The Trinidad State Educational Foundation
Sharing the Vision, Securing the Future.
Ways to Share Today
Cash and Gift Pledge
The advantage of this method is that the actual cost of the gift (to you) is less than the total dollar amount given to the TSJC Educational Foundation. You can deduct up to 50 percent of your adjusted gross income in the year you make the gift. Any excess over 50 percent can be deducted over the next five years. (Future cash pledges should be made either in writing or by means of a pledge card. Pledges cannot be claimed until the gift is made.)
Check to see if your employer (or spouse’s employer) matches employee donations to qualified nonprofit organizations like the TSJC Educational Foundation. Some givers even double or triple employee gifts.
Stocks and Bonds
A gift of long-term appreciated securities has two major advantages: (1) it provides the donor with an immediate income tax deduction and (2) eliminates capital gains taxes to the extent allowed by tax law.
You can give private, commercial or agricultural property to the TSJC Educational Foundation. If your property has decreased in value, you should consider selling it and contributing the proceeds to receive both capital loss and charitable gift deductions. We prefer that you contact us during the early stages of your planning so we can jointly decide the best use of the property by the Foundation.
The TSJC Educational Foundation accepts equipment that can be of some use by the College or can be quickly sold. It is best to contact the Foundation Office making such a gift. You also must obtain an appraisal for equipment contributions over $5,000 (see appraisal and related-use sections).
This includes works of art, rare books, antiques and vehicles, among others. Your deduction will depend on the appraised value and how the gift will be used by the Foundation or the College (see appraisal and related-use sections). We prefer that you contact us during the early stages of your planning so we can jointly decide the best use of the property by the Foundation. The final decision to keep or sell the property rests with the Foundation’s Board of Directors.