Thank you for your
interest in making a charitable contribution to The Cheyney
Foundation. With your support, we will continue
to meet the needs of the Cheyney University of Pennsylvania.
How
You Can Make Your Gift:
Cash/Check: A gift of cash is
available immediately for the use of The Cheyney Foundation
and is fully deductible for donors who itemize their federal
income taxes. Contributions payable to The Cheyney Foundation
should be sent to: The Cheyney Foundation, P O Box 845
Philadelphia, PA 19105, Attention: Irv Bailey.
Stocks/Securities: No matter
what tax bracket you are in, making gifts with appreciated stock
makes sense. Tax benefits for the donor who has owned
appreciated stocks for more than one year are two-fold: capital
gains tax is avoided upon transfer to the Foundation and
the donor can receive an income tax charitable deduction for the
full market value of the stock on the date of the gift.
Depending on your tax bracket and the size of the gift, there
may be an opportunity to carry over the charitable income tax
deduction over several years.
Corporate Matching Gift: Many
corporations match gifts to charitable institutions made by
employees; some will match the gifts of employee spouses and
retired employees as well. Please contact your Human Resources
Department for more information.
Deferred Gift: A deferred gift
will allow a donor to make a planned gift to The Cheyney
Foundation over a period of years as you determine or as
part of estate plans. Properly designed, it can generate a
charitable income tax deduction. Your deferred gift can be
designated for a specific purpose or provide unrestricted
support for The Cheyney Foundation mission directed
activities. These gifts are made in the form of trusts, bequests
or endowments.
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