Cash Gift or Pledge
The out-of-pocket costs associated with cash gifts and pledges are less than the dollar amount of the gift thanks to federal tax deductions and Missouri Income Tax Credit. Pledges need to be made in writing or by means of an OTC Foundation pledge card. Donations cannot be deducted until the gift is made.
Real Estate
You may give private, commercial or agricultural property to the OTC Foundation. If your property has decreased in value over time, you might consider selling it and contributing the proceeds to the foundation. This option allows you to receive both capital loss and charitable gift deductions. We encourage you to reach out to our staff during the early stages of the planning process, so we can work together to ensure the best use of the property.
Stocks, Bonds, Securities
If appreciated property gifts are transferred to the OTC Foundation before the sale, you may be able to deduct the fair market value without the need to pay capital gains taxes.
Matching Gift
Companies will often match employee donations to qualified nonprofit organizations like the OTC Foundation – some even double, or triple, employee gifts.
Equipment
The OTC Foundation accepts equipment that can be of use to the college or quickly sold. Please contact the OTC Foundation to discuss potential equipment donations before making a gift. You must obtain an appraisal for equipment contributions valued at more than $5,000.
Personal Property
Works of art, books and even vehicles are some of the many gifts considered to be personal property. The tax deduction you receive will depend on the appraised value of the gift and how it will be used by the OTC Foundation or the college.
Endowment
Through endowments, the principal remains intact, and the investment income is used to provide financial awards to students, faculty and the college. You can make contributions of any size to existing endowments or create a new endowment with a minimum gift of $10,000. Payouts will occur after the amount reaches $10,000.
Scholarship Support
Scholarships help students pay for tuition, books or other fees associated with attending college. Funds may be designated to students in any of the college’s 40+ programs. You may establish an endowed scholarship or you may fund a scholarship directly with any level of support.
