Rensselaer offices will be closed on Friday, December 24, 2021, and will reopen on Monday, January 3, 2022. Please use the following as a guide to make your year-end gift.

Year-End Giving Tips

Your philanthropic support plays a key role in our ability to provide a world-class education to future generations of Rensselaer alumni and alumnae. As you consider your year-end giving options, here are a few tips to maximize your year-end donation!

CARES Act Extended Provisions: The Consolidated Appropriations Act
Take Advantage Before 12/31/21

To encourage more charitable giving in 2021, the Consolidated Appropriations Act extended two provisions from last year’s CARES Act.

  • Non-itemizer’s Deduction – Single filers can donate up to $300 to charity and reduce their taxable income by the same amount. Married couples filing jointly can donate up to $600 to charity and reduce their taxable income by the same amount.
  • Itemizer’s Deduction 100% AGI Deduction for Cash Gifts – Itemizers can donate up to 100% of their adjusted gross income (AGI) in cash and deduct it on their 2021 tax return.

Donating Long-term Appreciated Securities: The Benefits

  • Costs less because you paid less. No capital gains tax.
  • Itemizers can deduct the fair market value.
  • Eliminate capital gain from your portfolio by repurchasing the security with the cash you would have donated.

Donor Advised Fund Gifts

  • Donor Advised Fund gifts are another year-end gift option.

Qualified Charitable Distribution (QCD) from Your IRA

  • Must be 70 ½ or older.
  • Donate up to a total of $100,000 per year.
  • Must be transferred directly from your IRA to Rensselaer.
  • Does not create taxable income, nor is it tax deductible.

Please note that the content found on this site is general in nature and intended to be used for informational purposes only. It should not be relied upon as legal, tax, accounting or other professional advice.

Gifts of cash (money order) or personal check are generally tax deductible up to 50% of the donor’s adjusted gross income. Any excess can be carried over for five years.

Send your gift to Rensselaer via secure lockbox:

Rensselaer Polytechnic Institute
Gifts Processing Center
P.O. Box 3164
Boston, MA 02241-3164 

For information about giving stock and securities click here

For information about all our giving options please visit our How to Give page.

Note: If you’d like to make a gift in honor or memoriam, please indicate the name of the person on the memo line in your check, or on the online form. You may also email us and let us know a recent gift is in honor or memoriam.

For your year-end contribution to be credited for the 2021 tax year, please make your gift on or before December 31, 2021.

Yes, a representative will be available via phone (518) 276-6055 and email to answer questions. Please leave a message at the phone number or email listed and we will return your message and someone will connect with you.