Outright Gifts
The most common form in which Lawrence receives contributions, and the
one most helpful to the college, is the simple outright gift of cash or
securities. In general, an outright gift qualifies for an immediate
income tax deduction for the full fair market value of the property
contributed, subject to allowable contribution ceilings (about which see
below). In the case of gifts of appreciated securities held for more
than one year, the donor will entirely avoid capital gains taxes on the
contributed property.
