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Securing the Future:Ways to Make a Gift Now Penn States Office of Gift Planning can help you design a gift that will help you achieve your financial and philanthropic goals. Strategic Ways to Make Your

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What is gift now?

A gift now is a present or transfer of property made during someone's lifetime with no expectation of anything in return.

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Individuals who make gifts above a certain threshold in a calendar year are required to file a gift tax return.

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The purpose of a gift now is to transfer wealth to another individual without incurring gift taxes.

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The value of the gift, the relationship between the donor and the recipient, and any deductions or exemptions used.

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