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!
Make sure your gift is dated and postmarked no later than December 31, 2012. 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, 2012. 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.
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 for gifts made from December 20 – January 14 will reflect the processing date of the gift, not necessarily the date the gift was made. Gifts by check or money order may be:
420 West Main Street
Danville, VA 24541
By 12:00 noon on Friday, December 21
Institutional Advancement Offices
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 2012 charitable income tax deduction, credit card gifts must be processed against your account in 2012.
Gifts of Stock:
Averett University has accounts with several brokerage firms. To transfer stock in the 2012 tax year, please provide your broker with the contact information for one of the following firms.
Contact: Charles Abercrombie
Contact: Seward Anderson
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
Averett University will be closed from Monday, December 24 – Tuesday, January 1. The institutional advancement offices will be open during the holiday season with limited hours.
The institutional advancement offices (Alumni Hall) will be open:
Thursday, December 27 – 9:00am – 12:00pm;
Friday, December 28 – 9:00am – 12:00pm; Monday, December 31 – 9:00am – 12:00pm