Gifts to Hannibal-LaGrange University are tax-deductible and can be made in any of the following ways.
Cash Gifts and Pledges
Cash gifts and pledges can be made by check, cash or credit card and can be designated to the area you most want to help.
Cash gifts and pledges are tax deductible for up to 50% of your adjusted gross income in any one tax year. Generally, the higher your tax rate, the greater your savings. Pledging campaign gifts over a three to five-year period may allow you to give more than is possible with a one-time cash gift. Pledges are deductible in the year of payment. If you would like to mail in your check or pledge, gifts may be mailed to:
2800 Palmyra Road
Hannibal, MO 63401
If you would like to donate over the phone, please give us a call at 573-629-3124.
Be sure to ask if your employer participates in a matching gifts program. Your gift to HLGU could be multiplied!
Step 2: Obtain a matching gift form from your human resources department.
Step 3: Complete the form and send it to:
Hannibal-LaGrange University Institutional Advancement Office 2800 Palmyra Road Hannibal, MO 63401 Please contact us if you have any questions at 573-629-3120.
This is all the information HLGU needs for you to easily donate.
Planned Gifts, Life Insurance and Stock, or Real Estate
Please contact the institutional advancement office via email at firstname.lastname@example.org or by phone at 573-629-3124. The IA staff is available by appointment to provide information regarding giving possibilities.
Planned gifts can be given through gift annuities, charitable remainder trusts, charitable lead trusts, retirement plans and wills. The Hannibal-LaGrange Steeple Society recognizes individuals who have made the decision to include HLGU in their estate planning.
Gifts of paid life insurance policies may allow income deductions for roughly the net cash surrender value of the policy. Generating a new policy with the college as the owner and beneficiary provides a tax deduction for the premiums in the year(s) they are paid.
Marketable securities may be assigned directly to the University or transferred through your broker. The amount of your contribution is the fair market value on the day of the transfer. A gift of securities avoids a capital gains tax and is an excellent vehicle for making substantial gift or payment on a pledge.
An often overlooked opportunity for charitable giving is real estate. While all gifts of real estate must be approved in advance by the Office of Institutional Advancement, a gift of property allows you to use assets that may offer you little or no current benefit to generate a tax deduction. You may even elect to give a residence, farm, or vacation home, reserving the right to occupy the property for as long as you or your spouse live. If the gift is irrevocable, you may qualify for an immediate tax deduction for the present value of the remainder interest in the property.
Non-cash gifts such as furniture, vehicles, equipment and grain are another way you can support Hannibal-LaGrange University.
These non-cash gifts may be tax deductible, even though the University cannot issue a tax-deductible receipt for these by IRS rules. A gift acknowledgement letter that you can take to your tax preparer will be sent listing the items given and the value you place on the gift. Please call 573-629-3124 for questions or to verify that we can receive your gift.