Give The Gift of Possibility with Your 2013 Year-End Gift

Give The Gift of Possibility with Your 2013 Year-End GiftDonating to the Alfred Fund gives our students The Gift of Possibility by helping them to pursue their dreams and prepare to make a difference in the world. This would not be possible without annual contributions from people like you. And you get the added benefit of a tax-deductible charitable gift if you make your gift by December 31!

For your convenience, we offer multiple ways to give:

  • Online: Use our secure online giving site
  • Phone: Please call 800-321-1309
  • Mail:
    Please mail gifts to:
    The Alfred Fund
    Alfred University
    One Saxon Drive
    Alfred, NY 14802

Answers to Frequently Asked Questions
About End-of-the-Year Gifts:

Gifts of Cash/Check
Checks should be made payable to Alfred University.

In order for gifts by mail to be accounted for in the 2013 tax year, your check must be dated on or before December 31, 2013 and the envelope must be postmarked on or before December 31, 2013.

Gifts by Debit/Credit Cards
The IRS requires credit card donations to be processed in the same year of the deduction. Therefore, all credit card donations must be processed on or before December 31. Please make your credit card gifts online to ensure that they will be processed in 2013.

  • Online credit card gifts processed on or before December 31, 2013 will be recorded as 2013 gifts.
  • Gifts by telephone must be made prior to 4:30 PM EST on Friday, December 20, 2013. Please note that Alfred University is closed December 23-January 3, 2014. We will, however, process all gifts received for the 2013 year-end on December 31.

Questions about your gift? Call us at 800-321-1309.

Gifts of Securities (stocks, bonds, mutual funds)
Gifts of appreciated securities provide financial support to Alfred University, and may have tax benefits for the donor. The amount of your charitable deduction depends on the value of the securities at the time the gift is complete. The effective date of your gift for tax purposes depends upon how you deliver the gift.

For all gifts of securities, please notify our Office of Advancement Services at 800-321-1309.

IRA Charitable Rollover to Expire December 31, 2013
he January 2013 tax bill extended – until the end of 2013 only – the charitable IRA rollover (qualified charitable distribution) for older donors who wish to make a gift directly to the university from their traditional or Roth IRA. This opportunity has allowed many AU donors age 70 ½ or older to exclude from taxable income – and count toward their required minimum distribution – qualifying gifts transferred directly from their IRAs to Alfred University. A qualifying charitable IRA rollover generally produces a more favorable tax outcome than simply withdrawing funds to make a gift.

Key Points for IRA Charitable Rollover

  • Extension ends December 31, 2013
  • You must be 70 1/2 or older
  • Your gift(s) must be transferred directly from your traditional or Roth IRA(s) to qualified charities such as Alfred University (Other retirement plans, such as 401(k) accounts, do not qualify)
  • You may gift up to $100,000 per person, per tax year
  • Qualifying 2013 gifts can be made at any time during calendar year 2013, up to a maximum of $100,000 per person
  • An individual who made a qualifying gift for tax year 2012 can make another qualifying gift for tax year 2013, however the same gift may not count in both tax years
  • No personal benefits can be received from your gift

Gifts of Real Estate
Your gift of real estate typically is considered complete on the date a signed deed is delivered to Alfred University. 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? Call us at 800-321-1309.

Remember your Matching Gift
Many employers match gifts made by employees, spouses, and retirees. Please visit our website or check with your human resources department to see if you qualify and return the required matching gift form with your gift to AU.