Ways to Give
The best invested dollars are the one's that are invested in changing the life of a young person. The returns are forever, both social and financial. When you make a gift to the Thaddeus Stevens College of Technology through the Thaddeus Stevens Foundation you're not only supporting the finest two-year technical college in Pennsylvania, you're supporting a 100-year tradition of success.
The Thaddeus Stevens Foundation is a 501(c)(3) non-profit organization. All gifts to the Foundation are tax deductible and a charitable gift receipt will be issued to you for your donation. Ways to make a supporting gift that makes a difference are highlighted below.
Making a cash gift, through a check or authorizing a charge on a credit card this is the easiest way to support the college. You can also make a pledge which may be paid in installments throughout the year. Checks should be made payable to Thaddeus Stevens Foundation and are tax deductible.
Your gift can be designated for a specific area of interest or for the general purpose of the college. Find out how Stevens College can best put your gift to work strengthening the college's operations, scholarships, student life, matching grants, capital improvements, student life, faculty and staff development, library, technology, curriculum development, and much more.
Sometimes your personal donation can also be matched by your company through a matching Gift Program. This doubles or triples the value of your gift to the College. Matching Gift forms are usually available though your company's Human Resource Department. Retires and spouses are often eligible for gift matching as well.
Non-cash gifts are a valuable resource to the college. Such gifts offset financial resources that can be applied elsewhere in the college operations. Stevens College partners with companies who are interested in putting their new state of the art equipment in our labs, so our students become familiar and trained on the equipment prior to entering the workforce. Other opportunities include providing materials and supplies needed for the various programs. It is always a good idea to contact the Development Office to determine that the gift would be useful to the school.
Stock that has increased in value is one of the most popular assets used in charitable giving. To qualify as a tax deductible gift you must own the securities a minimum of one at least one year. In addition to receiving an income tax deduction equal to the fair market value of the stock on the effective day of the transfer, you will avoid paying capital-gains taxes on the appreciation.
Individual Retirement Accounts (IRAs)
The IRA Charitable Rollover has been extended by Congress through December 31, 2009. As a donor you may transfer (roll them over) from your individual Retirement Account to a charitable organization like the Thaddeus Stevens Foundation. This allows you to make this gift exempt form taxable income.
- The donor must be 70 ½ or older
- The cap on the rollover is $100,000 per person
- The gift must be a direct gift to the Thaddeus Stevens Foundation (not carried through as a planned gift)
Retirement Plan Assets
Your future will revolve around the retirement plan assets that you develop. To maximize the value of a retirement account, consider making a lifetime gift of your retirement plans after-tax values to a tax-exempt deferred giving plan.
Savings Bonds represent major assets that may have stopped growing and are now forgotten in a bank box and waiting to be used for a good purpose. Why not put it to work as a gift to the Thaddeus Stevens Foundation!
Using real estate, such as your house, a vacation or rental home, a vacant lot, a farm or commercial property, to fund a gift to the college allows you to preserve your cash assets, receive significant tax and income advantages, and make a larger charitable gift than anticipated. For large gifts to the college there numerous naming opportunities in facilities, and endowments that would establish a family legacy.
Make a gift of remainder interest in your current home, receive sizable tax benefits no and continue living in your home for the rest of your life.
By naming the Thaddeus Stevens Foundation as the beneficiary of a life insurance policy, you can also fulfill your desire to support our educational mission. An alternative is to make the Foundation both owner and sole beneficiary, providing a tax deduction for the donor for the policy's cash surrender value.
The bequest, or will, is one of the simplest types of estate gifts that can be given. This type of gift will have a direct impact on the students and programs of the College, while having no impact on your current assets. A gift in the future, planned for and discussed today, ensures that the Foundation can carry out your intentions. By designating the Foundation as one of your beneficiaries, either through a specific dollar amount, you may restrict you gift for a purpose or allow it to be used for an unrestricted endowment purpose.
Honoring a loved one through a charitable gift is an especially meaningful way of paying tribute to someone special. When you want to express condolences or congratulations you may wish to consider a tribute gift to the Thaddeus Stevens Foundation.
Tribute gifts may commemorate a special event in your family's life - a birthday, anniversary, wedding, or retirement. It is also an appropriate memorial for someone who passed away and you want to leave a legacy in their honor.
Your tribute gift will be acknowledged to the person or family that you designate at the time of your gift. They will receive a card with the name of the person who is honored or memorialized, identifying you as the donor. The amount of the donation is not revealed to the honoree or the family. You will receive an acknowledgement for your tax-deductible contribution.
Charitable Gift Annuities
Creating a Charitable Gift Annuity (CGA) through the Thaddeus Stevens Foundation permits you to take a current charitable deduction based upon a percentage of the gift you make and then provides you with consistent income for a specific percentage amount. This is not only another way to support the college but also a significant way to plan for your retirement income. Annuities provide attractive rates on an investment. At the death assets will go to the Foundation.
Charitable Remainder Trust
A charitable Trust is created when assets are transferred to a trust and payments are received for a period of years or for the individuals' lives. Once you have made your gift, the trust pays you income for the rest of your life, or the life of another if your desire.. When you contribute assets to a trust, you determine what percentage of the trust's fair market value you would like to receive as income.
There are several options in establishing a trust:
- Annuity Trust (CRAT); payment amount as are agreed upon at the time the trust is created and do not vary from year to year. Upon death of the last beneficiary, or at the end of the term of the years, the trust terminates and the trust assets are transferred to the Foundation.
- Uni-trust (CRUT): trust assets are valued annually and an agreed upon percentage payment is calculated. Upon death of the last beneficiary, or at the end of the terms of years, the trust terminates and the trust assets are transferred to the Foundation.
- Lead Trust (CLT): the donor creates a trust which pays an income to the Foundation for a period of time the assets are passed to family members.
New Contributions: Effective December 1, 2014, Thaddeus Stevens Foundation shall have the right to charge a one-time fee against endowment and special purpose gifts (3% of gift value), in order to cover donation handling and fund establishment expenses as well as maintenance costs.
Annual Fund Administration Fee: Thaddeus Stevens Foundation shall have the right to charge a reasonable annual administration fee against its endowment and special purpose funds, in order to cover management and operating expenses, in such amount as shall be approved each year by the Board of Directors of the Thaddeus Stevens Foundation. The current annual fee is 0.5%.
Make a gift
Use one of the above designations when making your gift.