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Op-Ed: Let’s End this Phenomenal Year Right

by Lori Ann Vinson Summers | Vice President for Institutional Advancement - December 28, 2021

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What a year.

We added our first graduate program (since 1928). We received an outstanding reaffirmation report from SACSCOC, our accreditation body. We defended our place among the best colleges in the South. We launched construction on two incredible new facilities. We added a new sport, hit the ground (and water) running with women's triathlon, and brought home championships in wrestlingcheerdancefootball and esports.

 

This has been a year unlike any other, and we couldn't have done any of it without you. Thank you.

 

As this phenomenal year comes to a close, this is also the last chance to wrap up your tax year and help Newberry College get 2022 off to a great start. Make a gift now.

 

Charitable Tax Benefits through CARES Act

Included in the original CARES Act were key provisions that encouraged individuals and corporations to help nonprofit organizations. As a result of the Consolidated Appropriations Act, several of these provisions were extended or expanded into 2021. They may impact your 2021 charitable tax deductions as described below:

 

  • Up to an $300 above-the-line deduction for charitable donations for those who claim the standard deduction.

  • An expanded $600 max deduction for married couples filing jointly who do not itemize tax deductions.

  • Charitable giving deduction limit increased to 100% of Adjusted Gross Income on cash donations for those who itemize.

  • The AGI limit for corporate contributions has also been increased to 25% of taxable income.

Gifts made by 11:59 p.m. on Friday, Dec. 31, will be included in your 2021 giving.

 

Other ways to support Newberry College

RMDs: Newberry College also accepts required minimum distributions from your retirement accounts. Click here for more information.

 

Stock: To give gifts of stock or other securities to Newberry College, you may need the information below for your broker:

If you have any questions, please don't hesitate to contact me at Institutional.Advancement@newberry.edu or at 803.321.5363.

 

Thank you for making this one of the best years Newberry College has ever seen. Take care, and have a great start to the new year.



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