Ways of Giving
Each year, alumni, parents and friends of Canisius provide the college with much-needed financial assistance through outright gifts of cash, securities or property. Each of these ways of giving is listed below.
For more information on making a gift, please contact Katherine Huck, director of advancement services, at firstname.lastname@example.org or (716) 888-8211. Pledge cards can be mailed to Institutional Advancement, Canisius College, 2001 Main Street, Buffalo, New York 14208
Gifts of Cash
Outright gifts have an immediate impact and are used to support current needs. Gifts of cash are also the easiest and most direct way to give to Canisius and are fully deductible for individuals who itemize their federal income tax return. Many alumni and friends participate in the Canisius Fund with gifts of cash. These benefactors see the immediate results of their generosity in college programs.
Cash gifts can also be designated to a capital project or used to create endowed scholarships or other named endowments, which support academic programs. For income tax purposes, you may deduct up to 50 percent of your annual adjusted gross income for cash gifts. Any deduction in excess of that can be carried over and used within the next five years.
You may make an immediate credit card gift by giving online. If you’d like to make a credit card payment over the phone, contact Katherine Huck, director of advancement services, at email@example.com or (716) 888-8211. Or simply contact us for a pledge/payment form to make a gift by check. Checks should be made payable to Canisius College. When designating your gift for a specific department or program, please include that information on the pledge form.
Gifts of Securities
Giving appreciated securities can be an especially advantageous way to support Canisius. Donors of long-term appreciated securities avoid payment of capital gains and are eligible for a federal income tax charitable deduction equal to the fair market value. To avoid the capital gains tax, be sure to give the securities to Canisius. If you first sell the securities then give the proceeds to Canisius, you will be liable for any capital gains tax due.
For specific instructions on transferring securities please contact Katherine Huck, director of advancement services, at firstname.lastname@example.org or (716) 888-8211.
Gifts of Property
Canisius College accepts gifts of real estate and welcomes a variety of tangible personal property, including works of art, rare books, etc., as well as gifts-in-kind, such as computer software.
Depending upon your circumstances, a gift of appreciated real estate can be an advantageous way to give to Canisius. As with gifts of appreciated securities, if you give the property directly to Canisius, you may avoid payment on the capital gain and be eligible for a federal income tax deduction equal to the fair market value of the property. Appreciated property may also be a particularly good choice for funding a deferred gift that pays you income, such as a charitable remainder trust or a charitable gift annuity.
Gifts of tangible personal property and gifts-in-kind qualify for a federal income tax charitable deduction. The size of the deduction depends on the value of the gift and whether the gift is related to the educational mission of the college. For works of art and other such gifts of tangible personal property, the donor is responsible for determining the value of the gift based upon an independent fair market appraisal.
Canisius benefits from many alumni and friends who make gifts that support the college while planning for their own future and the future of their loved ones. You can make a gift to the college through a variety of giving arrangements called planned gifts. These tax-wise tools yield significant, immediate and long-term benefits for you, your family and alma mater.
There are several ways to make Canisius College a beneficiary of your estate, including through trusts, wills and life insurance.
Corporate matching gifts are a great way to increase the size of your gift. You can double or even triple your gift by having your employer match your donation. Thousands of companies offer to match their employee's charitable contributions. Some require a form to be completed by the employee, while others have automated programs that require only a phone call. To find out if you are eligible for a company match, contact your Human Resources Department for more information and the proper forms.