Giving to Kent State Ashtabula
Dear Friends of Kent State Ashtabula,
There are a variety of ways you can support students and the community we serve. Each of us is personally committed to maintaining the same standard of excellence that has been a hallmark of a Kent State Ashtabula education for more than 50 years.
If you want to join us and make a difference in the life of a deserving student or if you want to impact our community, please consider supporting Kent State Ashtabula. Your investment will be used effectively and efficiently to better lives in Ashtabula County and beyond.
We truly believe your investment in Kent State Ashtabula is an investment in the future of our community. Please call me to discuss the many ways you can invest in our community.
Kevin Moore, Director of Advancement
Ways to Give
Most gifts to Kent State are tax-deductible. Call us or consult with your tax advisor to be sure.
Kent State Ashtabula gratefully accepts pledged gifts over a five year period. A pledge allows you to make a pledge commitment and set up a payment schedule that best suits your timetable during a five year window.
Gifts of Cash (Outright Gifts)
Cash gifts make an immediate impact on the mission of Kent State University at Ashtabula and provide you with a charitable income tax deduction.
Did you know that you may be able to double or even triple your gift to Kent State Ashtabula?
Many employers sponsor matching gift programs that match charitable contributions made by their employees. To find out if your company participates in a matching gift program, contact your company's human resources department.
Gifts of Securities
A gift of appreciated securities, including stocks or bonds, has many potential benefits including a charitable income tax deduction and the avoidance of capital gains tax. Shares may be given via wire transfer. For gifts of actual stock certificates, contact our office for instructions.
Effective estate planning can maximize your ability to pass along your wealth to loved ones, reduce your tax burden and maximize your charitable support to Kent State. Planned gifts, like bequests or charitable gift annuities, often provide a significant impact because they are frequently the largest gift anyone can make. They can have a dramatic effect on the needs of students, faculty, programs or facilities. The easiest way to make an impact beyond your lifetime is to make a bequest in your will or living revocable trust that can be directed to Kent State Ashtabula. Choosing to make your estate gift unrestricted will help future leaders address the needs of the day well into the future.
Some planned giving options include:
- Benefiting from a Charitable Gift Annuity
- Creating a Charitable Remainder Trust
- Establishing your own Endowed Fund
- Contributing retirement plan Assets
If you are like most people, you may not use all of your retirement assets during your lifetime. Donating withdrawals from your IRA, 401(k), 403(b), pension, or other tax-deferred plan is an excellent way to receive tax benefits. Additional benefits may exist if you donate these assets at age 70 1/2; consult your tax advisor for more information.
- Life Insurance Policies
- A remainder interest in your home
A misconception is that planned giving is only for the "wealthy." The truth is almost everyone can benefit from effective estate planning. Very substantial gifts are given to Kent State by your neighbors and friends who chose to invest in others and in their community. By planning effectively you can pay less in taxes, provide gifts to family and leave a legacy at Kent State Ashtabula.
Gifts of Personal Property
Gifts of personal collections of art, books, and other items, or in-kind gifts of equipment, technology and other assets are accepted if the university has a specific use for such property or accepts the gift with no restrictions or conditions. Depending on the circumstances, your charitable deduction may vary.
Gifts of Real Estate
A gift of appreciated real estate (home, vacation property, vacant land, agricultural land, commercial property) allows you to avoid paying capital gains tax and receive a charitable income tax deduction. A gift of real estate property is based on the property's fair market value, obtained through an independent appraisal. You may also be interested in life income options where gift the property to the university, but live there for the rest of your life. Note that all real estate gifts are subject to Kent State University's real estate gift acceptance policy.
Any gift that can generate a principle amount that the university invests in perpetuity is an endowments. Endowments allow the donor to make a gift that will stand the test of time and continue to produce investment income as long as the university exists. Only a percentage of the investment income is used to fund a program, scholarship or some other wish a donor may have. The rest of the income goes right back to that fund to grow even more to keep pace with inflation and grow, grow, grow. With our overall endowment, we can provide scholarships and promote research well into the future. We will be able to recruit the very best faculty and ensure that our students get the most out of their education. You will help us enhance Kent State's reputation as an institution of excellence. And because a gift to the endowment grows over time, you become an integral part of our school's success for many generations to come.
Disclaimer: Kent State Ashtabula is not a financial planning or investment advising service. Please consult your financial planner or attorney regarding financial planning advice and applicability of tax benefits.