There are many ways to give - and whichever you chose, 100% of your gift benefits students, faculty and staff!
Cash Gifts (check or credit card) are tax deductible in the year given. Click HERE to give online with your credit card.
Pledges (single or multiple payments) may be designated to a specific program or unrestricted for use where needs are greatest. Pledges are not deductible until paid
Gifts in Kind (click to find out more)
Investments & Appreciated Securities
Donations of appreciated stocks or bonds can benefit donors, as they may deduct the full market value without paying capital gains taxes on the appreciated value. Our policy is that such gifts must be sold as soon as possible after we receive them.
Planned giving is an investment in the future. You may leave your gift to the unrestricted endowment managed by the Foundation or endow a specific fund, scholarship, or award. You may also wish to honor or memorialize a friend or loved one, or perpetuate a family name. These gifts are critical resources that help students for generations to come.
A variety of options exist for making legacy gifts. Many offer significant savings by minimizing estate and income taxes:
- Bequests: A bequest to Wake Tech does not affect cash flow during your lifetime.
- Life Insurance: Fully-paid life insurance may be tax deductible if you list the Wake Tech Foundation as the beneficiary and owner of the policy.
- Retirement Plan: Retirement plans naming the college as beneficiary can minimize estate and income taxes on the plan.
- Charitable Gift Annuity: Annuities offer stable lifetime payments and significant tax benefits.
- Charitable Remainder Trust: A transfer of assets to a trust with Wake Tech as remainder beneficiary can provide an additional income source for the rest of your life or a fixed period of time.
Many companies match employees’ charitable gifts. Check our Match Finder or ask your HR department.
Real estate gifts can offer donors significant tax benefits. They are typically made as outright gifts or part gift/part sale (also known as a bargain sale) but can also be made as the resource for a charitable remainder trust or retained life estates. We accept donations of residences, vacation homes, farms, commercial buildings, undeveloped land, and other properties.
Scholarships (click to find out more)
A classroom, laboratory, building, or campus named in your honor or in honor of a loved one as a lasting tribute and an acknowledgement of your commitment to the community.