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How to Give

The Foundation offers a variety of ways to give intended to provide you with greater flexibility to make your gift in the manner that best meets your needs. However, you choose to give, 100% of your investment benefits students, faculty and staff at A-B Tech Community College!

 

 

Cash Gifts

Cash is the simplest way to give.

Online: Donate Online securely with your credit card.

Check: To make a donation by check, please make your check to the A-B Tech Community College Foundation and send it to A-B Tech Community College Foundation, 340 Victoria Rd, Asheville, NC 28801

Multi-Payments Pledges: The A-B Tech Foundation also accepts single and multi-payment pledges. Please contact the Foundation for more information. Pledges are not deductible until paid.

 

Gifts In-Kind

A-B Tech welcomes in-kind donations, which help the college keep pace with changing technology and equipment needs and meet the demands of increased enrollment.

Gifts In-kind: Must fulfill a stated need of one or more college departments, and be approved by Facilities or IT personnel to ensure compliance with existing infrastructure. If directly related to A-B Tech’s mission, a gift in-kind may be tax deductible at current market value. If unrelated, the deduction is usually limited to what was paid for the item(s). Appraisals may be required, and if a required appraisal is not submitted, the value of the gift will be recorded as $0. A-B Tech does not appraise gifts; donors are responsible for substantiating the value of donated items with the IRS and should contact their financial advisors or tax attorneys for assistance.

Individuals: If your gift has an apparent value of less than $5,000, an appraisal is encouraged but not required. If your gift has an apparent value of $5,000 or more, the IRS requires an appraisal and IRS Form 8283.  Exceptions include: 1) closely-held stock, which must be appraised only if the apparent value is $10,000 or more; 2) gifts of service; 3) gifts of out-of-pocket expenses; and 4) limited use of private property. 

Corporations/Foundations: If your gift has an apparent value of $5,000 or more, an appraisal is encouraged but not required; however, a completed IRS Form 8283 is required if you plan to seek a tax deduction.

If you would like to make gift in-kind donation, please contact the Office of College Advancement for a Gift in Kind form and submit it to the Foundation. Gifts in-kind will be acknowledged with an official letter from the Foundation and included in A-B Tech’s Annual Report. Additional acknowledgements (signage, logo placement, press releases) may also be considered.

 

Planned Giving

Planned gifts or deferred gifts are ways to provide ongoing support of A-B Tech students and programs. Donors may choose to make a bequest, establish charitable remainder trusts, create a gift annuity, or donate stocks and bonds. Donors should seek counsel from their financial advisor, attorney and/or tax professional. 

 

Stocks and Bonds

The A-B Tech Foundation welcomes gifts of stocks and bonds; our policies state that such gifts must be sold as soon as possible after we receive them. Donations of appreciated stocks or bonds can benefit donors (individuals and corporations), as they may deduct the full market value of appreciated stocks without paying capital gains taxes on the appreciated value.

 

Matching Gifts

Many companies match the charitable contributions their employees make – doubling the value of each gift! Check with your company’s HR department to find out if they offer a matching gifts program OR contact the Foundation.

 

Real Estate

Gifts of real estate can be an excellent way to make a large gift to the college while enjoying significant tax benefits. Gifts of real estate 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. A-B Tech Foundation accepts donations of these properties, among others: residence, vacation home, farm, commercial building, and undeveloped land.

 

Create a Scholarship

Establish a named or annual scholarship at A-B Tech with a minimum contribution of $1,000 or an endowed scholarship fund with a minimum donation of $25,000. The gift of $25,000 establishing the endowment is payable over five years. Scholarship sponsors, in collaboration with the Foundation staff, give input on all of the criteria for the scholarship. The sponsor also chooses the name of the scholarship. Generally, donors may expect that a scholarship award will made the following academic year after the gift is received.  For more information, please contact the Foundation at 828-398-7177 or by email at advancement@abtech.edu.

A current listing of scholarship can be found on our website. 

 

For More Information

A-B Tech Community Foundation
340 Victoria Rd, (Simpson Administration Building Suite 121
Asheville, NC 28801
828.398.7177
advancement@abtech.edu

 

The A-B Tech Foundation, housed within the Office of College Advancement, is a 501(c)(3) organization.
All donations to the Foundation are tax deductible as allowed by law. The Foundation has assets totaling over $7.5 million.

 


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