Mastering the Business of Innovation
Purdue University Krannert School of Management was founded in 1962 through the vision and monetary gifts of Herman C. Krannert and Ellnora Decker Krannert.
With the help of Krannert alumni, friends, and corporate and foundation supporters, we will produce the next generation of business leaders. We will support our faculty with the resources they need to be pioneers in their fields. Now is the time. Together we can take the Krannert School to new heights.
Read more about how Krannert got its start and learn about its founders, Herman and Ellnora Krannert, here.
The Tax Cuts and Jobs Act of 2017 and its impact on your gift to the Krannert School of Management:
*The following is for informational purposes only and should not be considered legal, tax or financial advice. Please consult with your own financial planning professionals in connection with gift matters.
- The charitable deduction remains largely unchanged and is enhanced for some donors making larger gifts. The annual Adjusted Gross Income (AGI) limitation for cash gifts was raised from 50 to 60%, and remains unchanged at 30% for gifts of appreciate property.
- Gifts of noncash assets to charity will continue to have a charitable deduction at the fair market value of the asset at the time it is given to charity.
- There is no change to the IRA rollover, and those age 70 ½ and older can continue to make gifts directly from their IRA to Krannert, up to $100,000 per year, without being subject to income tax on the gift. These gifts will also qualify toward the required minimum distribution (RMD).
- The estate tax exemption has been doubled to $11.2 million for an individual and to $22.4 million for a couple. The vast majority of Americans (an estimated 99.9%) will continue to be exempt from paying estate tax on gifts left to heirs.
- Your gift will make a difference today by helping us produce the next generation of business leaders.