Year End Giving Tips

Remember only gifts made by December 31 can help reduce the amount of taxes you owe next April.   Please keep the following in mind and consult your tax advisor for specific details. Thank you for your support and have a safe and happy holiday season!

General tips:

Make sure your gift is dated and postmarked no later than December 31, 2011. While you should consult a CPA or tax preparer to determine the tax consequences of your donation, the date you deliver or mail your donation is generally recognized as the gift date for tax purposes.

Give online no later than 11:59 p.m. (EST) on December 31, 2010. We accept Visa, MasterCard, American Express, Discover and Electronic Fund Transfer directly from your checking account.   Gifts can be made at www.averett.edu/give.

Checks:

The date you deliver or mail (post mark) your donation is generally recognized as the gift date for tax purposes. Please note the date on the actual check or money order is not recognized by the IRS as proof of your intent to give on a particular date. Gift receipts from the University reflect the processing date of the gift, not necessarily the date the gift was made.   Gifts by check or money order may be:

Mailed to:
Institutional Advancement
Averett University
420 West Main Street
Danville, VA   24541

Hand-delivered:
Averett University
Institutional Advancement Office
Alumni Hall

**Please note the limited holiday hours

Credit Cards:

The date your account is debited is considered the date of the donation. 

Credit card gifts may also made online at www.averett.edu/give.

In order to receive a 2011 charitable income tax deduction, credit card gifts must be processed against your account in 2011. 

Gifts of Stock:

Averett University has accounts with several brokerage firms.   To transfer stock in the 2011 tax year, please provide your broker with the contact information for one of the following firms.

In addition, you may wish to contact us before the transfer to notify us of the pending gift and to discuss use of the funds.   Please contact:

Buddy Rawley:   434-791-5654

or

Joey Wilkerson:   434-791-7112