How to Give
Donations by cash, money order, or check are accepted at any time. You can identify the designation of your gift with an accompanying letter or on the memo line of the check. Interested donors can make a check payable to:
Southeast Education Foundation
700 College Road
Cumberland, Kentucky 40823
Attn: Advancement Office
Online gifts can be made by clicking Donate Now (Choose Southeast Kentucky Community and Technical College from the drop-down menu.)
Stock or mutual funds that is a popular option because it allows you to help the College while reaping important benefits – a charitable income tax deduction.
Retirement Plan Assets – Tax-Exempt Deferred Giving Plan
With the College or Foundation as your retirement plan asset recipient, your heirs will receive income and estate tax savings, and the College or Foundation will receive the full value of the plan.
Savings bonds may have stopped growing. A tax-wise use for appreciated savings bonds is to support the College.
Real Estate and Personal Property
You may give a residence, land, or other real property. The value of the donation is determined by an appraisal of the fair market value at the time of the transfer of ownership. In some cases, you may wish to donate property in which you retain an interest. A gift of a remainder interest in a personal residence or farm provides you with a current income tax deduction for the present value of the remainder interest and also permits you to eliminate capital gains taxes on the appreciation. Donations of personal property such as equipment, books, art, and jewelry may also be contributed.
Closely Held Stock
A donation of your closely held stock can be a fine way for you to make a sizable charitable contribution while realizing valuable tax benefits. An income tax deduction will be realized by the donor for the charitable gift, and a tax advantage will be realized by avoidance of capital gains taxes on the stocks appreciated value. The donor retains a controlled interest in the company.
Giving through a Donor Advised Fund or Foundation
Your contributions through this method assure asset distribution to specific charities, current and/or deferred tax advantages, and flexibility.
The gift of life insurance provides you with a charitable contribution for the present cash surrender value. Also, future premium payments made following the transfer of ownership and beneficiary status of the policy are tax-deductible.
This information is not offered as financial or legal advice. Please consult your financial or legal advisors for guidance on the best method of charitable giving and potential tax consequences for you, your family, and/or business.