Outright Giving
Providing the University with an outright contribution can enhance the learning environment at Eastern by bringing special speakers to the campus, purchasing state-of-the-art equipment for labs and classrooms, enriching a specific aspect of the curriculum, or improving facilities to enhance the learning environment. Outright gifts provide an immediate tax deduction and instant gratification from the knowledge that you are making a difference for the University and its students.
Cash — Cash, check and credit card gifts offer a simple and convenient way to support Eastern. Cash gifts are considered transferred on the date they are hand-delivered, electronically verified or postmarked.
Securities — Income tax deductions are available for the fair market value of donated stocks, bonds or mutual funds rather than on their cost basis. Giving securities that have grown in value bypasses the capital gains tax that would be due if you simply sold the security. Selling securities that have diminished in value and then gifting the proceeds to EKU, allows you to take the loss on your taxes while benefiting from a charitable tax deduction as well.
Real Estate — A home, farm, office building, or undeveloped lot might be donated to provide Eastern with proceeds from the property's sale or a site for future institutional growth. This type of gift can also offer you a charitable tax deduction, help avoid capital gains tax on the property, and reduce worries for your heirs.
Tangible Personal Property — Donations of artwork, books, equipment and furniture might be appropriate gifts to the University as long as the item is deemed consistent with Eastern's educational mission.
