Making the Most of Your Charitable Gift

Wednesday, December 19, 2007

 

2007 Year-end Tax Considerations

As you plan your year-end giving, we want to thank you in advance for helping Corban finish 2007 on a strong financial note. Great things are happening at Corban College which are possible because of your support and financial gifts. And while giving occurs throughout the year, December giving represents nearly two times what is given during any other month!
 
Year-end Deadline
December 31 falls on a Monday this year. To claim a charitable contribution deduction for 2007, you will need to mail (and postmark) any checks by December 31. Please note: The Advancement Office at Corban will be open on Monday, December 31 until 5:00 pm.

Stock Transfers
If you plan to donate stocks before year-end, please be aware that the stocks must be received in the Corban account by Monday, December 31. The IRS recognizes gifts of securities and appreciated stocks on the date the funds are reflected in Corban’s account, NOT the date you instructed your bank or broker to make the transaction. Plan early and specifically request that your broker make the transfer before the end of the year. Please notify Dan Ostlund of stock transfers that you plan to make (toll free: 800-845-3005; local calls: 503-589-8186; email: dostlund@corban.edu). We will assist in tracking your donations.

More than Money
Corban College educates Christians to make a difference in the world for Jesus Christ. Your donations help us create new opportunities for students to expand their academic knowledge and exercise their personal gifts in the classroom, through community service and with professional internships. Thank you for playing a part – your contribution is significant.

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