Gifts of cash are available for immediate use by the College and are usually fully deductible for donors who itemize deductions. Checks should be made payable to Springfield College. The College also accepts payment by all major credit cards. Direct debit from a checking or savings account is available, too.
Gifts of Stock and Mutual Fund Shares
Gifts of appreciated stock and mutual fund shares may be deducted at fair market value on the date of transfer to the College. For this option, be sure to contact the Office of Development, as contacting your broker alone may not ensure correct crediting of the gift to the College in your name. Download our stock fund gift form.
Retirement plan assets are potentially the most tax burdened assets that one may own, often subject to both income and estate tax. There are several ways to gift these assets and escape tax liabilities.
Many businesses and corporations match the personal gifts to educational institutions made by employees, retirees, and their family members. Contact your company's personnel office for more information, or click here and search our online gift clearinghouse.
Bequests, life insurance, retirement plans, gift annuities, charitable remainder trusts, and charitable lead trusts are examples of some planned giving vehicles. By giving such gifts, you contribute to the College and, in some instances, increase your annual income, enjoy a tax deduction, and reduce taxes on your capital gains. For additional information, visit Springfield College's Planned Gifts page. Download our sample bequest wording document.
Gifts of real estate can be made to the College outright, transferred to the College in a bargain sale, or used to fund a gift annuity or a unitrust. You can also contribute real estate to the College and reserve the right to occupy the property during your lifetime. Each plan has its own tax on income benefits.
A gift of capital assets (art objects, rare books, antiques, equipment, etc.) can be given to the College for educational purposes, or can be sold by the donor for the immediate benefit of the College.
Pledges provide a vehicle for making a commitment over a period of time based on an agreed-upon payment schedule. Reminders of your pledge will be sent to you periodically.