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Ways to Give

Your financial support makes it possible for Davis & Elkins College to offer a quality, personalized education, and to make that education affordable for students. There are many ways to make a gift to D&E. Choose the way that best fits your personal circumstances and preferences.

Gifts of Cash

Cash gifts are the most common form of giving and are as easy as writing a check or arranging for a credit card payment or electronic funds transfer through the College's secure online site. Clearly, cash gifts have many advantages, one of which is that they are immediately available to fill current and on-going needs such as library acquisitions, student scholarships, program support, maintenance, or capital projects.

Matching Gifts

If you or your spouse is employed by a company that has a matching gift program, your gift to the College may be doubled or possibly tripled. Check with your human resource department regarding its matching gift program to obtain the matching gift form which you can forward to the College.

Gifts of Appreciated Securities

If you have marketable securities such as stocks or bonds that have grown substantially in value, the tax laws make it possible for you to make an important gift at remarkably low after-tax cost. It's easy to make a gift of securities whether the securities are held in a brokerage account or in your possession. Simply contact your broker or the College if you would like information on how to transfer these assets.

Life Insurance Gifts

If you have marketable securities such as stocks or bonds that have grown substantially in value, the tax laws make it possible for you to make an important gift at remarkably low after-tax cost. It's easy to make a gift of securities whether the securities are held in a brokerage account or in your possession. Simply contact your broker or the College if you would like information on how to transfer these assets.

Real Estate

The tax benefits available for gifts of appreciated real estate are virtually identical to those for gifts of appreciated securities. Gifts of property may be transferred by deed with no liability for income or estate taxes on the appreciation. Contact the College to discuss a potential gift of real estate.

Personal Property and Other Assets

Antiques, paintings, collectibles, even patents and copyrights can be valuable assets for giving. Please check with the College on the feasibility and tax results of gifts of unusual items as some restrictions apply to gift items that are not related to the College’s mission.

Life Income Gifts

There is a special category of gifts known variously as "planned" gifts, "deferred" gifts, or "life income" gifts. These gifts allow you to fulfill your philanthropic goals and can provide you not only with an immediate income tax deduction, but also may afford other benefits such as life income and avoidance of capital gains tax. Examples include charitable gift annuities, charitable remainder trusts, and charitable annuity trusts. Contact the College or your financial advisor for further information on life income vehicles.

Retirement Plans

Many retirement plans such as IRAs and 401(k)s can be subject to extensive "death taxes," often as much as 70%, leaving little for your heirs. Consider making the College the beneficiary of your retirement account. There are a few different options in planning a gift with a retirement account, and IRS distribution rules make the charitable designations both simple and attractive. Usually the charity is named as beneficiary directly on the retirement account (as on a life insurance policy) and it does not need to pass through as part of the estate.

Donors who are 70 ½ years old may also make cash gifts directly from their IRAs. These gifts count toward their required annual draw and are not subject to income tax.

Bequests

Making a gift by Will or Bequest is the most popular way to provide significant help for the College and provide primarily gift and estate tax savings. If you wish to retain full control of your assets for your lifetime, you may wish to consider making your ultimate gift to Davis & Elkins College through your will.

To make a gift in a will, the following language may be used:  “I give, devise and bequeath to Davis & Elkins College (tax ID # 55-035-7021), a non-profit, charitable institution in Elkins, West Virginia….

1. the sum of $ _______________; or,
2. ___________ percent of my estate; or,
3. All the rest, remainder and residue of my estate, including property over which I shall have power of appointment at my passing, after all debts, taxes, expenses, and other bequests have been satisfied…..

1. to foster and promote the growth, progress and general welfare of Davis & Elkins College.
2. to establish a permanent endowment fund to be known as the “________________________Fund”, to benefit Davis & Elkins College, the income from which will be used to ________ (purpose)_______, as permitted by law; or, provide scholarships for students according to the following guidelines:

If you would like to discuss making a non-cash gift, a life income gift, or a bequest, please contact Pat Schumann, Vice President for College Advancement at 304-637-1340 or Email Patricia Schumann.

For general information on ways to give, please contact Karen Wilmoth, Director of Advancement Services & Stewardship, at 304-637-1374 or Email Karen Wilmoth.

For Information

For general information on ways to give and how your gift to The D&E Fund can assist D&E with on-going needs, please contact Karen Wilmoth, Director of Advancement Operations and Stewardship at (304) 637-1374 or Email Karen Wilmoth

Non-cash, life income or bequests