Reaching New Heights TOGETHER
Making a charitable gift to the NCC Foundation is an important and very personal decision.

Only you can decide when and how to contribute to the campaign. The following information may be helpful as you consider how to support the campaign and to take advantage of tax benefits.

Arrange Now to Make a Gift TODAY

Gifts of Cash
The advantage of cash gifts is that your actual out-of-pocket cost is less than the dollar amount of the gift because of the allowable income tax deduction. You can deduct up to 50 percent of your adjusted gross income in the year you make a contribution. Any excess contributions above this percentage may be deducted over a five-year period. Actual savings from the tax deduction on your gift will vary due to your tax rate and other factors. Generally, the higher your tax rate, the greater your savings.

Gifts of Property
Non-cash property such as securities or real estate may provide an ideal way for you to make a contribution. These gifts may be more advantageous than outright cash gifts because you can make a larger gift at less cost. Examples of these are as follows:

Property that has increased in value and has been held long enough to qualify as long-term property may be beneficial to give. This type of gift entitles you to two benefits: first, you avoid paying capital gains tax; and second, in most cases you receive a deduction of the full value of the gift.

If you have property that has decreased in value at the time you are ready to make your gift, you should consider selling that property first and then contributing the proceeds to the NCC Foundation. This allows
you to receive the deduction for both the capital loss and the charitable gift.

Arrange Now to Make a gift LATER
A deferred gift will benefit NCC in future years.

1. Your Will
You may want to include specific language in your will naming the NCC Foundation as
the recipient of your planned gift. Your will can include gifts in the following forms:

  (a) cash, securities, and personal property;
  (b) a percentage of your estate; and/or
  (c) the residue of your estate—property remaining after other bequests have been fulfilled.

Your estate is allowed an unlimited deduction for cash and other property that you leave to the NCC Foundation. Please contact your tax consultant, financial planner, or attorney to help you plan the type of bequest which best suits your needs.

2. Gifts of Life Insurance
Life insurance provides an effective way to benefit NCC for several reasons:

  (a) Your gift of life insurance will provide the NCC Foundation with a substantial deferred gift while you pay        relatively modest premium payments.

  (b) This type of gift will not be delayed during the administrative process of your estate, and proceeds from        the policy can be paid promptly to the NCC Foundation.

  (c) A gift of a fully paid or partially paid insurance policy may be advantageous if your family responsibilities        are no longer as substantial as they were in the past.

Please ask your life insurance agent for further details on the numerous types of insurance gifts
you can make.

3. Retirement Savings
You may name the NCC Foundation as beneficiary of a portion of your retirement funds. If you wish to make this type of gift, please contact the administrator of your Individual Retirement Account, profit sharing account, or other retirement plan.

4. Deferred Gifts
In some instances, you can designate a specified amount of money in a qualifying trust which will provide income to you (and your spouse) for life; thereafter, the principal will be paid to the NCC Foundation upon
your demise or upon a specified date. These trusts, which are generally described as charitable remainder trusts, assure income while providing an immediate charitable deduction to you for the remainder of the interest which will someday be paid to the NCC Foundation. For additional information concerning such a
trust, it is advised that you contact your attorney, CPA, or tax advisor.

Tax Tips
A charitable gift to the NCC Foundation will provide you with the satisfaction of knowing that your contribution will go to work for many students. Beyond the usefulness of the gift itself, you will receive tax benefits for your donation. Your gift should be made on or before December 31st of the year in which you wish to receive the charitable income tax deduction.

Corporate Limits
A corporation is permitted to make and deduct philanthropic investments of up to 10 percent of its taxable income. As with individuals, a corporation may carry over excess charitable contributions to the next
five years.

Appraisals
You must obtain an appraisal for any non-cash contribution which exceeds $5,000. The appraisal summary section of IRS Form 8283 must be completed and attached to the income tax return on which the deduction
is claimed. No appraisal is required for a gift of publicly traded securities for which market quotations are readily available on an established securities market.

For more information on the “Transforming Lives ” campaign, contact Ron Plum, Foundation Director, NCC Foundation, 712-324-5061 ext. 152 or by E-mail at plumr@nwicc.edu