2019 YEAR-END GIVING GUIDELINES
FORT HAYS STATE UNIVERSITY FOUNDATION
785-628-5620
https://foundation.fhsu.edu
foundation@fhsu.edu
Maximum tax benefits depend on timing. Here’s how to complete your 2019 gift to Fort Hays State University by year-end.
FHSU Foundation Holiday Hours Please plan to make your gift accordingly based on our holiday hours listed below. Monday - Friday Open 8:00 a.m. to 4:30 p.m. with the exception of: Monday, Dec. 23, 2019 - Closed from noon to 4:30 Tuesday, Dec. 24, 2019 - Closed Wednesday, Dec. 25, 2019 - Closed Thursday, Dec. 26, 2019 - Closed Tuesday, Dec. 31, 2019 - Closed from noon to 4:30
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ATTENTION: T H E L A S T D A T E T O C O M P L E T E M A N Y G I F T S I S T U E S D AY, D E C . 3 1 , 2 0 1 9 .
Your Gift by Check U.S. Postal Service • Date your check on or before Dec. 31, 2019. • Mail your check via U.S. Postal Service with a postmark on or before Dec. 31, 2019. • Checks mailed via U.S. Postal Service with a postmark and check date on or before Dec. 31, 2019 will be counted for 2019 regardless of when they are received at the Fort Hays State University Foundation.
Other Delivery • Date your check on or before Dec. 31, 2019. • Hand-deliver your check or ship via FedEx, UPS or other shipping service so that it’s received at the Fort Hays State University Foundation by 11:00 a.m. on Tuesday, Dec. 31, 2019. • Checks delivered by any method other than being mailed via U.S. Postal Service are effective as of date received by the FHSU Foundation. • The address for mailing or hand-delivery of your check: Fort Hays State University Foundation One Tiger Place PO Box 1060 Hays, KS 67601 Questions about your gift by check? Email Teresa Hammerschmidt at tmhammerschmidt@fhsu.edu or call (785) 628-5624.
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Your Gift by Credit Card You may prefer to make your gift online or by telephone to avoid mailing or shipping delays and to ensure that your credit card gift is processed in time for 2019 tax purposes. See below for those deadlines.
Credit Card Gifts by Telephone • Deadline is 11:00 a.m. (Central Standard Time) on Tuesday, Dec. 31, 2019. • Call (785) 628-5624
Credit Card Gifts Online • Deadline is 11:50 p.m. (Central Standard Time) on Tuesday, Dec. 31, 2019. • Make your gift by visiting https://foundation.fhsu.edu/donate • Questions about your credit card gift? Please contact Teresa Hammerschmidt by email at tmhammerschmidt@fhsu.edu or by phone at (785) 628-5624 by 11:00 a.m. on Tuesday, Dec. 31, 2019.
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Your Gift of Securities (Stocks, Bonds and Mutual Funds) Gifts of securities (stocks, bonds and mutual funds) require planning. The effective date of your gift for tax purposes depends upon how you deliver the gift. Use the deadlines below to ensure your gift counts for 2019. • The amount of your charitable deduction depends on the value of the securities at the time the gift is complete. • Mutual fund gifts: Start early to determine the fund’s processing time, which varies widely from fund to fund. Some can complete your transfer within days of receiving your instructions; some take several weeks. • For all gifts of securities: Please notify the FHSU Foundation office of your intention to make a gift of securities by contacting Francine Hestermann by email at fahestermann@fhsu.edu or by phone at (785) 628-5622.
Hand Delivery Your hand-delivered gift of securities is effective on the date received by the Fort Hays State University Foundation. The deadline is 11:00 a.m. (Central Standard Time) on Tuesday, Dec. 31, 2019.
Electronic Securities Transfer • Your electronic transfer of securities from a brokerage account is complete when the securities have been received by an account owned by the Foundation. Important: These gifts are not considered complete upon giving instructions to a broker. • Your electronic transfer gift is counted for tax purposes only when it is complete (see above). • Initiate your transfer early. It is wise to allow several weeks. While some transfers may be received within days of your instructions, longer delays are possible, especially at year-end. For example, mutual funds generally take much longer to transfer than individual stocks. • Deadline: Your electronic transfer must be received by 11:00 a.m. (Central Standard Time) on Tuesday, Dec. 31, 2019. Questions about transferring a gift of securities (stocks, bonds and mutual funds)? Please contact Francine Hestermann by email at fahestermann@fhsu.edu or by phone at (785) 628-5622.
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Your Gift of Real Estate Your gift of real estate is typically considered complete on the date a signed deed is delivered to the FHSU Foundation. Begin as early as possible if you wish to complete a real estate gift within a certain time frame for tax purposes. It often takes 30 days or more to determine whether a gift of real estate can be accepted. Questions about your gift of real estate? Please contact Jason Williby by email at jjwilliby3@fhsu.edu or by phone at (785) 628-5621.
Charitable IRA Rollover is Permanent The popular charitable IRA rollover, also called a qualified charitable distribution (QCD), was made permanent in 2015. Since 2006, many FHSU donors age 70 ½ or older have used this option to make qualifying charitable gifts that were excluded from taxable income, and counted toward their required minimum distribution (RMD). To qualify, gifts must be transferred directly from the IRA provider to the FHSU Foundation and meet certain other requirements. Please tell your broker or fund manager to name you as the donor on the transfer, and if your gift is intended for a particular area, have the broker specify that as well. Tax situations vary. We encourage you to consult your tax or financial advisor regarding retirement account gifts. For questions on the charitable IRA rollover, contact Darci Cain at dacain@fhsu.edu or (785) 628-5719.
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Plan ahead to maximize benefits of your 2019 gift to FHSU Maximize your tax benefits. Begin early to evaluate the charitable gifts you have made this year, and those you are considering. Allow time to consult financial advisors and to complete all necessary steps in time to count your gift for the 2019 tax year. Your qualifying 2019 contribution will support the area of Fort Hays State University that you designate.
Other questions about your year-end gift to FHSU? Contact Darci Cain by email at dacain@fhsu.edu or by phone at (785) 628-5719.
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