Oklahoma Panhandle State University
Various Methods of Giving to the Panhandle State Foundation
Every contribution is appreciated that helps benefit OPSU whether to the University or the Foundation. It is very important that OPSU Alumni and Friends understand the difference between giving a gift to the Panhandle State Foundation as opposed to Oklahoma Panhandle State University. When a gift is given to the university, it becomes state funding and can not be transferred to the Foundation, whereas a gift to the Foundation can be transferred to the university. A gift to the Foundation is more flexible and has a greater potential to earn a higher interest yield than the university. Both entities can assure the giver that the specific intent of the gift will be maintained. Listed below are some examples of various methods of giving to the Panhandle State Foundation.
Send a Gift through PayPal: (this method prevents PayPal from charging a fee) Sign into your PayPal account as you normally would. Once there, click on the "Send Money" tab. Complete the form including adding the recipient's email (firstname.lastname@example.org) and how much you wish to send. At the bottom of the page, choose the "Personal" tab and select "Gift." This will allow you to request no fees be applied. When done, press "Continue" and the transaction will be complete.
Use the “Donate” button: (the Foundation will be charged a transaction fee) Make a donation using your credit card or bank account through PayPal by using the “Donate” button.
Monthly Electronic Funds TransferAn easy and convenient method of donating. Authorization is given to draft a set amount from your personal account on a specific date. You can find the Transfer Form Here.
Gifts of CashGifts of cash are the most common form of donation to the Panhandle State Foundation and can be deducted up to 50% of your adjusted gross income.
Buy a Personalized BrickStandard size brick available for $50.00 with up to three lines of personalization. Bricks will be placed at the east end of the Science and Ag Building. Download the Brick Order Form.
Appreciated StockAppreciated stock (held more than 1 year) make an excellent gift to the Panhandle State Foundation. You may avoid all capital gains taxes and will receive tax deductions for fair market value up to 50% of your adjusted gross income.
Bonds, Mutual FundsBonds and Mutual Funds are similar to stocks in their tax treatment with a tax deduction for the full value of the gift if they have been held for more than capital gains taxes and will receive tax deductions for fair market value up to 50% of your adjusted gross income.one year.
Charitable Remainder TrustsDonors can select the rate of return from these income arrangements and also choose a fixed or fluctuating annual payment. Capital gains taxes are completely avoided and you will receive a tax deduction based on the age of the income recipient and the rate of return.
Bequest through a WillThis is one of the simplest ways to give your estate. You can make a gift bequest, after others have been provided for, of a dollar amount, specific property, a percentage of your estate, or what is left to the Panhandle State Foundation.
Gift of Life InsuranceYou can make a very significant gift by naming Panhandle State Foundation to receive all or a portion of the proceeds of an existing life insurance policy. Tax deduction amounts depend upon whether the policy is paid up or if payment remains to be made.
Retirement AccountsRetirement Account Funds (IRA's or company plans) may be given to the Panhandle State Foundation by proper beneficiary designation.
Gift of Real EstateOne of the most overlooked gift forms is real estate. You will receive a tax deduction based on the full fair market value as well as avoiding capital gain taxes.
Personal PropertyGifts of personal property are always welcome. Charitable tax deductions are available in the year the gift is given.
Charitable income tax deductions are subject to limitations determined by the level of your adjusted gross income and the type of property given. Please review your particular situation with your tax advisor to determine how your circumstances relate to the limits.