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Gifts and Charitable Donations InstructionsElectronic Transfer Securities held in account with bank/broker:1) Inform the West Virginia State University Foundation of your intention to transfer securities
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Gifts and charitable donations refer to voluntary transfers of money or property made to individuals or organizations for charitable purposes.
Individuals and organizations who receive gifts or charitable donations above a certain threshold are required to report them to the IRS.
Gifts and charitable donations can be reported using IRS Form 8283 for noncash contributions and Schedule A for cash contributions.
The purpose of gifts and charitable donations is to support charitable causes, help those in need, and make a positive impact in the community.
Donors must provide details such as the value of the gift, the recipient's information, and the date the gift was made.
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