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Holiday Giving Tips

December 19, 2012

We know how important the last few days of the year can be for meeting tax deadlines, and we are here to help make the process seamless for you.

Please note our following hours of operation:

December 17-21: Normal operation (8 a.m.-5 p.m.)

December 24 and 25:
Beloit College will be closed. Giving online using Beloit College’s secure site is a convenient option to make your year-end gift using a VISA, Mastercard, Discover, or American Express debit/credit card.

December 26-28 and 31: The Beloit College Development Office will be open from 8 a.m.-5 p.m. If you would like to make a gift of stock or discuss your year-end gift to Beloit College, please contact us at 1-800-331-4943 and our holiday staff will be happy to assist you.

January 1: Beloit College will be closed.

Beloit College and the Development & Alumni Relations Office will reopen for normal operation beginning Wednesday, Jan 2.


Helpful year-end giving tips

Remember, only gifts made by December 31 can help reduce the amount of taxes you owe next April so you’ll need to move swiftly! Please keep the following in mind and consult your tax advisor for specific details. Thank you for your support and have a safe and happy holiday season.

Deadline to Receive 2012 Tax Credit

  • Gifts made by check must be dated and postmarked no later than December 31, 2012.
  • Credit card gifts can be made online on or before 11:59 p.m. (EST) on December 31, 2012. We accept VISA, Mastercard, Discover, and American Express debit/credit cards.


Year-end giving opportunities:

  • Many companies are paying out larger than normal dividends; if you are on the receiving end, ease your tax burden by making a charitable gift.
  • Take advantage of higher charitable gift annuity payouts before rates decline on January 1, 2013.
  • If you have a donor advised fund, recommend that Beloit receive your distribution.


Checks:

The date you deliver or mail your donation is generally recognized as the gift date for tax purposes. Please note the date on the actual check or money order is not recognized by the IRS as proof of your intent to give on a particular date. Gifts by check or money order may be mailed to:

Beloit College
Development & Alumni Relations
700 College Street
Beloit, WI 53511

Note: Gifts can be hand-delivered to Beloit College December 26-28 and 31 between the hours of 8 a.m. and 5 p.m.


Credit Cards:

The date your account is debited is considered the date of the donation. In order to receive a 2012 charitable income tax deduction, credit card gifts must be processed against your account in 2012. Please make sure to make your gift online using your VISA, Mastercard, Discover, or American Express debit/credit card.

Gifts of Stock:

If you would like to make a gift of stock or discuss your year-end gift to Beloit College, please contact the Development & Alumni Relations Office at 1-800-331-4943.

Change-makers:

Looking for a quick way to make a direct impact on Beloit? Learn more about the various opportunities through Fast Forward. While you're there, please join alumni in Germany and Jamaica, as well as Tempe, L.A. and St. Louis (and many other places worldwide) who have recently shared their story and support for the college. By sharing your story, you help us prove Beloit's value and distinctiveness to prospective students and parents. It only takes a minute and will do so much.

Thank you for your generous support of Beloit College!