If you intend to make a gift to Tusculum College before the end of the tax year, the Office of Institutional Advancement would like to remind you of a few things to keep in mind.
Online giving is both easy and efficient. However, for your gift to be accepted as a 2008 calendar year gift, please submit your online gift no later than 3:00 p.m. Eastern time, on Monday, December 31, 2008. Because IRS laws dictate that gifts must be in our control by December 31st for same-year tax credit, provisions will be made to ensure that on-line gifts are processed on the day they are received. Gifts made after 3:00 p.m. on December 31st will be posted to your record as of January 1, 2009. Online gifts can be made with VISA, MasterCard or Discover Card (Tusculum College does not accept American Express) at http://www.tusculum.edu/giving.
If you are sending your gift through the United States Postal Service, it will need to be postmarked no later than December 31, 2008. We do not suggest using Federal Express or UPS since gifts that come from these carriers are not considered in our control until we actually receive them, whereas a postmark on US Post is the point where the IRS considers a gift in the recipient’s control.
If you have any questions or concerns regarding your gift to the College or this communication, please call the Office of Institutional Advancement at 423-636-7303.