Ways You Can Give

Making a charitable gift to the OTC Foundation is an important and personal decision. The satisfaction of giving comes from knowing that you are investing in the lives of individuals, as well as the businesses and industries that benefit from an OTC education.

We invite you to consider the following ways to make a difference. From a tax perspective, gifts of property may be more advantageous than cash gifts because you can make a larger gift at less cost. You may find the following information useful; however, it should not be considered legal or tax advice. Always contact your attorney, tax advisor, or accountant before giving. Only you can decide when and how best to contribute.

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 $5,000. 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.

Additional ways to give

Planned GiftProcessYour Benefit
Bequest/WillAdd the OTC Foundation to your will.Simplest form of a planned gift. Retain ultimate authority for distributing assets for life. Possible estate tax deduction.
Life InsuranceNaming the OTC Foundation as the owner and beneficiary of a new or no longer needed life insurance policy.Possible income tax deduction or your estate may be entitled to a deduction of full amount of the policy.
Retirement PlansName the OTC Foundation as the beneficiary of your Individual Retirement Account.Retain control of assets during your life. Avoid double taxation on your retirement plans. Income tax and estate taxes on such gifts are avoided at time of death. Possible income tax deduction.