Built on Generosity
At Olin College of Engineering, we honor philanthropy as a virtue. Olin owes its existence to the foresight of Franklin W. Olin and the generosity of the F.W. Olin Foundation. We know that the greater Olin network of partners, parents, friends, family, faculty and staff are committed to the continuing upward and outward growth of Olin and what the school represents.
We welcome those interested in contributing to Olin to review the methods of giving listed below. And we thank you for your investment in Olin.
Tax-Wise Giving for 2020
As the Calendar year comes to a close, there are many ways you can make gifts to Olin that are both smart and impactful.
Holding a bunch of appreciated securities? Transfer the stock to Olin and avoid the capital gains tax. Just donate your shares following these simple steps: Please be sure to make the transfer by December 28 at the latest. Olin’s brokerage account must receive all stock transfers by December 31 for them to qualify as a 2020 charitable donation. Click here for the stock transfer instructions.
Donor Advised Funds:
We are grateful to the donors who make their contributions to Olin through their donor advised funds. Please be sure to file your grant request by December 29, 2020.
$300 Tax Relief Thanks for the CARES Act
Earlier this year, the CARES Act was created to provide more coronavirus relief. The CARES Act has instituted a provision allowing people to deduct $300 for charitable contributions. If you are married and filing jointly, your deduction is still limited to $300. Taxpayers can take this universal deduction no matter whether they itemize or take the standard deduction on their taxes.
What you need to know with the CARES Act:
If you donate up to $300 to Olin, a qualified organization, your adjusted gross income will be reduced up to $300. Also, you won’t need to include documentation when you file gifts $250 and under — just be sure to keep proof of cash receipts. All gifts exceeding $250 need to include the receipt or proper documentation when filing.
Credit Card Online:
Making a donation to Olin College online, by credit card, is simple and safe. Olin accepts gifts via Master Card, Visa, and American Express through our secure server. All credit cards must be issued by a United States bank. Make a one-time gift now or set up a recurring gift on a monthly or annual basis. Alternatively, make a pledge today and give during the time that best works for you.
By Mail / Check By Mail:
To make a contribution by mail, please send a check or money order payable to “Olin College of Engineering” to the address below. Donors may indicate a designation for their gift on the check’s memo line or in an accompanying note.
Please send checks to:
Olin College of Engineering
1000 Olin Way
Needham, MA 02492-1200
Making a donation of stock to Olin is an easy and straightforward process. Here are stock transfer instructions you can follow to make a gift today. Please email Shannon Paleologos, call her at 781-292-2293 with any questions.
Gifts-in-kind are non-cash donations of materials or other assets. We do ask that gift-in-kind donors contact the Olin development office when planning their donation. This allows a representative of the school to ensure that we can approve the gift. Those wishing to donate a gift-in-kind to Olin College are invited to email Shannon Paleologos, or call her at 781-292-2293.
Those wishing to make an endowment gift to Olin College are invited to email Shannon Paleologos, or call her at 781-292-2293.
There are many ways to create your own legacy at Olin by making a planned gift. Legacy gifts include bequests, charitable gift annuities, donations of retirement plan assets, and the inclusion of Olin College in your will. For more information on planned giving, please email Beth Kramer, or call her at 781-292-2293.
Qualified Charitable Distribution (QCD) or IRA Charitable Rollover
A person who is 70 1/2 or older, and owns a traditional IRA, but does not need all or part of the required minimum distribution, can make tax-free IRA contributions directly to qualified public charities, such as Olin College. Read more information here.
Online Bill Pay Service
Donors who wish to use their bank’s online bill pay service to make a donation to Olin are invited to read this document for instructions on how to do so.
Employer Matching Gift
Many companies support gifts to higher education institutions like Olin by matching them with a gift of their own. This is a simple and “painless” way for donors to increase the size of their gifts, which, in turn, has a significant effect on the gift’s impact. We encourage interested donors to check with their employers regarding their participation in charitable gift matching—or search online for participating companies.