Investing In The Future-Investing

Making a donation to the Midlands Technical College (MTC) Foundation’s major gifts campaign is an important investment in the community’s future.

There are many ways to contribute to the campaign. The following information may be helpful as you consider various methods to support the college and to benefit from the tax advantages associated with certain types of charitable donations. The MTC Foundation is a 501(c)(3) organization.

Cash investments are deductible for federal income tax purposes up to a limit of 50 percent of your adjusted gross income if you itemize deductions. Where cash donations exceed this limit, you may carry over the excess for up to five additional years. Cash investments may be pledged for payment over a period of years. To be officially recorded, pledges should be made in writing or by means of a Letter of Intent available from the MTC Development Office.

Donors to the MTC Foundation may make outright investments and pledges in the form of appreciated securities rather than cash, thereby benefiting from extra tax advantages. If you itemize, you are entitled to a charitable income-tax deduction for the full value of the investment, provided you have owned the securities for more than 12 months. You avoid paying a tax on capital gains that you would owe if you sold the securities.

Investments of securities are deductible for federal tax purposes up to a limit of 30 percent of your adjusted gross income. No appraisal is required for an investment of publicly traded securities for which market quotations are readily available from an established securities market.

Investments of noncash property, such as real estate, may provide an ideal way to make a contribution. These investments may be more advantageous than outright cash investments because you can make a larger donation at less cost. Examples of these are:

Property that has increased in value and has been held long enough to qualify as long-term property may be beneficial to give. This investment entitles you to two benefits: first, you avoid paying capital gains tax; and second, in most cases you receive a deduction for the full value of the investment.

If you have property that has decreased in value at the time you are ready to make your investment, you should consider selling that property first and then contributing the proceeds to the MTC Foundation. This allows you to receive the deduction for both the capital loss and the charitable donation.

You should obtain an appraisal for any noncash contribution that exceeds $5,000. The appraisal summary section of IRS Form 8283 must be completed and attached to the income tax return on which the deduction is claimed.

The types of investments described above are examples of contributions that can be made now. Another option, a deferred investment, will benefit Midlands Technical College in future years. These are investments that will make a positive difference in the future of the college and its community.

One way to make a deferred investment is to include specific language in your will naming the MTC Foundation as the recipient of your planned investment. Your will can include investments in any – or all – of the following forms:

Your estate is allowed an unlimited deduction for cash and other property that you leave to the MTC Foundation. Please contact your tax consultant, financial planner or attorney to help you plan the type of bequest that best suits your needs.

Life insurance provides an effective way to benefit Midlands Technical College for several reasons:

Please ask your life insurance agent for further details on the numerous types of insurance investments you can make.

You may name the MTC Foundation as the beneficiary of a portion of your retirement funds. If you wish to make this type of investment, please contact the administrator of your Individual Retirement Account, profit-sharing account or other retirement plan.

In some instances, you can designate a specified amount of money in a qualifying trust that will provide income to you (and your spouse) for life; thereafter, the principal will be paid to the MTC Foundation upon your death or upon a specified date. These trusts, which are generally described as charitable remainder trusts, ensure income while providing an immediate charitable deduction to you for the remainder of the interest that will someday be paid to the MTC Foundation. For additional information concerning such a trust, it is advised that you contact your attorney, certified public accountant or tax advisor.

Named giving opportunities provide an enduring means of honoring and recognizing the achievements of an individual, family or organization. The dollar amounts listed below indicate the minimum investment needed for each named giving opportunity available at Midlands Technical College. The naming of a facility requires a completed investment of cash or assets.

Center of Excellence for Technology Training*	$2,500,000
Auditorium	$100,000
Atrium	$100,000
Classrooms	$50,000
Conference Room	$50,000

Airport Campus
Health Sciences Building	$2,000,000
Auditorium	$100,000
Distance Learning Classroom	$50,000
Science Laboratories	$50,000
Classrooms	$50,000
Academic Center	$1,500,000
Airport Student Center	$1,000,000
Congaree Hall	$500,000
Granby Hall	$500,000
Lexington Hall	$500,000
Saluda Hall	$300,000
Student Computer Lab	$100,000
Student Commons	$100,000
Distance Learning Classroom	$50,000
Standard Classrooms	$50,000

Beltline Campus
Student Center	$1,000,000
Library	$500,000
Richland Hall	$500,000
Engineering Laboratory Building	$250,000
Tool and Die Building	$125,000
Automotive Training Facility	$100,000
Standard Classrooms	$50,000

Harbison Campus
Harbison Hall	$200,000
Continuing Education Building	$100,000
Irmo Hall	$100,000
Conference Center	$100,000
Administration Building	$75,000

Endowment Opportunity
Named Endowed Professorship	$75,000

*Under Construction

An investment in the MTC Foundation provides the satisfaction of knowing that your contribution will benefit many students. Beyond the usefulness of the investment itself, you will receive tax benefits for your donation. Your investment should be made on or before December 31st of the year in which you wish to receive the charitable income tax deduction.

Ways to Invest