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Ways to Give
Your financial support to Davis & Elkins College makes it possible for the College to make a Davis & Elkins education affordable for students, and to enrich that education through support of academic programs, extracurricular programs, and facilities improvements. 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
A common "hidden asset" for giving is the life insurance policy that is no longer needed for its original purpose. To make a life insurance gift, ask the insurance company for forms that will change the beneficiary and ownership designations, and send the College a copy of the policy.
Gifts of 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.
Gifts of 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 traditional 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 include a gift provision in a will, simply have your attorney use the language, "to Davis & Elkins College for [the purpose you choose]."
For Information
For general information on ways to give, please contact Karen Wilmoth, Director of Advancement Operations and Stewardship at (304) 637-1374 or wilmothk@davisandelkins.edu
For questions about Online Giving or information on the Annual Fund and how you can assist the College with its on-going needs, please contact Rachel Montgomery, Director of Alumni Relations and Annual Giving at (304) 637-1351 or rehm@davisandelkins.edu
If you would like to discuss making a non-cash gift, a life income gift, or a bequest, please contact Patricia Schumann, Vice President for College Advancement at (304) 637-1340 or pshuman@davisandelkins.edu
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For Information
General giving information
For general information on ways to give, please contact Karen Wilmoth, Director of Advancement Operations and Stewardship at (304) 637-1374 or wilmothk@davisandelkins.edu
Online Giving & Annual Fund
For information on the Annual Fund and how you can assist the College with its on-going needs, please contact Rachel Montgomery, Director of Alumni Relations and Annual Giving at 304- 637-1351 or rehm@davisandelkins.edu
Non-cash, life income or bequests
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 pshuman@davisandelkins.edu
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