Find This Year’s Gift Due Dates
As the wall calendar gets thinner, do you find yourself looking back at the past year, amazed at how fast it went? If so, be sure you also take some time to look ahead to the future.
When you create an estate plan, you take the important steps to make sure the future you picture in your mind actually comes to life. That means devising a plan that protects your loved ones first but also supports the nonprofits you are passionate about, like Murray State University. And, if your plan is set up right, you may receive benefits as well.
Find the important dates you need to know to make sure you get the most out of your giving this year.
Don’t Miss the Deadline
To qualify for a tax benefit this year (if you itemize on your income tax return), you must make your gift by Dec. 31.
To make sure these popular gifts qualify for this year, see their effective dates below:
- Securities—If securities are electronically transferred to Murray State University Foundation, the gift date is typically the day the securities enter our account. If stock certificates are mailed, the mailing date is the gift date.
- Life insurance—The date signed on paperwork transferring ownership to Murray State University Foundation, assuming you properly forward the form to the insurance company.
- Tangible personal property—The date you deliver the property with a signed document transferring ownership, if necessary.
Every Gift Makes a Difference
Need help finding the right gift for you or making sure your gift counts before the year ends? We can help. Contact Dr. David Durr, CFA, CFP® at ddurr@murraystate.edu or 270-809-6912.