Ways of Giving
Cash Gifts
- Tax deductible if donor itemizes deductions
- Up to 50 percent of adjusted gross income may be deducted in any one year
- Actual savings depend on tax rate
- The higher the tax rate, the greater the savings
Pledges
- Payable over a three-to five-year period
- Deductible in the year a payment is made
Real Estate
- Possible for donor to make a gift of residence, farm, or vacation home, reserving the right of occupancy as long as donor and spouse live
- Irrevocable gift qualifies for immediate tax deduction based on present value of remainder interest
Securities
- Assign directly to PJC or, preferably, transfer through broker
- Amount of contribution is fair market value on the date of transfer
Closely Held Stock
- Produces a current tax deduction equal to fair market value of the stock
- Corporation may redeem shares of the stock from PJC
- Could reduce liability for accumulated earnings tax
For more information, contact the Foundation by phone at 850-484-1560 or by email at foundation@pjc.edu.