Year End Giving

  1. Giving
  2. Year End Giving

Making Your Year-End Gift to Chicago-Kent

The end of the calendar year is a time when many people make charitable gifts and take advantage of the tax benefits for doing so. A gift before December 31 can benefit you by reducing your income taxes while providing meaningful support to Chicago-Kent College of Law. Please take a moment to review important deadlines and tips on making your gift below.

Important Year-End Deadlines

  • Checks by mail (U.S. Postal Service) must be postmarked by December 31
  • Checks by private carrier (UPS, FedEx, etc.) must be received by December 31
  • Credit card gifts made online at https://kentlaw.iit.edu/law/giving/givenow must be completed by 11:59 p.m. Central Standard Time (CST) on December 31
  • Credit card gifts by phone or mail must be received by 5 p.m. (CST) on December 31

Ways to Make your gift by December 31

ONLINE

  • A current year tax receipt will be issued for online gifts submitted by 11:59 p.m. (CST) on December 31
  • Gifts made online after 11:59 p.m. (CST) will be issued a tax receipt for the following year
  • Make your gift online at https://kentlaw.iit.edu/law/giving/givenow

PHONED-IN CREDIT CARD GIFTS

  • To make a credit card gift over the phone, please call 312.567.5000 or 800.448.2586 by 5 p.m. (CST) on December 24, in order to ensure timely processing and tax deduction eligibility.
  • After December 24 at 5 p.m. (CST), please make your gift online at https://kentlaw.iit.edu/law/giving/givenow.

MAILED-IN CREDIT CARD GIFTS

  • IRS regulations consider a credit card gift as having been made at the moment it is processed. Therefore, mailed-in credit card gifts must be received by December 24 in order to ensure tax deduction eligibility (regardless of the postmark date).
  • If the mailed-in credit card gift is not received by December 24, you will be issued a tax receipt for the following year.
  • After December 24 at 5 p.m. (CST), please make your gift online at https://kentlaw.iit.edu/law/giving/givenow.

CHECK (BY MAIL)

  • Tax receipt will be issued for all checks received by mail postmarked on or before December 31 AND the check is dated on or before December 31.
  • If either the check or the postmark is dated after December 31, a tax receipt for the following year will be issued.
  • To mail a gift, please complete this form and mail your check payable to Chicago-Kent College of Law to the following address:

Chicago-Kent College of Law
Office of Advancement
7565 Solution Center
Chicago, IL 60677-7005

GIFTS OF STOCK & SECURITIES

  • Gifts of appreciated securities are a great way to transmit assets to Illinois Tech as charitable contributions.
  • Please consult your brokerage to confirm the cutoff date by which they will guarantee transfers for the current year. We highly recommend that donors wanting to submit a gift this year try to make their mutual fund or stock transfer requests by December 24. Securities must be received from your brokerage firm with correct documentation by 5 p.m. (CST) on December 31. Please view these transfer instructions will help you make your gift.
  • Illinois Tech Tax ID Number: 36-2170136 
  • View more planned giving options such as gifts from a will or trust, a retirement plan, life insurance, or donor-advised funds.

ELECTRONICALLY TRANSFERRED GIFTS (WIRE OR ACH)

  • Electronic funds transfers (wire or ACH) will be accepted into Illinois Tech's bank account during the closure period.
  • We will issue a tax receipt for gifts received on or before December 31.
  • Wire transfers must be received by 11:59 p.m. (CST) on December 31. 
  • View Wire Transfer instructions.
  • Illinois Tech Tax ID Number: 36-2170136

CHARITABLE IRA ROLLOVER

  • If you are 70½ or older, you can make a charitable gift rollover of up to $100,000 from your IRA, which will qualify as your required minimum distribution (RMD). You will not pay federal income tax on the amount given from your IRA to Illinois Tech. If you wish to make a charitable IRA rollover gift, you must do so by December 31 in order for it to qualify for this year.
  • Please visit iitplannedgiving.org for detailed instructions on how to make this gift and contact Chrissy Brown, assistant dean for advancement at 312.906.5236 or cbrown67@kentlaw.iit.edu.
  • Illinois Tech Tax ID Number: 36-2170136

Contact Us

312.906.5240
Monday–Friday, 8:30 a.m.–5 p.m. (CST)

For non-urgent questions, please email annualgiving@kentlaw.iit.edu, and a member of our team will follow up with you as soon as possible.

Make a Gift

The recently passed tax bill significantly increases the standard deduction beginning in 2018. As a result, fewer people will itemize their tax deductions and fewer still will be in a position to claim the charitable income tax deduction as they have previously.

If you plan to itemize for this year, you may want to consider making a gift this calendar year to realize your full tax benefit. As with all of your charitable decision-making, please consult your tax and financial advisors regarding your specific circumstances.