Year end giving guidelines
Maximum tax benefits depend on timing. Here’s how to complete your 2022 gift to Virginia Tech by year end.
Begin early to evaluate the charitable gifts you have made this year, and those you are considering. Allow time to consult financial advisors and to complete all necessary steps in time to count your gift for the 2022 tax year.
Your qualifying 2022 contribution will support the area(s) of the university you designate.
Gifts by check
U.S. Postal Service (USPS)
Date check and mail it via first class mail with postmark on or before Dec. 31, 2022.
Gift date is the postmark date regardless of when received at Virginia Tech.
Delivery other than USPS
Date check on or before Dec. 31, 2022, and hand-deliver your check or ship via FedEx, UPS, or other shipper so that it is received at Virginia Tech’s Gift Accounting Office by no later than 5 p.m. on Dec. 31, 2022.
Gift date is the date received at Virginia Tech.
The address for mailing, shipping, or hand-delivery of checks:
Virginia Tech | Advancement Division
Attn: Gift Accounting (0336)
902 Prices Fork Road, Suite 4600
Blacksburg, VA 24061
Questions about giving by check? Email Gift Accounting at give.to.vt@vt.edu or call 800-533-1144.
Gifts by credit card
The method for making credit card gifts determines the deadline.
Gifts via USPS and FedEx/UPS shipping
Credit card gift information must be received in University Development’s Office of Gift Accounting by no later than 5 p.m. (Eastern Standard Time) on Dec. 31, 2022.
Mail solicitation response card or other written gift instructions to the following address:
Virginia Tech | Advancement Division
Attn: Gift Accounting (0336)
902 Prices Fork Road, Suite 4600
Blacksburg, VA 24061
Gifts by telephone
Deadline is 5:00 p.m. (Eastern Standard Time) on December 31, 2022.
Call 800-533-1144 or 540-231-2828.
Gifts online
Deadline is 11:59 p.m. (Eastern Standard Time) on Dec. 31, 2022.
Make your gift via our secure online giving form.
After Dec. 15th, to avoid mailing or shipping delays and help assure credit card gifts are processed in time to count for 2022 tax purposes, we recommend making gifts online or by telephone.
Questions about making a credit card gift? Email Gift Accounting at givetovt@vt.edu or call 800-533-1144.
Charitable IRA rollover gifts
The popular charitable IRA rollover, also called a qualified charitable distribution (QCD), is available for donors who are 70 1/2 or older. QCD gifts from Individual Retirement Accounts are tax exempt and may be counted toward the donor’s annual required minimum distribution (RMD).
QCD gifts must be transferred directly from the IRA provider to the Virginia Tech Foundation Inc. and meet certain other requirements. Donors should ask their IRA trustee to include their name on the check. It is helpful if the donors will email giftplanning@vt.edu with the source of funds, the amount of the gift, and the area(s) of the university that the gift is intended to support.
Tax situations vary. We encourage you to consult your tax or financial advisor regarding retirement account gifts. Visit our IRA rollovers web page for more information.
Questions about making an IRA gift? Contact the Office of Gift Planning at 800-533-1144, 540-231-2813, or giftplanning@vt.edu.
Gifts of securities (stocks, bonds, mutual funds)
The effective date for a gift of securities for tax purposes depends upon how the gift is delivered. See below for additional information about deadlines for making gifts in 2022.
For all gifts of securities: Please notify the Office of Investments and Debt Management of your intention to make a gift of stock to the Virginia Tech Foundation.
Forms and instructions for gifts of securities are available for download at www.idm.vt.edu under the tab Making Gifts.
The amount of your charitable deduction depends on the value of the securities at the time the gift is complete.
Mutual fund gifts: Start early to determine the fund’s processing time, which varies widely from fund to fund. Some gifts can be completed within days of receiving your instructions; other gifts may take six weeks or longer. A Mutual Fund Gift Form will need to be completed and can be found at www.idm.vt.edu under the tab Making Gifts.
Electronic securities transfer
Complete and return a Stock Gift Processing Form that may be found at www.idm.vt.edu under the tab Making Gifts.
Deadline: Electronic securities transfers from a brokerage account must be received in an account owned by Virginia Tech by 11:59 p.m., on Dec. 30, 2022, to be complete for tax purposes. Important: These gifts are not considered complete upon giving instructions to a broker.
Initiate year-end transfers early. It is wise to allow several weeks for processing. While some transfers may be received within days of initiating a gift of securities, longer delays are possible, especially at year-end.
Hand delivery of securities
Your hand-delivered gift of securities is effective on the date received by Virginia Tech.
Deadline is on or before 4 p.m., on Friday, Dec. 30, 2022.
Address for hand-delivery is below:
Virginia Tech Foundation, Inc.
Office of Investments and Debt Management
Attn: Timothy Hight
902 Prices Fork Road, Suite 2400 (0455)
Blacksburg, VA 24061
U.S. Postal Service delivery of securities
Gifts of securities mailed via USPS are effective as of the postmark date. If you mail the stock certificates and related paperwork in two envelopes (see below) the later of the two postmarks is considered the gift date so both postmarks must be on or before Dec. 31, 2022.
It is safest to sign a stock power and not sign the actual stock certificate(s). So, instead of signing the actual stock certificate, obtain a medallion signature guarantee on a stock power and mail the stock power and a letter of authorization together in one envelope. The unendorsed stock certificate should be mailed in a separate envelope. Your gift will be effective as of the later of the two postmark dates. For sample forms and step-by-step instructions, visit www.idm.vt.edu under the tab Making Gifts.
Deadline: Latest postmark on materials mailed via USPS must be on or before Dec. 31, 2022.
Mail to the Office of Investments and Debt Management at the address below.
Shipping services (FedEx, UPS, or other shipping service) delivery of securities
Virginia Tech considers your gift of securities sent by a private shipping company such as FedEx or UPS to be effective when received at Virginia Tech.
Deadline: Your gift must be received at Virginia Tech by 4 p.m., on Dec. 30, 2022.
Ship to the Office of Investments and Debt Management at the address below. Allow extra time for shipping during December.
The address for hand delivery, mailing, or shipping your gift of securities:
Office of Investments and Debt Management
Virginia Tech Foundation Inc. (0455)
University Gateway Center, Suite 2400
902 Prices Fork Road
Blacksburg, VA 24061
Questions about gifts of securities? Contact Russ Ingle by telephone to 540-231-9462 or email stockgifts@vtf.org.
Gifts of real estate
The date that gifts of real estate are considered complete will depend on where the property is located.
Begin as early as possible if you wish to complete a real estate gift within a certain time frame for tax purposes. It often takes 30 days or more to determine whether a gift of real estate can be accepted by the Virginia Tech Foundation Inc.
Questions about gifts of real estate? Call the Office of Gift Planning at 800-533-1144 or 540-231-2813, or email giftplanning@vt.edu.