We’ve just announced Beyond These Towers: The Campaign for WPI and ask that you consider a year end gift to support this ambitious endeavor. Below are some, tax-savvy ways you can donate and make an impact.
When you give to WPI YOU are transforming the lives of our students, their families, and their communities; YOU are helping to turn knowledge into action to confront global challenges and through WPI’s inclusive and distinct project- based learning, YOU are helping to revolutionize STEM.
Giving Cash – Special Incentives for 2021 Only
For those who itemize, you can deduct up to 100 percent of your adjusted gross income (formerly 60 percent) for cash charitable contributions in 2021.
For those of you who do not itemize, you may reduce your taxable income by $300, or $600 for those married filing jointly, for your cash charitable contributions in 2021.
Cash gifts are the simplest way to give.
Giving Appreciated Securities
Substantial gains in the stock market make giving appreciated securities an especially tax smart gift. You can double your tax benefit by giving stocks that have increased in value. You receive an income tax charitable deduction for the gift, and you avoid paying capital gains tax. Contact us for transfer instructions for a gift of stock.
Giving with Your IRA: Qualified Charitable Distribution (QCD)
If you are 70½ or older, you can make a tax-free gift of up to $100,000 to WPI directly from your IRA account (known as a QCD).
A QCD counts toward satisfying the required minimum distribution from the IRA and offers great tax savings, even if you do not itemize deductions. To initiate a gift, please call your plan administrator.
Please instruct your plan administrator to indicate the following on your QCD check correspondence: the specific designation of your gift or unrestricted use, and your name as the donor of record.
Checks should be mailed to:
WPI
University Advancement/Gift Processing
100 Institute Road, Worcester, MA 01609
Giving through Your Donor-Advised Fund
The donor-advised fund (DAF) is becoming an increasingly popular way to make a charitable gift. DAFs can provide you with immediate tax benefits while making your charitable giving easier. Use our DAF Widget, to quickly find your fund’s login page and make a gift to WPI.
WPI recently held a Be Well Together day to care, reflect and rejuvenate together as a community. We hope that as the end of the year approaches and thoughts turn to your own gatherings, you can do the same. Know that we are grateful for your support, for your commitment and for being part of the WPI community.