There are many ways to make a gift to Albany Law School. Some have added benefits for the donor depending on age, type of asset contributed and the form of gift selected. Albany Law is ready to work with donors to fashion the most beneficial gift for the donor, for the donor's family and for the law school.
A donor is generally entitled to an income tax deduction for the full amount of the gift; however, the deduction allowed in any one year for a cash gift is limited to 50 percent of the donor's adjusted gross income. Any amount exceeding the 50 percent ceiling can be carried forward and deducted up to five more years. Please contact your tax advisor regarding the circumstances of your particular contribution.
A Gift of Cash
By far, the easiest and most common way to support Albany Law School is to make an outright gift of cash. Checks should be made payable to Albany Law School and mailed to:
Albany Law School
Office of Development
80 New Scotland Avenue
Albany, N.Y. 12208-3494
A Gift of Securities
Donating marketable securities to Albany Law School for either an annual or capital gift is easy, and if they are held long-term (more than 12 months) and appreciated, it can be more beneficial to a donor than giving cash. In addition to avoiding the 20 percent capital gains tax, the donor of appreciated securities who itemizes is also entitled to an income tax charitable deduction for the full fair-market value of the securities. As with outright gifts of cash, any amount exceeding the contribution ceiling can be carried forward and deducted for up to five more years. The deduction is limited to 30 percent of his or her adjusted gross income in the year of the gift. Because of these advantages, many donors of stocks and securities can make larger gifts than they otherwise may have thought possible.
Under IRS rules, the value of the gift is the mean of the high and the low price on the day the stock passes from the donor's control. Do not sell the stock in your name and have the proceeds sent to us, as this will constitute a cash contribution and you will be liable for any capital gains tax. Please consult with your tax advisor to see how making such gifts might affect you.
There are several ways to accomplish a charitable gift of securities (instructions). However you decide to make the transfer, please notify the Albany Law School Development Office in advance of the transfer by contacting Anne Marie Judge at 518-445-3219 or firstname.lastname@example.org.
Online Giving Using MasterCard, Visa or American Express
One of the newest and easiest ways to give to Albany Law School is by making a gift online using your MasterCard, Visa, American Express or Discover credit or debit card. It is a safe and secure means of making an immediate gift to the law school's annual giving program—the Albany Law School Fund. Within broad categories, you can even designate the area of use for your gift. Make an Online Gift.
Many employers match the gift their employees make to Albany Law School, and the law school recognizes donors who obtain a matching gift. Learn more about Matching Gifts.
Other Ways to Give
There are many other ways to make a gift to Albany Law School—gifts in kind, gifts of real property, and gifts that provide an income stream to you and/or a beneficiary for life or a term of years. Learn more about Planned Giving.