Types of Gifts

The following types of gifts will be accepted:

Cash Gifts

For most people, cash is the most convenient form of giving. These gifts are tax-deductible and you can tell us if you have a specific college, program or scholarship that you would like to support.

You can make a gift online via credit card, or mail payment to:

KCTCS
300 North Main Street
Versailles, KY 40383

If sending a check, please make payable to KCTCS Foundation.

Appreciated Securities

A gift of long-term appreciated securities has two major advantages: (1) it provides the you with a tax deduction and (2) it eliminates capital gains taxes.

Closely-Held Stock

By making a gift of closely-held stock, you can receive a tax deduction for the fair market value of the stock and eliminate capital gains taxes on the appreciated value.

Real Estate

You can donate a residence, land, building, or other real property as an outright gift or with the right to occupy the property for life.  A gift of a remainder interest in a personal property provides the donor with a tax deduction for the present value of the remainder interest and also lets the you eliminate capital gains taxes on the appreciation.

You can donate a residence, land, building, or other real property as an outright gift or with the right to occupy the property for life.  A gift of a remainder interest in a personal property provides the donor with a tax deduction for the present value of the remainder interest and also lets the you eliminate capital gains taxes on the appreciation.

Tangible Personal Property

As with gifts of highly appreciated securities or real estate, a gift of tangible personal property, can be tax deductions. The allowable deduction for this type of gift is dependent upon an appraisal.

Tangible personal property gifts include artwork, rare books and/or antiques.

Life Insurance

The gift of a life insurance policy will provide you with a charitable contribution for the present cash value; contributions made for premiums paid after the transfer is also tax-deductible.

Bequests

A provision in will allows for a substantial contribution without diminishing assets during one's lifetime. Since bequests to the system, colleges, or foundations are deductible from the estate, significant tax savings are possible.

Charitable Gift Annuity

A Charitable Gift Annuity is a simple way for alumni and friends to plan for retirement while supporting KCTCS and its colleges. It involves a contract between you and a college foundation, where you’ll transfer cash or property in exchange for a partial tax deduction and a lifetime stream of annual income. When you pass away, the college foundation keeps your gift. The amount of the income stream is determined by many factors including your age and the policy of the college foundation.

Charitable Lead Trust

Another method of giving for a term of years or for the life of an individual is through a Charitable Lead Trust.  Income is paid to the college or foundation each year during the life of the trust.  When the trust terminates, the assets revert to you or another beneficiary.

Another method of giving for a term of years or for the life of an individual is through a Charitable Lead Trust.  Income is paid to the college or foundation each year during the life of the trust.  When the trust terminates, the assets revert to you or another beneficiary.

Charitable Remainder Trust

An irrevocable trust may be used to provide you or loved one with a fixed annual income or an income, which varies with the value of the trust. A portion of the trust qualifies for a tax deduction. At the passing of the last income beneficiary, the assets in the trust are distributed to the system, college, or foundation to be used as the donor has designated.

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FOR MORE INFORMATION TO GIVE TO KCTCS, A KCTCS COLLEGE, OR FOUNDATION CONTACT:

Larry A. Ferguson, Ph.D.
Vice President, KCTCS
& Executive Director, KCTCS Foundation, Inc.
300 North Main Street
Versailles, KY 40383
859-256-3227
or e-mail larry.ferguson@kctcs.edu 

 

Kay Yates, Ed.D.
System Director of Development
KCTCS
300 North Main Street
Versailles, KY 40383
859-256-3377
or e-mail kay.yates@kctcs.edu