Ways to Give | SKCTC

Ways to Give

Explore this section to discover ways to make a gift that also take into consideration your personal circumstances and the needs of your heirs.  Whether your interest lies with a specific program, academic department, community activity, or assisting SKCTC's current students, the Advancement Office will design and implement your gift to see that it fulfills your intent.  All gifts are tax-deductible.

 

Current Gifts

 

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 Kentucky Community & Technical College

700 College Road

Cumberland, Kentucky 40823

Attn: Advancement Office

 

Pledges


A pledge allows a donor to consider a more significant gift than would have otherwise been possible.  You may make a contribution with payments spread over a period of time, with periodic reminders sent to you about your commitment.

 

Endowments

 

An endowment is the best way to establish a permanent gift fund that provides valuable interest income to support your area of choice.  Endowments may be named for a family member, an area of interest, or as a memorial gift.  SKCTC’s endowments average 4.5% in interest earnings.

 

Memorial and Tribute Gifts


Making a gift in honor of a family member, friend, or mentor is a thoughtful way to remember someone special and create a living legacy. 

 

Employee Giving - Payroll Deduction 


SKCTC employees may make one-time or ongoing contributions through payroll deduction. Contributions are tax deductible in the year you make the gift to the college.  Please contact the Advancement Office for more information.

 

Amazon Smile

Amazon Smile is a simple way to support SKCTC at no cost to you.  When you shop at www.smile.amazon.com, you’ll find the same low prices, selection, and convenience as Amazon.com, and Amazon will donate a portion of the purchase price to SKCTC!

 

Visit https://smile.amazon.com/ch/31-1021118 to sign up today!

 

Food City

If you use a Food City card, you can easily link your ValuCard to SKCTC to automatically support the College at no cost to you.  For every dollar spent at Food City using your ValuCard, one point will be earned for SKCTC.  The more points earned, the more funding Southeast will receive from Food City! 

 

Simply print out this bar code, then have the cashier scan the code and your ValuCard.  The two will then be linked together!

 

Planned Giving

 

The Advancement Office works with individuals and organizations toward developing planned giving strategies for supporting the College over time. Planned giving options include:

 

Bequests

 

You can make a gift that will create a legacy and have lasting impact on students by naming Southeast Kentucky Community & Technical College or the Southeast Education Foundation, Inc. as the recipient in your will.  You can include gifts of cash, securities, personal property, a percentage of the value of the estate, or the residue of your estate (property remaining after all other bequests have been fulfilled).

 

Charitable Gift Annuities

 

A charitable gift annuity is an agreement that transfers assets to the College or Foundation in exchange for a lifetime income stream and a tax benefit. 

 

Charitable Remainder Trusts

 

This plan can increase your income, reduce your taxes, and ultimately provide very important support to students.  You can receive a current income tax deduction and avoid future estate taxes, while receiving income, by placing assets in a trust.  At the end of the trust agreement, the assets transfer to the College.

 

Life Estates

 

A life estate allows you to gift your home and receive sizable tax benefits now, while you continue living in your home for the rest of your life.

 

Charitable Lead Trusts

 

Make a donation now while reducing the tax burden for your heirs in the future.  You can make your gift for a specified time period, with the remainder of the trust assets distributed to your designees.  The Foundation or College receives the annual income amount for the length of the terms of the trust agreement, while trust assets are distributed to your heirs.