Giving Season is Upon Us!
One of the most important times of the year for non-profit entities is the end of the calendar year. According to the Association of Fundraising Professionals, nearly half of charitable gifts occur during the last three months of the year, and 40 percent of online gifts occur in December. By making a year-end gift, individuals and businesses can not only feel good about helping others, but also enjoy additional tax advantages created through charitable contributions.
At Kentucky Wesleyan, we are fortunate to have a large group of alumni and friends who support the College generously on an annual basis. Since 2014, enrollment is up and over $14 million has been raised to benefit our Wesleyan Scholarship Fund and other institutional programming.
Here are three ways to maximize your year-end giving:
- Did you know 98 percent of Wesleyan students receive financial aid directly from our Wesleyan Scholarship Fund? Consider an online gift at kwc.edu/give. Gifts sent by mail must be postmarked by 12/31/19 to receive 2019 tax credit:
Office of Advancement
Kentucky Wesleyan College
3000 Frederica Street
Owensboro, KY 42301
2. If you are age 70 ½ or older, the IRS requires you to take a minimum distribution from your IRA. Consider designating these funds to your favorite charity via a Qualified Charitable Distribution (QCD) to avoid paying taxes on the income.
3. Consider a gift of appreciated stock, rather than cash, and save on capital gains taxes.
For more information, contact our Office of Advancement at (270) 852-3142. While campus offices will be closed Dec. 21-Jan. 1, we will be processing gifts during the break in order to help you enjoy tax advantages and support Kentucky Wesleyan College.