Ways to Give…

To mail your gift please print a Gift Form, complete it, and mail it with your credit card information (VISA, MasterCard, or Discover) or check payable to “Purdue University Calumet” to:

Purdue University Calumet
Office of Institutional Advancement
2200 169th Street
Hammond, IN 46323-2094 

 

When you make a gift to Purdue Calumet you will receive an official receipt by mail. Please check the receipt carefully to verify the gift amount and the program(s) to which you designated your gift.

Questions?  219.989.2323 • advance@purduecal.edu 


Other Ways to Give…

You can make a gift of stock or securities to Purdue Calumet. The procedure you follow depends upon who holds your securities:

Securities Held by Your Broker

IMPORTANT NOTICE WHEN TRANSFERRING STOCKS TO PURDUE CALUMET: Due to federal, state and local privacy statutes currently enforced, often your broker may not provide us with any personal information, including your name. The only information that comes to Purdue with your transfer may be the name of the security, number of shares, and firm initiating the transfer. As you initiate your transfer, please contact the Purdue Calumet Advancement Office at 219-989-2323 and notify us of your transfer, type of stock and desired use of your gift. With this information, it is possible for us to match your gift to the broker’s transfer, and allows us to deposit your gift into the correct account and properly thank and receipt you for your gift.

If your broker holds the securities, please provide your broker with the following contact information so specific transfer instructions can be obtained:

Purdue Foundation

Mary Anne Schmidt

1281 Win Hentschel Blvd.

West Lafayette, IN 47906

(765) 588-3470

Please also provide your broker with your name, address, details including stock name, number of shares, and designation of your gift. The date of the gift will be the date that the securities arrive in Purdue Foundation’s account.


Securities Held by You

If you hold securities in certificate form:

  • Endorse each certificate on the back to The Purdue Foundation, Inc.
  • Sign your name exactly as it appears on the face of the certificate and have your signature medallion guaranteed by an officer of a bank or your stockbroker. Without this guarantee, we will be unable to process your gift.
  • Mail the certificate(s) and a letter stating that the gift is to be made to Purdue University Calumet and describe how you want your gift used to:

Purdue Foundation

Mary Anne Schmidt

1281 Win Hentschel Blvd.

West Lafayette, IN 47906

(765) 588-3470

The date of your gift will be the date that the certificate(s) are mailed to Purdue Foundation–the postmark date.

You may prefer to hand deliver the certificate(s) to Purdue University Calumet Advancement Office, 318 Lawshe Hall, on Woodmar Avenue in Hammond. Please include a letter describing the intended use and we will forward the stock certificates to West Lafayette on your behalf. For the hand-delivered certificate(s), the date of your gift will be the date they are delivered to Purdue Calumet.

For the hand-delivered certificate(s), the date of your gift will be the date it is delivered to Purdue University Calumet.

Note: Making a gift by having the certificate(s) re-registered in Purdue Foundation’s name is not recommended because of the delay involved in the process.

Return to How to Make a Gift

Back to menu


 Property

As with gifts of securities or real estate, a donor is entitled to a charitable deduction for gifts of tangible personal property (e.g. works of art, rare books, stamp or coin collections, etc.), which are called gifts-in-kind. The extent of the allowable deduction for a gift of such property held long-term is dependent upon the standard of “related use.”

Here’s how the standard is applied: If the use of the contributed property is related to the exempt purposes of the charity (e.g., rare books to the library, a painting to the galleries, etc.), then the donor would be entitled to a charitable deduction for the full fair market value of the property, subject to the 30 percent ceiling and carry-over.

If the use of the contributed property is unrelated to the exempt purposes of the charity (e.g., stamp collection to a hospital to sell and use the proceeds), then the donor would be entitled to a charitable deduction only for his or her basis in the property.

One other note: If the donor is the creator of the contributed tangible asset (for example, the artist of a painting), then his or her deduction is limited to the actual cost in producing the asset.

Tax advantages

Gifts-in-kind (books, livestock, works of art, etc.) are deductible at the full fair-market value if they are related to educational programs or activities of the University and have been held for more than one year by the donor.

Gifts of Real Estate

There are several options available:

Outright: If you make an outright gift of real estate to Purdue Calumet during your lifetime, you will be entitled to a federal income tax charitable contribution deduction for the full fair market value of the property on the date of your gift.

Retained life estate: This type of gift allows you to give your residence or farm to Purdue Calumet now while retaining the right for you and/or someone else to have possession of the property (and receive any income from the property) for life. You would be entitled to a current federal income tax charitable contribution deduction for the value of Purdue Calumet’s remainder interest in the property. You also will avoid tax on the property’s capital gain.

Gift with a lifetime income: You may contribute the real estate to Purdue Calumet in exchange for a lifetime income from the property. Under this option, the property is used to fund a type of charitable remainder unitrust. This arrangement will provide you and/or another beneficiary with a lifetime income from the trust. Further, you would be entitled to a current federal income tax charitable contribution deduction equal to the value of Purdue Calumet’s remainder interest in the property. Plus, it avoids tax on the property’s gain.

Testamentary: Another option is to leave the real estate to Purdue Calumet in your estate. This arrangement will not provide you with a current income tax deduction, but your estate would be entitled to a federal estate tax charitable deduction for the full fair market value of the property.

Questions?

For more information on any of these options, please call the Office of Institutional Advancement at (219) 989-2323 or e-mail advance@purduecal.edu

Back to menu