To Make A Gift Now
No gift to the NIACC Foundation is too small. All contributions from
individuals, corporations, and foundations are welcomed and greatly appreciated.
Cash Gifts
The advantage of this method is that the actual cost of the gift (to you) is
less than the total dollar amount given to the NIACC Foundation. You can deduct
up to 50 percent of your adjusted gross income in the year you make the gift.
Any excess over 50 percent can be deducted over the next five years. (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.)
Stocks and Bonds
Current market conditions have created ideal giving opportunities for these
appreciated assets. If you held the asset more than one year, you can deduct its
fair market value up to 30 percent of your adjusted gross income and owe no
capital gains taxes from its transfer to the NIACC Foundation. To transfer stock
to the NIACC Foundation, a temporary NIACC Foundation account needs to be set up
using the NIACC Foundation’s tax identification number (contact the NIACC
Foundation Office for this number). The stock is then transferred from your
account into the new NIACC Foundation account. As soon as NIACC is notified
about the stock transfer, the stock is immediately sold.
Real Estate
You can give private, commercial, or agricultural property to the NIACC
Foundation. If your property has decreased in value, you should consider selling
it and contributing the proceeds to receive both capital loss and charitable
gift deductions. We prefer that you contact us during the early stages of your
planning so we can jointly decide the best use of the property by the
Foundation.
Grain/Livestock
Gifts of corn, soybeans, cattle, or hogs are viable options for those
involved in agriculture and can provide significant tax benefits.
Equipment
The Foundation accepts equipment that can be of some use by the College or
can be quickly sold. It is best to contact the Foundation Office to discuss
potential equipment before making such a gift. You also must obtain an appraisal
for equipment contributions over $5000.
Personal Property
Works of art, books, vehicles, etc. are considered gifts of personal
property. Your deduction will depend on the appraised value and how the gift
will be used by the Foundation or the College.
Make an online donation now.
Contact the Foundation Staff to make a gift
now.
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