Colorado School of Mines

Frequently Asked Questions

What types of gifts can I make?

Frequently Asked QuestionsCash:

Cash gifts are easy to make and are subject to a full charitable income tax deduction.

Credit Cards:

Credit cards are a quick and easy way to make your contribution.

Mines is pleased to accept Visa, Mastercard
and American Express.

Securities:

Given the current market conditions, this can be an extremely advantageous way to give.

When securities are given to CSM outright, the donor's itemized charitable deduction is the fair market value of the securities, not the original cost basis.

Such gifts help eliminate capital gains tax liability and provide income tax savings.

Bequests:

A donor may make Mines the beneficiary of a specific amount, property, or a percentage of the total estate.

By naming the School in a will, the donor may save on inheritance and estate taxes and help ensure a stronger future for the School.

Charitable Remainder Trust:

A charitable remainder trust, managed by a trustee of the donor's choice, is an excellent way to use appreciated property, cash, or securities to provide a dependable lifelong income.

The trust pays an annual stipend to the donor and/or beneficiary, while the donor secures an immediate charitable income tax deduction and avoids capital gains taxes.

After the donor's death, the annual income from the corpus benefits a designated academic program (or programs) in a fund named for the donor.

Note: There are other types of trust arrangements available, such as a charitable lead trust, a pooled income fund and a gift of remainder interest. We can help you and your financial advisers explore a variety of options.

Gifts in Kind and Other Real Property:

Computer equipment, books, and other real property can be donated to the School.

Contact the Office of Institutional Advancement to find out about appraisals and other gift-in-kind information.

A donor may receive a double tax benefit from a gift to Mines of securities, real-estate, or other property that has appreciated in value.

The full value of the property is generally deductible, and the donor does not pay capital gains tax on the appreciation.

For additional information please see:

  Ways to Give
  Plan your gift and maximize your tax benefits.

Menu