Benefits of Giving

In addition to supporting the mission of W&L, a planned gift can provide substantial tax advantages, especially on gifts of stocks and real estate. The benefits may include:  

  • an income tax deduction
  • reduced capital gains taxes
  • reduced probate costs and estate taxes
  • income for life

Simply by taking advantage of incentives the IRS provides, you and your advisor can craft a gift that fits your needs, as well as the needs of W&L. Even with the increased standard deduction in the tax law that became effective in 2018, an immediate income tax charitable deduction resulting from a planned gift may lead to itemizing deductions and greater tax savings. A planned gift makes it possible for you, your loved ones, and W&L to all benefit.

We want to be sure that we can fulfill your wishes. If you have any questions, please contact:

Jamie Killorin
Director of Gift Planning
540.458.8429
jkillorin@wlu.edu
Washington and Lee University