- Donor-advised Funds
A donor-advised fund - or DAF - is a charitable account, sponsored by a public charity, which donors use to support their philanthropy. After establishing a donor-advised fund, the donor may recommend grants to qualified public charities. They may also advise the sponsoring organization on the investment strategy for the charitable assets. A sponsoring organization is 501(c)(3) public charity that sponsors a donor-advised fund program, which often consists of thousands of individual DAF accounts. Make a donor-advised fund gift to Simmons.
- Gifts of Individual Retirement Assets (IRA's)
If you are 70 years old or older and make gifts to Simmons or other charitable organizations, you should check with your tax advisor to be certain that you are taking full advantage of the tax benefits available through new legislation on gifting qualified retirement funds.
If you are strategizing on how to save taxes and pass on assets to heirs, you will be happy to know that Congress has recently made permanent its deduction on gifts of qualified retirement assets to charitable organizations.
As you may know, when you take income from your retirement account, you are taxed on it as regular income. If you preserve those funds and gift them to heirs in your estate, when your heirs spend or reinvest the funds, they are taxed on the gains made on your original contribution to your retirement plan. In other words, heirs do not receive what is called a "stepped up cost basis" as with other types of inherited assets.
However, if you are 70 years old or older, you may now be allowed to make gifts to charity from those assets, receive a tax deduction for your gift, and not trigger an income tax liability on the gifted assets from a qualified retirement plan.
For more information about this and other planned giving opportunities, you can contact us at 800-831-4284 or firstname.lastname@example.org
- Matching Gifts
Gifts from corporations with matching gift programs are a vital addition to annual support. An employee, retired employee, spouse, or partner generates these gifts. Usually you must obtain a matching gift form from your company’s personnel or employee benefits office and forward it to Simmons along with your gift. Matching gifts can also be counted toward 1899 Leadership Society membership.
Use our convenient search tool below to see if your company matches charitable donations.
- Outright Gifts
Direct cash gifts are the most common form of giving and can be unrestricted or designated for a specific project, program, or department.
Simmons offers several ways to make an online gift. You can make a one-time gift, an annual pledge or a recurring gift, as well as a leadership gift pledge, all via online credit card payments. Make your gift.
Give by check
Please send a check and this reply device to:
300 The Fenway
Boston, MA 02115
Give by phone
Please call us toll-free at:
- Real Estate or Tangible Property
You may wish to leave Simmons gifts of tangible property, such as real estate or works of art. Please contact Direct of Capital Giving Maria Mike-Meyer at 617-521-2335 or email@example.com.
- Recurring Gifts
Recurring gifts are a way for you, the donor, to give continuous monthly donations for an indefinite period of time. By committing to a recurring gift, you are providing Simmons with steady, reliable funding for our student and faculty-driven initiatives across campus through a monthly gift to the college.
- Stock and Mutual Funds
Gifts of appreciated securities can be a wonderful way to support Simmons College, while also providing tax benefits to the donor. Gifts of appreciated securities are tax deductible at full fair-market value if the donor has owned the asset for at least one year. To avoid capital gains taxes, you must transfer the securities themselves, not the proceeds of their sale.