Welcome to the Central Ohio Technical College Development Office Web Page. Our donors have a tremendous impact on the quality of our programs, teaching and facilities. The campus has a history of community and alumni support, which has been a great factor in its growth and development. Our students are our greatest assets and your gifts enable the campus to improve the quality of our student's experience.
New IRA Charitable Distribution Legislation:
As part of HR 8 that passed the House of Representatives on January 1, 2013, Congress extended the provision that allows for tax-favored Charitable Distributions from IRAs. Keep in mind that the rules must be followed strictly:
- 1. Distributions under this provision are limited to $100,000 per year.
- 2. The distribution must go directly from the IRA to the qualified charity(ies). It may not pass through the donor’s hands!
- a. The exception to this: If the donor made a cash contribution to a charity in December 2012 only, he may count it as an IRA Charitable Distribution up to the amount he received from his IRA and below the $100,000 limit.
- b. Under that exception, it is thus not counted as regular income.
- 3. The donor must be age 70 ½ or older.
Click here to meet the entire Development Office team:
Click here to make a gift online:
Cash and credit card charges are often the most convenient form of giving. Cash gifts are fully deductible for federal income tax purposes, provided deductions are itemized.
Pledges enable a donor to plan a personal giving program that is both convenient and tax-wise. A pledge may enable a donor to consider a more significant gift than would have been otherwise possible.
Securities may be made as outright gifts or as a payment on a pledge. Stock certificates may be reassigned directly to Central Ohio Technical College. These may also be transferred through the donor's broker. The mean market value on the date of the transfer will determine the value of the gift for tax purposes. Gifts of appreciated securities may be tax deductible, up to 30 percent of your adjusted gross income. The deduction is based on the full fair market value, and capital gains tax is not due when the stock is transferred.
Deferred and Planned Gifts
It may be preferable from an estate, financial and tax-planning perspective to consider long-term planned giving as the best ways to make a gift. This can be accomplished through various gift instruments, such as charitable remainder trusts, gift annuities charitable lead trusts and bequests. We will be available to assist you and your financial advisors to design a trust or bequest that will allow you to combine your need to protect your assets with your decision to make a gift to the campus.
To encourage employees to make gifts, thousands of businesses and corporations nationwide will match the gifts of their employees with an equal or greater contribution. Please include your employer's name if you know they are one of these companies.
Gifts made to establish permanently endowed funds that may be named to honor persons in perpetuity.
Other Giving Opportunities can include Personal Property, Life Insurance and Real Estate
Rules about these types of gifts may vary. The campus reserves the right to accept or refuse all gift-in-kind donations.
Every gift makes a difference!