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When a portion of his stock holdings appreciated in value in the summer of 2008, Art Bloomer knew just what to do – and it didn’t involve paying capital gains tax on the appreciated value. By giving the stock to the ESU Foundation, Art and his wife, Sue, were able to fulfill outstanding pledges they had made for ESU scholarships, and contribute the remainder to athletics.
“The end result was I avoided paying the tax, yet I got a nice deduction on my return for the charitable gift that enabled me to get a good refund from the withholding and estimated taxes that I had paid during the year,” Bloomer said. Bloomer encourages others to consider giving stock, noting the benefits of a charitable deduction and the avoidance of capital gains tax. For Bloomer, too, it allows him to lead by example – as chairman of the ESU Foundation Board of Trustees, Bloomer sees his stock gift as a way of meeting the commitment he made when he agreed to serve on the board. “My successes in life started with my education at ESU so I feel a deep personal need to give something back,” Bloomer said. Those interested in contributing or learning more may contact the ESU Foundation at (620) 341-5440, 1500 Highland St., Emporia, KS 66801, or through the Foundation homepage. |
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Online Giving - Frequently Asked Questions• How do I complete the online giving process? • Why do I have to create a user account in order to make a gift? • What should I do if I don’t see the program or department I want to support? • Will I receive a printed receipt in the mail? • Whom can I contact to get help? • What does the ESU Foundation do with my personal information? • Are online gifts to the ESU Foundation tax deductible? • Who decides how gifts are used? • What if I have additional questions? How do I complete the online giving process?Follow the “Make a Gift” link above to enter the secure site. Then select the area you wish to support. Fill in the amount of your donation, complete the personal information, and click “Submit.” Why do I have to create a user account in order to make a gift?Creating a user account allows you to sign in before making a gift. That way, we can match your gift to our database. Once a user account has been created, you may submit an online gift to the ESU Foundation, view your giving history and view personal information. You only have to create the account once. What should I do if I don’t see the program or department I want to support?Select the “Other” option on the online giving page and type in the fund or area you wish to support. If we have questions about your contribution we will contact you. Will I receive a printed receipt in the mail?Yes. Whom can I contact to get help?One of our gift processing staff members would be happy to assist you. Please contact our gift processing staff, Monday through Friday, 8 a.m. to 5 p.m. CST, at (620) 341-5440. Is it safe to give online?Making a gift online to ESU is secure and private. The ESU Foundation employs SSL (Secure Socket Layer) technology and 128-bit encryption to protect your personal information. What does the ESU Foundation do with my personal information?Your information will be used by the ESU Foundation to credit you correctly for your gift. Information contained in our records is used only for ESU- and ESU Foundation-related business. We do not sell personal information or use it for purposes other than the support of the university. Are online gifts to the ESU Foundation tax deductible?Yes, under most circumstances. The ESU Foundation is a 501(c)3 corporation, which authorizes us to give tax-deductible gift receipts for charitable gifts. Charitable gifts qualify for the maximum tax benefits under the Internal Revenue Code. However, if you receive a benefit for the gift - such as concert tickets - all or part of the gift may not be tax deductible. Please contact the ESU Foundation at (620) 341-5440 if you have questions about your gift. Who decides how gifts are used?You decide! When you make a gift, you determine how it will be used. Some donors also give to the Greatest Need or the Annual Fund, which provides flexible, unrestricted support. This allows the ESU Foundation to apply the donations to the areas of greatest need or opportunity. What if I still have additional questions?If you need further help in choosing a giving method, would like an expert to walk you through the process, or have any other questions about donations to the ESU Foundation, send an e-mail to Carol Cooper at: or (620) 341-5440
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Last Updated August 21, 2009