Tax Information

Enjoy Tax Savings

As you consider your charitable gifts between now and the end of the year, remember that gifts made now can generate income tax deductions that could help reduce your income tax bill. The amount you save depends on tax rates and the portion of your gifts you are allowed to deduct. Only gifts made by December 31 can help reduce the amount of taxes you will owe next April.

CHECKS

All gifts made by check must be postmarked by the U.S. Postal Service by December 31 to qualify for tax credit.

CREDIT CARD

Credit card gifts made online must be received by 11:59:59 p.m. (CST) on December 31 for tax credit. IRS regulations mark the official date of your gift as the date the transaction is completed, which is noted on your final confirmation. Credit card gifts received after 11:59:59 p.m. (CST) on December 31, cannot be credited to the tax year. Please click here to make your gift.

To make a credit card contribution by telephone, please call (337) 421-6903 before Noon on December 20, or call (337) 302-3227 thereafter to ensure timely processing of your gift.

STOCK CERTIFICATE

The gift to the SOWELA Foundation of a properly endorsed stock certificate is completed on the date of mailing or other delivery to the Foundation or to its agent, Morgan Stanley Wealth Management. However, if you give a stock certificate to your agent or to the issuing corporation for transfer to the SOWELA Foundation, your gift is not completed until the date the stock is transferred on the books of the corporation. To make a gift of securities contact:

Morgan Stanley Wealth Management
1450 William Street, 3rd Floor
Lake Charles, LA 70601
Phone: (337) 475-0191
RJ Account #: 862014517
DTC#: 0015
Tax ID#: 58-1973743

Please be advised that the date on your receipt from the SOWELA Foundation reflects when the College received your gift and does not imply the date the gift was made. To determine the tax consequences of your gift, please consult your tax advisor.