Giving to Kent State Ashtabula
Dear Friends of Kent State Ashtabula,
The Advancement Office of Kent State Ashtabula offers you a variety of ways you can financially support the projects and programs that are important to our campus, our student body, and the community we serve. We are committed to maintaining the same standard of excellence that has been the vanguard for Kent State Ashtabula for more than 50 years. Your consideration of a gift is greatly appreciated.
We truly believe your investment in Kent State Ashtabula is an investment in the future of our students and the community.
Pam Palermo, Associate Director of Advancement
Ways to Give
Kent State Ashtabula gratefully accepts pledged gifts. These gifts allow donors to make a pledge commitment and set up a payment schedule that best suits their donor wishes, or coincides with their business cycle.
Gifts of Cash (Outright Gifts)
A cash gift makes an immediate impact on the mission of Kent State University at Ashtabula, and provides 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.
One of the many ways you can show support to Kent State University at Ashtabula is through a provision in your estate plan. Planned gifts, such as a simple bequest or a charitable gift annuity, provide a foundation for our future and can help us plan ahead for the needs of students, faculty, programs and 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 the Ashtabula Campus and are unrestricted, or can be restricted to a particular area or even fund.
For instance, there are a number of existing funds (endowed or spendable) that may be of significance to you. Anyone can donate to specific funds, during and beyond their lifetime. (Click here to explore the different areas you can support through Planned Giving or connect with advisors in financial and estate planning to help you with a planned gift.)
Planned giving options include:
- A Charitable Gift Annuity
- A Charitable Remainder Trust
- An Endowed Fund
- 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
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, such as being able to sell the property. Depending on the circumstances, the charitable deduction varies.
Benefits for You:
- No minimums to meet
- Fully tax deductible for 100% of the asset’s fair market value, subject to certain limitations
- Flexible gift options – direct your gift to a particular fund, restricted use or direct it for unrestricted use
- Allows you to initiate or increase your own fund
Gifts of Real Estate
A gift of appreciated real property (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 property is based on the property's fair market value, obtained through an independent appraisal. You may also be interested in life income options. All real estate gifts are subject to Kent State University's real estate gift acceptance policy.
A gift to the endowment - as a one-time contribution or part of a planned strategy - allows Kent State University to invest the principal and draw on the interest to fund our projects and goals. With our endowment, we can provide scholarships and promote research. We can recruit the very best faculty, helping our students get the most out of their education. We can enhance Kent State University'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 forever.
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.