Clock is Ticking on Year-End Giving

December 1, 2015

Wabash is appreciative of alumni, parents, and friends who make gifts to the College each year in support of our mission to educate men to think critically, act responsibly, lead effectively, and live humanely.  

Support Wabash Students with a Gift by December 31, 2015!

Join those who make gifts to the College by December 31 each year to take advantage of potential state and federal tax benefits. Make your gift online now or call the Advancement Office at 877-743-4545 to make your gift today!

December 31 Deadlines

Those who make a credit card gift should do so by midnight December 31 to make sure they receive proper credit for the 2015 tax year.

Gifts made via US Mail must be postmarked “December 31” to receive credit for the 2015 tax year. Gifts can be mailed to:

Wabash College / Advancement Office / PO Box 352 / Crawfordsville, IN  47933

COLLEGE HOURS

While Wabash College offices will be closed during the holiday season, the Advancement Office WILL BE OPEN from Monday, December 28-Thursday, December 31 from 8:00 a.m. to 4:30 p.m. ET each day. Please contact the Advancement Office at 877-743-4545 to make your 2015 gift or to get more information on making gifts of appreciated stock or mutual funds.

Will Your Employer Match your Gift?

Did you know that thousands of companies match employee contributions to Wabash? What’s even better is that most companies with these programs will match donations made at any point during the last year! Your support to Wabash College is already making a difference and you might be able to double or even triple the impact of your gift. Visit our Matching Gift website to see if you can increase the value of your contribution.

USING YOur traditional IRA for Giving

If you have an IRA and are taking required minimum distributions (RMDs) into your income, you now have a new option for making charitable gifts. New tax legislation signed into law now makes permanent the IRA Rollover, allowing those who are at least 70 ½ or older to give up to $100K per year to Wabash. It must be a direct rollover from your Traditional IRA account only, to Wabash to satisfy in part or whole your RMD. For more information, click on Charitable IRA Rollover and if you want to pursue a rollover gift, please click on Rollover Instructions

Indiana Residents:  Take Advantage of State Tax Credits When Giving to Wabash

Did you know the State of Indiana will reimburse you $.50 on the dollar for every dollar you give to Wabash? That’s right, individual filers living in Indiana receive a $100 credit for the first $200 contributed to Wabash, while joint filers receive a $200 credit for the first $400 in giving. The illustration below shows the significant impact individuals and couples can make at a relatively small out-of-pocket cost after taking advantage of the Indiana Tax Credit and federal tax savings.

Example

Tax Filing Status Married Single
Initial Gift $400 $200
Indiana Tax Credit ($200) ($100)
Federal Tax Savings (25% tax rate)* ($100) ($50)
Total Out-of-Pocket After Filing Taxes $100 $50
Total Impact on Wabash $400 $200

*Higher federal tax rate results in higher federal tax savings.

Combine the Indiana Tax Credit with Your Company Match!
By taking advantage of a company matching gift and the Indiana Tax Credit, Wabash alumni, parents, and friends can have an even greater impact on the College! 

Example

Tax Filing Status Married Single
Initial Gift $400 $200
Company Match (1:1) $400 $200
Indiana Tax Credit ($200) ($100)
Federal Tax Savings (25% tax rate) ($100) ($50)
Total Out-of-Pocket After Filing Taxes $100 $50
Total Impact on Wabash $800 $400

 


Wabash College • P.O. Box 352 • Crawfordsville, IN 47933 • 765.361.6100