The satisfaction of giving comes in knowing that you are investing in the lives of individuals who will benefit each and every day from Zane State College’s excellent education, training, and services provided to the region.
The following information may be helpful as you consider the various ways in which you can support the students at Zane State College and how you may benefit from the tax advantages associated with certain types of charitable gifts. Please contact the Foundation Office at 740.588.1205 or firstname.lastname@example.org if you have questions or want to receive additional information.
Cash and Gift Pledge
Gifts of outright cash, personal checks, or credit/debit card transactions are the simplest and easiest gift you can make. We also welcome your gift through a pledge which allows you to complete your gift by making regular payments over time, allowing you to give more generously than you originally may have considered. (Future cash pledges should be made either in writing or by means of a pledge card. Pledges cannot be claimed until the gift is made.)
An easy way to double or even triple your donation is to find out if your employer (or spouse’s employer) matches employee donations to qualified nonprofit organizations like the Zane State College Foundation. More than 1,400 businesses nationwide match the contributions of their employees.
Stocks and Bonds
Appreciated securities, stocks, and bonds can provide considerable tax advantages if transferred to the Zane State College Foundation before they are sold. If you have held your securities for more than one year, you may find that your gift will provide a twofold tax benefit, creating an income tax deduction as well as helping to avoid the capital gains tax. Contact the Zane State College Foundation for information about giving these types of securities.
Gifts of personal residences, second homes, income property, vacant land, and commercial or agricultural property to the Zane State College Foundation can offer a wide variety of tax and other benefits. The value of the donation is determined by an appraisal of the fair market value at the time of transfer of ownership. We recommend that you contact us during the early stages of your planning so we can jointly decide the best use of your property by the Foundation.
A corporation is permitted to make and deduct philanthropic investments of up to 10% of its taxable income. Excess contributions may carry over to the next five tax years.
You must obtain an appraisal for any noncash contribution which exceeds $5,000. The appraisal summary section of IRS Form 8283 must be completed and attached to your income tax return on which the deduction is claimed. No appraisal is required for a gift of publicly-traded securities for which market quotations are readily available on an established securities market.
Your will can include gifts to the Foundation in the form of cash, stocks, bonds, real estate, or personal property. You may specify a percentage of your estate or the balance of your estate after family members have been taken care of.
Talk with your life insurance agent about the types of insurance gifts that can benefit you and Zane State College in many ways. You can make a substantial gift with modest premium payments or it is a good use of paid-up policies that are no longer needed for family members.
Naming Zane State College Foundation as a beneficiary of a portion of your retirement funds is another option. Be sure to contact the administrator or person in charge of your IRA, profit-sharing account, or other retirement plan to list the Zane State College Foundation. The IRA Qualified Charitable Distributions law allows tax-free treatment for up to $100,000 of qualified distributions from individual retirement accounts owned by individuals age 70 ½ and older when the money is donated to charity.
Your gift will be used specifically for the purpose(s) they were given and treated with the utmost care and confidentiality per your instructions.
All gifts to the College qualify for appropriate levels of recognition from the Zane State College Foundation.
Where to Direct Your Gift
The Zane State College Foundation is the official recipient for all gifts to the College. Zane State College Foundation’s tax ID number is 31-1106338. Please contact the Foundation Office at 740.588.1205 or email@example.com if you have questions or want to receive additional information.
This information is not offered as financial or legal advice. Please consult your financial or legal advisors for guidance on the best method of charitable giving and potential tax consequences for you, your family, and/or business.