How to Give to Valdosta State University
Your tax deductible gifts to VSU are vital to the progress of Georgia’s regional university serving the southern portion of the state from the Atlantic Ocean to Alabama. Even though VSU is a state institution, less than half of the operating budget comes from public funds. With your support we can move to the forefront of providing excellent higher education to our students.
The Valdosta State University Foundation, Inc. is the gift receiving entity for the University. There are many ways you can give your financial support to our goals and mission. We have briefly described them here for you.
What can you give?
• Cash, Checks or Credit Cards – Gifts are most often made in the form of cash and checks. Checks should be made payable to the VSU Foundation, Inc. and mailed to the Foundation at 1500 N. Patterson Street, Valdosta, GA 31698. You may also make these gifts online.
• Stocks and Bonds – Gifts of appreciated securities such as stocks, bonds or mutual funds may give you additional tax benefits by avoiding capital gains tax. These gifts also are more cost effective to you because, in most cases, you will have paid less for the asset than its value when it is given to VSU.
• Real Estate – There are numerous ways you can give real property to the University that will make a significant difference to our teaching and research mission and also provide some very good tax benefits to you. There is even a way to give your principal residence to the University and retain the right to live in it for the rest of your life. Please contact the Office of Planned Giving for more details.
• Planned Gifts – There are many other ways to make significant and meaningful gifts to Valdosta State University. Generally called “planned gifts” because they require careful tax and estate planning, these are very often the large gifts that can transform a university and the quality of education it can offer to students. A recent example of a planned gift is the $8,000,000 bequest from the estate of Lillian Steele. Types of planned gifts are outlined below…
Bequests – Most bequests are accomplished by adding the appropriate language to your will or living trust. A bequest can be a specific dollar amount, a specific item of property, a percentage of your estate or the residuary of your estate.
Life income gifts – These include charitable trusts and gift annuities that provide you or a family member income for life and also affords you immediate and future tax considerations.
Life insurance – Life insurance that was purchased years ago to provide protection for your young family may be a perfect way for you to make a meaningful gift to Valdosta State. There may also be significant tax savings to you. You can designate the VSU Foundation, Inc. as owner and/or beneficiary of the life insurance policy.
Retirement Assets – By making the VSU Foundation, Inc. a beneficiary of your qualified retirement plan, you can gain significant tax savings. Assets are transferred tax free to VSUF upon your death thus avoiding estate and income taxes that individual heirs may incur if they received the same assets.
For additional information regarding gifts to Valdosta State University, please call the VSU Foundation Office at 229-333-5939.