WAYS TO GIVE
There are a number of ways gifts may be made to benefit the Nashville State Community College Foundation.
Recurring gifts are welcome and can be established through our online gift portal, linked above.
Checks should be made payable to Nashville State Community College Foundation and mailed to the Foundation office.
120 White Bridge Road
Nashville, TN 37209
Matching gifts are a type of corporate giving program that essentially doubles an employee’s initial donation to a nonprofit organization. If your or your spouse’s company has a matching gift program, please request a matching gift form from the company’s Human Resources Office and notify us following your gift. If the employer uses a matching gift site, please visit the company’s website after making your gift to request that the matching gift be made.
MAKING A PLEDGE
In general, pledges must be paid by June 30. Pledges of $5,000 or more can be paid over 3-5 years. Contact Lindsay Alderman for more information.
Charitable giving comes in many shapes and sizes, including gifts of personal property as well as time and service.
- Gifts of personal property
- When you give the Foundation products, you are making a ‘gift in-kind.’ These gifts fall under special IRS rules and regulations, and the Foundation makes sure to follow these rigorously. For example, the IRS does not allow us to provide you with the dollar value of your in-kind gift. This does not mean that your gift has no value — on the contrary, your in-kind gift is important and appreciated! — but only you can put a price tag on these types of gifts. If you value an in-kind gift at $500 or more, you will have to submit IRS form 8283 with your tax return. For gifts you value over $5,000, the IRS also requires an independent third-party appraisal.
- Contact Lindsay Alderman in the Foundation office if you would like to make an in-kind contribution to any of Nashville State’s programs or departments.
- Gifts of time and service
- While your time and your talent are invaluable to us, and we truly appreciate the volunteers who make our work possible, the IRS will not allow you to take a tax deduction for time or services.
- For more information about volunteer opportunities, contact Lindsay Alderman in the Foundation office.
GIFTS OF STOCK
If you would like to gift securities, please contact Lauren Bell in the Foundation office to request transfer instructions.
We hope you will consider including the Foundation in your estate or financial plans and help sustain our mission for generations to come. Whatever approach you choose, your gift will support student success at Nashville State.
- Bequests and wills
- The simplest way to make a planned gift is by naming the Nashville State Community College Foundation in your will. A bequest is a meaningful way to support our work without affecting your cash flow during your lifetime. Your attorney can include it when you prepare or revise your will or you can add a codicil at any time.
- There are several types of bequests:
- A specific bequest indicates the amount of cash, securities, or other asset you wish to leave to NSCCF, or it can indicate a specific percentage of the total value of your estate.
- A residuary bequest leaves the remaining portion of your estate (or a percentage of the total) after all other bequests have been satisfied.
- You can make NSCCF the recipient of a contingency bequest which takes into account the possibility of a change in your beneficiary’s circumstances.
- Charitable gift annuities
- A charitable gift annuity is a simple contract between you and the Foundation. In exchange for your irrevocable gift of cash or securities, NSCCF agrees to pay one or two annuitants whom you designate a fixed annuity for life, and you will be entitled to an income tax deduction in the year you make the gift.
- Retirement plans
- You can contribute to the Foundation through your retirement plan. Certain retirement plans, including IRAs, 401k and 403b plans, allow you to defer paying taxes until you withdraw income during retirement. However, after your death these accounts are often exposed to significant taxes. Therefore, you might find it beneficial to contribute all or part of these funds to NSCCF while leaving other assets to your heirs. Simply name the Foundation a beneficiary of your retirement plan. You will retain control of the plan during your lifetime, and you can change your beneficiary at any time if your circumstances change.
- Charitable trusts
- A charitable trust is a way to achieve your current and long-term financial, estate, and philanthropic goals. A donor makes an irrevocable transfer of cash, stock, real estate, or other assets to a trust which produces income for the donor or other beneficiary for a fixed period of time of up to twenty years or until the donor or other beneficiary dies. At the conclusion of the trust period, the remaining principal assets will be distributed to NSCCF.
- Charitable trusts take two forms:
- A charitable remainder trust allows you to designate the beneficiary of regular payouts from trust proceeds (for either a fixed dollar amount or a fixed percentage) during your lifetime or for a period of time, not to exceed twenty years. At the same time, the Foundation is designated a remainder beneficiary. This allows you to claim a tax deduction for the estimated portion of the assets that will ultimately go to NSCCF upon death or the expiration of the fixed period.
- Charitable lead trusts appeal to individuals who wish to make a gift but retain the property. These irrevocable trusts are, essentially, the reverse of charitable remainder trusts in that the payments from a charitable lead trust will first go to NSCCF for a specific period of time, usually between ten and twenty years, after which time the principal of the trust will revert to you or to those you have designated.
- Life insurance policies
- The Foundation welcomes philanthropic support through gifts of life insurance policies when the policies are paid in full and NSCCF is named as the owner and irrevocable beneficiary of the policy. You can name the Foundation as the primary or contingent beneficiary of an existing or new life insurance policy.
If you would like to discuss a planned gift, please contact Lauren Bell in the Foundation office.
The Nashville State Community College Foundation is recognized by the IRS as a 501c3 nonprofit organization and all gifts are tax-deductible to the extent allowed by law.