Cash gifts are immediate and, if you itemize your taxes, your outright gifts of cash are fully deductible for federal income tax purposes.

You could leave 100% or a portion of the tax deferred retirement plan to ACCF. In order to modify your IRA beneficiaries, request a “change of beneficiary” form from your financial advisor.

If you are over age 70½, you can redirect all or a portion of your IRA’s Required Minimum Distribution (RMD) to ACCF, a Qualified Charitable Distribution. This distribution serves to satisfy all or part of your RMD requirement and prevents the distribution from being taxable.

Gifting long-term appreciated stock, bonds, ETFs or mutual funds may offer you a two-fold tax savings:

1. You avoid paying capital gains tax on the increase of the value of the securities.
2. You receive a tax deduction for the full fair market value of the securities at the time of donation.

Certain programs at ACC may benefit from donations of non-cash items that help educate students in current techniques and technologies. Examples of such donations include specialized program-related equipment in working order and hands-on training supplies. Such donations may be tax-deductible.

Outright gifts of real estate allow the donor to avoid capital gains tax and realize a charitable deduction on the full fair market value of the real estate.

After providing for loved ones, you could name ACCF as a beneficiary of a percentage of your assets in your estate planning documents or as a beneficiary to any unnecessary life insurance to establish a permanent legacy of helping ACC students. Please consult with your estate planner or life insurance agent to implement these strategies.

In your obituary, you could inform your loved ones you would like ACCF to receive memorial gifts.

The information provided here is not intended as legal or tax advice. Please consult your financial advisor.