Find Tax Facts
Deductibility
Stevens qualifies as a "public" charitable organization and meets the requirements of Internal Revenue Code Section 501(c)(3). Gifts to Stevens are deductible at the highest limits allowed for federal income or estate tax purposes.
Estate Tax Deductions
Testamentary gifts are deductible at 100 percent of the value of the assets donated to Stevens.
Income Tax Deductions
You may deduct gifts of cash, or elect to deduct only the cost basis of appreciated assets, to a value of up to 50 percent of your adjusted gross income during a single tax year. (In other cases, gifts of appreciated capital assets may normally be deducted only up to 30 percent of your adjusted gross income.) Excess deductions may be carried over for up to five additional years.
Tax Benefits
The tax benefits associated with specific types of gifts are detailed on our planning giving web site. Simply click upon the type of gift you are interested in making:
Life Insurance and Retirement Accounts
IRS.gov
Helpful forms and publications can also be found and downloaded on the official IRS website.
As always, you may contact our staff anytime with specific questions about giving. We can provide you with detailed gift illustrations tailored to your individual situation.
Contact Information
For answers to your estate and gift planning questions, please contact Michael Governor, Director of Planned Giving, at (201) 216-8967 or michael.governor@stevens.edu.
