Agnes Scott College

Agnes Scott welcomes gifts of all types and will work with you and your financial advisors to maximize your tax benefits and the value of your gift to the college. Make your gift or pledge online!

Charitable IRA Legislation Passed 
Don’t miss this second-chance opportunity to make tax-free gifts from your IRA! This is good news for individuals aged 70½ or older with individual retirement accounts. Thanks to the extended charitable IRA legislation, you can once again make outright gifts using IRA funds without tax complications.

If you are required to receive minimum distributions from your IRA and you do not need the money for personal use, consider using those funds as a charitable gift to Agnes Scott College. While you cannot claim a charitable deduction for the IRA gifts, you will not pay income tax on the amount.

The requirements to contribute funds this way are as follows:
• You must be 70½ or older by the date of the contribution.
• Your IRA gifts total $100,000 or less each year in 2008.
• You transfer funds directly from an IRA or Rollover IRA to the charitable institution by December 31, 2008.
• You transfer the gifts outright to one or more public charities (This excludes gifts made to charitable trusts, donor advised funds and supporting organizations.)

The Benefits
• In most cases, the transfer counts toward your minimum required distributions.
• The gift generates neither taxable income nor a tax deduction, so even those who do not itemize their tax returns receive the benefit.
• You may transfer up to $100,000 directly from your IRA in 2008.
• The distributions may be in addition to or to fulfill any charitable giving you have already planned.

The Next Step
• Be sure to contact your tax professional and your IRA administrator if you are considering a gift to Agnes Scott under this law.

By Check or Credit Card
You can give directly by check, VISA, MasterCard or American Express, either by mail to the address below or online. The college also offers an automatic monthly credit card transaction option making it easier than ever before to give to the college by monthly installment. Make a secure credit card donation online.

Matching gifts
You can often double or even triple your gift to Agnes Scott with matching funds provided by your employer. Check with your company's personnel office or use our e-match system to learn if your company offers a gift matching option.