College of Mount Saint Vincent Annual Report 2020

Page 47

OPPORTUNITIES FOR GIVING Generations of donors contribute annually to keep the College of Mount Saint Vincent strong, and their dedicated support allows the Mount to continue its mission for future students as well. There are many opportunities for giving to the College and gifts can take several forms. Most contributions also provide the donor with an income tax deduction for the year of the gift. Please carefully consider the many options available for your future giving. ANNUAL FUND An Annual Fund gift is an opportunity to provide an unrestricted contribution to the Mount. The Annual Fund supports all areas of the College including financial aid, faculty development, buildings and grounds maintenance, student activities, and upgraded technology programs. CAPITAL GIFTS Capital gifts are designated by the donor to fund the College’s capital needs, such as construction and renovation projects.

SCHOLARSHIPS Scholarships give talented and deserving students the opportunity to afford a Mount education. Gifts can be made to a general scholarship fund or to the Scholarship Tribute Dinner to benefit all scholarships. An endowed scholarship can be named and will support future generations of students.

For more information about giving to the College of Mount Saint Vincent, please contact the Office of Institutional Advancement at (718) 405-3237 or institutionaladvancement@mountsaintvincent.edu.

WAYS TO GIVE CASH Gifts of cash immediately benefit the College. Checks, cash, and contributions made through a donor’s Mastercard, Visa, Discover, or American Express credit or debit card are gratefully accepted. SECURITIES Like cash contributions, a gift of securities entitles the donor to an income tax deduction in the year it is given. The most convenient way to give a gift of securities is to arrange a transfer by a broker to the College’s account. To make a gift of securities, contact the College’s broker: The Lerner Group Merrill Lynch, Pierce, Fenner & Smith Inc 225 Liberty Street | 39th Floor | New York, NY 10281 (212) 236-5583 CORPORATE MATCHING GIFTS Many businesses have matching gift programs, which can double or even triple a gift to the College. They are easy to arrange and are of no cost to the donor. Please contact your employer’s human resources office for more information about matching gifts.

PLANNED GIFTS Planned gifts are popular and creative ways to support the Mount and can allow you to receive significant financial benefits during your lifetime. BEQUESTS You may include the Mount in your will by designating a specific dollar amount or a percentage of your estate to the College. PLEASE REMEMBER: • Any gift can be made in honor or in memory of someone special. • In order to receive a charitable income tax deduction for this calendar year, gifts must be postmarked by December 31. All credit card gifts must be processed by December 31 as well. • The IRA charitable rollover allows taxpayers age 70 ½ or older to make tax-free charitable gifts of up to $100,000 per year directly from their Individual Retirement Accounts to eligible charities, including colleges, universities, and independent schools. To make a gift via the IRA Charitable Rollover, please contact your IRA plan administrator. • Gifts can be made online at mountsaintvincent.edu/giving

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