Winter 2009 - Year-End Giving Tax Strategies

Support the Annual Fund today!

All gifts to Pitzer College must be received or postmarked by December 31 to qualify for a tax deduction. Credit card gifts must be processed by December 31.

• Donate appreciated stock the correct way.
  To make a stock gift to Pitzer College please use the following information:
• Salomon Smith Barney, Inc.
  456 West Foothill Boulevard
  Claremont, CA 91711
  Tel: (909) 625-0781
  Fax: (909) 621-6046
  DTC #0418, Account #527-17421-15-124
  Account Executive: Gladys Limones

Please provide the Office of College Advancement with the name of the stock being transferred and the estimated date of transfer so that we can easily identify and process your gift to Pitzer’s 2008-09 Annual Fund. You can do this by emailing giving@pitzer.edu.

Making a charitable contribution directly from your IRA account is a wonderful way to support Pitzer College.
You need to be 70½ or older. You will not pay any income tax on the gift (as long as it is a gift set up to come directly from the IRA account to Pitzer). Unfortunately, you do not get a tax deduction because it came directly from the IRA account but it gives you tw o benefits: first - you've benefitted Pitzer College and second - you've decreased the balance in your IRA account which will then decrease the minimum required distribution that will have to be made in 2010. You can take more distribution if you want but you've decreased the minimum REQUIRED distribution amount so that if you don't need it, you don't have to take it. You and your spouse can give up to $100,000 each from your separate IRAs annually. But you don’t get a deduction for the donation. Note: this is currently going to expire on December 31, 2009.

* Pitzer College as an institution does not advise on any personal income tax requirements or issues. Use of any information from this site is for general information only and does not represent personal tax advice either express or implied. You are encouraged to seek professional tax advice for personal income tax questions and assistance.

Click here to see Pitzer's Presidential Annual Leadership Gift Levels

Support the Annual Fund today!