Foundation - Giving Options

 

About the Foundation
Giving Options
Donor Recognition
Foundation Events
Online Gift Pledge
Scholarships
Financial contributions to NCK Technical College's Endowment Association may be tax deductible or qualify for additional tax breaks.

Please contact your accountant or financial advisor for details

Watch your financial gift benefit countless others through enhanced technical education and hands-on learning. Your contribution will allow NCK Technical College to continue maintaining superior technical education and develop new programs to meet changing needs of our world.

Your contribution can memorialize someone extraordinary or imprint your own legacy for something very special. NCK Technical College has benefited by the generosity of many who have left a lasting impression.
 

TYPE OF GIFT

YOUR GOAL

HOW IT WORKS

YOUR BENEFITS

Bequest

• Maintain control of your assets during life

• Make a gift to charity at your death

You designate NCK Tech Foundation as the beneficiary of your asset by will, trust or other instrument.

• Estate tax charitable deduction
• Life use and ownership of your
property

Charitable Gift Annuity

• Receive fixed income for life

• Avoid capital gains tax on the sale of your appreciated property

• Enjoy the benefit of tax savings from a charitable deduction

You transfer your cash or appreciated property to NCK Tech Foundation in
exchange for our promise to pay you fixed income (with rates based on your age) for the rest of your life.

• Charitable tax deduction
• Fixed income for life
• Partial bypass of capital gain
• Possible tax-free payments

Charitable Remainder
Trust (CRT)

• Transfer your appreciated property without paying capital gains tax

• Enjoy regular income for life or a term of years

• Receive the benefit of tax savings from a charitable deduction

You transfer your cash or appreciated property to fund a charitable trust. The trust sells your property tax-free and provides you with income for life or a term of years.

• Charitable tax deduction

• Income for life or a term of years

• Possible income growth over time

• Avoidance of capital gains tax

Charitable Lead
Trust (CLT)

• Give cash or property to your family in the future

• Avoid substantial gift or estate tax

You transfer your cash or property to fund a lead trust that makes a gift to us for a number of years. You receive a charitable deduction for the gift. Your family receives the remainder at substantial tax savings.

• Gift or estate tax deduction

• Asset and appreciation passes to family at a reduced cost

Life Estate Reserved

• Remain in your home for life

• Receive a charitable income tax deduction

You give your property to NCK Tech Foundation but retain the right to use the property during your life.

• Charitable tax deduction

• Lifetime use of property

Bargain Sale

• Transfer your property and receive cash or debt relief without paying substantial taxes

We purchase your property for less than fair market value. You receive the cash and a charitable deduction for the difference between the market value and purchase price.

• Cash from sale

• Charitable tax deduction

• Partial bypass