Giving FAQs
Give
Giving FAQs
Have questions about supporting Mount Vernon Nazarene University? This FAQ section provides clear and concise answers about how your generosity impacts our students, programs, and campus community. Explore the ways you can make a difference today!
Yes, please call us at 740-397-9000 ext. 4134, and we can enter your credit card information into our secure giving portal.
Yes, you can give by mail by filling out this form.
See our stock gift tool from FreeWill at: https://www.freewill.com/stocks/mvnu for instructions and to learn more about the benefits of giving appreciated long-term securities.
Questions? Contact John Mohnasky, Director of Development, at 740-397-9000 ext. 4134.
Yes! Please get in touch with John Mohnasky at 740-397-9000 ext. 4134 for details.
A gift to the MVNU Fund impacts students directly in a variety of ways:
-
- Providing tuition assistance to those in need
- Enhancing the quality of classroom and lab experiences
- Increasing the availability of service learning trips
- Supporting extra-curricular involvement … and so much more!
Yes, whether you give through the mail or online you will receive a receipt noting that your gift is tax deductible.
A scholarship is given immediately to a student(s) who meets any specified criteria.
An endowment requires a minimum gift of $15,000, and then the earnings will be given to a student(s) each year. This will greatly assist the university with ongoing financial stability.
Please visit our Endowments page for more information.
To see the most up-to-date information about Giving Day, view the Giving Day webpage.
Assume: Donor wants to give $10,000 and typically writes a check. She also has some stock (or bonds or other securities) she bought 7 years ago for $1,000 that is now worth $10,000. She likes the stock and thinks it will continue to appreciate. What is the smarter way to give, cash or stock?
| Gift of Cash | Gift of Stock | |
| Gift
|
$10,000 | $10,000 |
| Income tax savings in 20% tax bracket — charitable deduction
|
($2,000) | ($2,000) |
| Capital gains tax avoided (15% of $9,000 gain)
|
($1,350) | |
| After-tax cost of gift | $8,000 | $6,650 |
Hint: If she thinks the stock will continue to go up in value and wants it in her portfolio, she could use the cash to buy it at the current price and lock in a new, higher basis (tax cost). When she eventually sells the stock, only the gain from this point on will be subject to the capital gains tax.
What if the stock is worth less than she paid for it, should she give it to MVNU?
Answer: No. Her deduction would be limited to the fair market value on the date of the gift. She should instead sell the stock and use the loss to offset other gains on her income tax return.
Trick question: What if she bought the stock in January for $1,000, and now in October it is worth $10,000, should she give it to MVNU?
Answer: It would be better to give some stock that has been held for more than a year. While MVNU would receive $10,000 either way, if she gives stock held for less than a year, her deduction is limited to her cost, or in this case, $1,000.
Bonus Savings: If she is on Medicare, giving stock instead of selling it could help keep her income lower and avoid the income-related monthly adjustment amount (IRMAA), a Medicare surcharge.
How do I make a gift of stock? Isn’t it hard to make a gift of securities?
Answer: No. It’s done all the time. MVNU has made it easy for you. Check out our stock-gift tool!