Important Giving Deadlines

Many choose to support Wellesley's mission through year-end gifts. Below are a few reminders to help ensure that your gift is credited to this calendar year:

  • Checks must be postmarked on or before December 31. Please mail to: Development Office, Wellesley College, 106 Central Street, Wellesley, MA 02481.
  • Credit card gifts made over the phone must be called in by 6:00 p.m. EST on December 31. Please call 781.283.2802.
  • Credit card gifts made online must be submitted before midnight EST on December 31.
  • Gifts of securities and wire transfers must be received in the College's account before 3:30 p.m. EST on December 29.

Year-End Giving Tips

The end of the calendar year is upon us! This is the time of the year when many of us think about charitable giving as part of our busy holiday to-do list. Your year-end philanthropic decisions are important so now is a good time to refresh our memories about some of the tax-smart options available to you.

Qualified Charitable Distribution (QCD) from your Individual Retirement Account (IRA)

If you are age 70½ or older, a QCD allows you to contribute up to $100,000 from your IRA directly to Wellesley and pay no federal income tax on the withdrawal.

Please contact us about how to establish a gift annuity using your IRA.

Gifts of Appreciated Securities

By giving appreciated securities you have owned for more than a year, you enhance your tax benefits. You receive a tax deduction for the value at the time of your gift and you avoid the capital gains tax that you would have owed if you sold the stock.

Please be sure to contact your investment advisor now because most firms have strict rules regarding the time you must contact them to make year-end security gifts. Year-end is also a time when investment advisors make portfolio changes to rebalance for diversification purposes making this a perfect time to identify appreciated assets for gifting.

Donor Advised Fund Distributions

Many of you enjoy the tax benefits and flexibility of a donor advised fund. Year-end is a great time to request a grant for Wellesley.

Charitable Gift Annuities—Guaranteed Income in Uncertain Times

You make a gift to Wellesley and Wellesley pays you guaranteed income for life, regardless of market volatility. Your annuity rate is based upon your age, the date of your gift, and when your annuity payments begin. If you are age 50 or older, please ask us for a personalized illustration so we can show you how a gift to Wellesley can give you guaranteed income based upon new higher rates.

Please do not hesitate to contact the Office of Gift Planning to discuss year-end strategies you would like to consider. We can help you support Wellesley while meeting your financial goals.

Debra D. DeVaughn ’74, JD

Senior Director of Gift Planning

giftplanning@wellesley.edu

781.283.2657

Wellesley College does not provide tax advice. Please consult your own tax, investment, and legal advisors to determine if a gift strategy is right for you.