The Campaign for Cincinnati State: Suggestions for Donors on Ways to Give
A Legacy - Yours and Cincinnati State's
As you plan for your financial future, consider what's important to you - your hopes for your family, your vision for your career, your keen interests in community betterment.
A charitable gift properly planned can sustain your deeply held values, while also strengthening the financial security of your family, your business and Cincinnati State.
Honor a person who has changed your life with a gift that will change the life of another. Be it a family member or friend, living or deceased, preserve that person's legacy. Pass along that legacy to a Cincinnati State student, eager to learn today and driven to contribute to Cincinnati's vibrant economy tomorrow.
Different charitable gift arrangements fit different situations. you may need to structure your generosity differently today compared to as recently as a year ago. The amount and timing of a tax deduction vary according to your current financial situation and also from one type of gift to another. Discuss various gift options with your personal financial advisor or legal counsel. Then, meet with a Cincinnati State representative in confidence.
The Pledge Period
A pledge payment period of four years has been established for The Campaign for Cincinnati State. This allows a donor to make a more significant investment than might be possible through a one-time cash outlay. A pledge payment qualifies as a fully deductible contribution in the year paid.
The following suggestions may be helpful to you in determining the size and method of your contribution to The Campaign for Cincinnati State.
Current Gifts
An outright cash gift is the simplest method of giving.
Stocks and bonds appreciate in value. Usually, a gift of securities helps you avoid income taxes on the gain.
You can give tangible personal property that the IRS considers "long-term capital gain property," such as works of art, antiques, or gemstones. The amount of the income tax deduction depends on how directly the property relates to the College's mission.
Intangible personal property is something you own that is not some kind of object, such as a patent or a promissory note.
Real estate gifts cover the gamut, such as a personal residence, farm, vacation home, condo, apartment, commercial building, or undeveloped land. Often you or your spouse can continue to live in a personal residence at no charge for the rest of your life.
Equipment, materials, supplies, books are deductible at the full market value if they are related to the educational programs and activities of the College and have been held for more than one year by the donor. Gifts-in-kind are very important to the Technical programs of Cincinnati State.
Planned Gifts
Cincinnati State creates a trust fund to which you and other donors like you contribute. You can receive the gains from the investment, and share them with Cincinnati State now or in the future.
Transfer selected assets to Cincinnati State for educational use, and Cincinnati State will draw on the value of those assets to make fixed payments to you for the rest of your life.
Similar to above, but you decide when you want Cincinnati State to begin making payments to you. You can wait,for example, until you are 65 years when the tax impact might be less for you.
Create a trust that pays a guaranteed annuity amount or a fixed percentage to Cincinnati State for a specified period. Afterwards the trust, which probably will have grown through investments, is the sole property of you or your heirs.
Rather than give cash, securities or property outright to Cincinnati State, transfer them to a trust that you create to benefit Cincinnati State. Simultaneously, the trust also provides payments to you or designee until your death.
Give your life insurance policy to Cincinnati State to oversee and benefit from, or name the College as a beneficiary when the life of the policy ends.
A bequest is a written direction contained in a will which disposes of some or all of the property controlled by the will. It is possible to give cash, securities, life insurance proceeds, and real land personal property. It is also possible to create a trust through a will. Bequests may be used to establish memorials in honor of the donor, family members, or others.
Personalize Your Giving
Donor Gift Designation
If you feel particularly close to a certain program, you are welcome to designate your gift to that purpose, such as equipment for the Advanced Technology & Learning Center, endowment fund, or academic scholarships in a certain field for students.
Donor Recognition
The Campaign for Cincinnati State provides extensive opportunities for commemorative giving. An inscription may honor a living person, preserve the name of a deceased loved one, or recognize a business or foundation. The staff of the College is readily available to discuss this type of recognition.
The Best Gift Benefits Both of Us
Plan your contribution carefully so that you do what is best for your family and also for Cincinnati State. There are an infinite number of creative approaches to gift giving. Let us help you or your financial advisor find an approach that benefits you and us alike, and that also fills you with pride for making a difference in shaping Greater Cincinnati's future workforce.