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GREENVILLE TECH FOUNDATION
Estate Planning
Your Will
Name the Greenville Tech Foundation, Inc. as a beneficiary in your will, or through a codicil (amendment) to your existing will. You can include outright gifts, a percentage of your estate, and/or remainder of your estate after other beneficiaries have received their inheritances.
Memorials
You may name the Greenville Tech Foundation in your obituary as a recipient for memorial gifts in lieu of flowers.
Gift Annuity
Funds may be transferred to the Greenville Tech Foundation, Inc. in exchange for an annuity contract promising to pay an annuity amount for a set amount of time, or for the life of the donor. The minimum gift for an annuity is $10,000.
Retirement Funds
The Greenville Tech Foundation, Inc. can be named as a beneficiary on your 401(k), IRA, Keough, or other retirement plans. Any residual left in your plan will go to the Foundation tax free. Otherwise, the IRS will impose income tax on a retirement fund balance that is going to a non-spouse beneficiary, in addition to the estate tax that will be imposed on the account.
Gifts of Life Insurance
Relatively modest premium payments can provide a substantial deferred gift to the College. A new policy can be purchased or an existing policy that is no longer needed can be donated. Paid up policies provide tax deductions at their replacement values. Premiums on new policies are tax deductible. To receive a tax deduction, designate the Greenville Tech Foundation, Inc. as owner and irrevocable beneficiary.
Charitable Remainder Trust
Assets placed into a qualifying trust will provide income to you (and your spouse) for life, and the remaining assets will go to the Greenville Tech Foundation, Inc. This gift option assures you of income, while providing an immediate charitable tax deduction. The deductible amount depends on your age, the rate of return specified in the trust, the size of the gift, and other factors. If you need to, you can purchase life insurance to cover the replacement value of these assets as part of your estate planning for your family. The gift is usually $100,000 or more.
Professional Guidance
When considering a planned gift, it is important for you to consult with your legal counsel, financial advisor, certified public accountant, bank trust officer, or insurance agent as these professionals are familiar with the tax implications of these arrangements and can help you develop the best plan. We will be glad to work with you and/or your advisor(s) to construct a special gift that could provide significant tax benefits for you and your family.
GIVING
Ways to give
Pledge form (PDF)
Pledge form (MS Word)
Gift and Estate Planning
Campaigns/Priorities
Naming Opportunities
Giving Societies
ABOUT THE FOUNDATION
Foundation Description
Foundation History
Frequently Asked Questions
Foundation Board Members
HONOR ROLL OF DONORS
2006-2007
2005-2006
2004-2005
ENTREPRENEUR FORUM
2006-2007
2005-2006
2004-2005
ANNUAL REPORTS (PDF)
2006-2007
2005-2006
2004-2005
SCHOLARSHIP RECIPIENTS
2006-2007
2005-2006
2004-2005
IRS FORM 990
2006-2007
2005-2006
2004-2005
RELATED LINKS
News Center
Alumni
About the College
The Big Picture (Spring '07)
The Big Picture (Summer '07)
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