In keeping with our commitment to make college affordable to every Indiana resident who needs and desires new skills, Ivy Tech has held tuition increases as low as possible. Private, charitable support of the College through the Ivy Tech Foundation provides the margin of excellence so that students get the training they need, and the quality they deserve.

While Ivy Tech Community College is one of seven State-assisted colleges and universities, only two thirds of our total funding is appropriated by the General Assembly. In keeping with our commitment to make college affordable to every Indiana resident who needs and desires new skills, Ivy Tech has held tuition increases as low as possible. Private, charitable support of the College through the Ivy Tech Foundation provides the margin of excellence so that students get the training they need, and the quality they deserve.

While the joy of helping change lives of Ivy Tech students is the greatest benefit we offer our donors, there are many ways to give that provide immediate or deferred tax benefits. These benefits allow donors to make a greater impact without spending more money.


Cash Gifts
Cash contributions to Ivy Tech Foundation are fully deductible to the extent allowed by federal law. In addition, Indiana taxpayers qualify for state tax credits of up to $200 for a joint return or $100 for an individual return. Comparable benefits are available for regular corporations. Gifts qualify for deductions and credits in the calendar year they are given. We provide receipts, as required by the IRS, for all gifts of $250 or more.


Corporate Matches Of Individual Gifts
Scores of Indiana companies provide matching gifts for higher education. Companies match the gifts of employees, and often that of spouses, retirees and board members. In some instances, the match is greater than the original gift. Please check with the human resources department of the company you or your spouse work for or are retired from to see if such a benefit is available. Corporate matches are credited to the same account as the individual's original donation and leverage the impact your gift can have.


Gifts Of Stocks And Securities
Gifts of appreciated stocks can allow individuals to make large gifts with a small out-of-pocket expense. If stocks held for more than one year and appreciated in value are contributed to Ivy Tech Foundation, the donor may receive a federal income tax deduction for the fair market value of the security on the date it is transferred to Ivy Tech Foundation. The IRS calculates fair market value as the average of the high and low price for the security on its primary market on the date the asset is transferred. Gifts made in this way avoid capital gains taxes on any sale of the stocks.

If stocks have been held for less than one year, the federal deduction is based on the cost basis of the security, not its fair market value on the date of the gift.

If you wish to make a gift of securities that have depreciated in value, it is better from a tax perspective to sell the stock first, realize the loss, and give the proceeds to Ivy Tech Foundation.


Gifts Of Property
Most of the tax considerations noted above for securities also apply to gifts of real property. Special tax benefits are available if residences or farms are the object of a donation. The donor can realize immediate tax benefits while still reserving the lifetime right to use and enjoyment of the property.

Contributions of computers, laboratory equipment, instructional aids or inventory, if related to the mission of the College and usable in the educational process, are often as valuable as cash gifts. These donations also can provide meaningful tax benefits for the donor.


Planned And Deferred Gifts
Many friends of Ivy Tech want to be sure that the support they are providing for programs at Ivy Tech will continue past their lifetime. Others wish to memorialize a loved one, mentor, or favorite faculty member. Many tax-advantaged avenues exist to help make these wishes come true.


Gifts by Will or Living Trust
One of the simplest ways to provide for Ivy Tech is through a bequest in a will or living trust. Any part, percentage or component of an estate or trust assets can be left to Ivy Tech Foundation. It is important that the appropriate naming language be used in the will or trust, such as: "I hereby leave (amount, percentage, asset or remainder) to Ivy Tech Foundation, Inc., an Indiana nonprofit corporation with principal offices in Indianapolis, Indiana, for the (insert specific program, fund, or endowment or for the general benefit of a specific campus)."

While wills and bequests are wonderful ways to give and help reduce estate and inheritance taxes, they provide no immediate income tax advantages. More sophisticated giving agreements can provide immediate income tax benefits, provide a stream of income for the life of the donor, or others designated by the donor, reduce estate and inheritance taxes and provide significant support for the programs and activities of Ivy Tech. Charitable gift annuities, charitable remainder trusts, charitable lead trusts and other instruments may sound complicated, but are easily established and can be valuable components of any estate plan.

Ivy Tech Foundation has trained professionals to work with you and your financial advisors to meet your specific charitable and financial goals. All meetings are held in the strictest confidence. This is an area where a little planning can result in substantial tax savings and provide a lasting tribute to a donor's good works.


Endowing A Fund At Ivy Tech Foundation
Endowments are truly gifts that keep on giving. An endowed fund can be established to support scholarships, programs of study, faculty development, or general campus support. The principal of the endowment is invested to provide annual support for the desired project, and to build the principal value so the distribution stays constant in buying power over time. A minimum contribution of $10,000 is required to establish a named endowed account. Additional gifts can be made at any time to build the fund. There are no fees, charges or overhead charged to any endowment. One hundred percent of the gift and the income derived go to the charitable purpose of the fund.

Endowed funds are managed separately in a balanced portfolio stressing growth. Each year, 5% of the principal value is made available for use. Additional income and appreciation above this amount is added to principal to fuel growth of the account. Investment returns, portfolio makeup and payout policies are closely monitored by the Finance Committee of Ivy Tech Foundation's Board of Directors. Performance is evaluated against benchmarks they select. Over the past three years, performance has equaled or exceeded established performance benchmarks.