather than the donor's actual cost of acquiring the securities, a gift of appreciated securities allows a donor to make a substantial gift with minimal out-of-pocket cost. The method for transferring securities to benefit the College differs depending on how your securities are held. College development professionals can help you determine the easiest and most efficient method for making your gift of securities.

Matching gifts can be generated by gifts of cash or securities. Many corporations have demonstrated their support for education by matching or multiplying their employees' gifts to NC State. When you make a gift to the College, ask whether your employer participates in such a program. Your employer's generosity will allow you to significantly increase the size of your gift.

Real Estate gifts entitle the donor to the same tax benefits as gifts of cash or securities, provided the real estate has been owned for more than one year and there are no debts payable on the property. Gifts of real estate also can generate substantial estate tax savings by removing a typically high-value asset from the donor's estate, which reduces the estate taxes that may eventually be payable on the estate.

Personal Property gifts such as art objects, jewelry, rare books or collections generally can be deducted at the asset's current market value, provided the property has been owned for more than one year and can be used by a college or program at NC State. Although NC State may keep these objects for its own use, in some instances it sells them to help fulfill its educational mission.

 

For more information, please contact the PAMS Office of College Advancement, at 919-515-3462 or by e-mail.