The
Community and Technical College Foundation
of Ashland, Inc.

Making a charitable gift to Ashland Community and Technical College is a very personal decision. Only you can decide when and how to contribute to the foundation. The following information may be helpful as you consider the various ways that you can support the college by making a gift to the Community and Technical College Foundation of Ashland, and how you can benefit from the tax advantages associated with certain types of gifts.

Cash Gifts

The advantage of cash gifts is that the actual out-of-pocket cost is less than the dollar amount of the gift because of the allowable income tax deduction. You can deduct up to 50 percent of your adjusted gross income in the year you make a contribution. Any excess contributions over 50 percent may be deducted over the next five years.

Personal Property Gifts

Works of art, books, furnishings and similar items are considered gifts of personal property. Your tax deduction will depend on the appraised value of the item and how the gift will be used by the college.

Property Gifts

Gifts of non-cash property such as securities or real estate may provide an ideal way for you to make a contribution. Gifts of this type may be more advantageous than outright cash gifts, because you can make a larger gift at less cost to you.

Life Insurance Gifts

Life insurance provides a very effective way to benefit Ashland Community and Technical College for several reasons:

• It will provide the foundation with a substantial deferred gift while you make relatively modest premium payments.
• This type of gift will not be delayed during the administration process of your estate, and proceeds from the policy can be paid promptly to the Community and Technical College Foundation of Ashland, Inc.
• A gift of an insurance policy that is paid up, or partially paid up, may be advantageous if your family responsibilities are no longer as substantial as they were in the past. As your life insurance agent for further details on the numerous types  of insurance gifts that you can make.

Arrange Now to Make a Gift Later

There are other gifts which you can plan for today which will benefit Ashland Community and Technical College students in future years:

• Your will.
• Retirement savings.
• Your estate.
• Deferred gifts.

Need More Information?

If you would like to discuss a potential gift to the Community and Technical College Foundation of Ashland, please call foundation Director of Advancement Frank Salisbury at (606) 326-2092.