Western Kentucky University

Legacy of Spirit – Office of Gift Planning



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Consider a Year-End Gift to WKU

“I know my support is needed now, more than ever, to continue the high standards of learning at WKU.   I want to help – but these days I must be especially watchful of my financial security.”  – Mrs. F.

Many alumni and other friends share that view, and we fully understand their feelings.  Thankfully, there are special gift techniques that work well in times of economic challenge.  Indeed, the assistance you provide will usually be much greater than the cost of the gift to you.  Your support does make a difference in the lives of our students, and it is in that spirit that we offer the following ideas for year-end giving.

Every dollar you give before January 1, 2015, will be deductible up to 50% of your adjusted gross income, if you itemize your deductions.  Any excess deductions can be carried over and deducted for up to five years.  A $1,000 contribution saves $250 for a person in the 25% tax bracket, $350 for someone in the 35% bracket.

Tax savings are not the reason people give to WKU, of course, but they do enable our benefactors to do more than they might have thought possible.  Mrs. F, for example, could write a check for $1,000 knowing that her $1,000 deduction would reduce her taxes by $330 in her 33% tax bracket.  Her important gift costs only $670, with the tax collector supplying the other $330.

Gifts of marketable securities that you have owned more than one year can be deducted at their current value – not just what you paid originally.  You also might consider a charitable gift annuity or charitable trust that pays you, or others you select, an income for life.  Please call us for details on these very special gifts.