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Giving to Midway
The
Development Office can help you create a gift plan that
will best express your desire to benefit Midway College,
and fulfill your personal financial goals. A properly
designed gift can complement your own goals in several
ways:
• Build the Bridge to a Brighter Future
• Provide life-long income
• Convert low-yielding assets into a higher income stream
• Reduce or eliminate taxes on capital gains
• Generate a substantial federal income tax deduction
• Eliminate or reduce federal estate taxes
There are two basic categories of gifts to Midway College: Outright Gifts and Planned Gifts. Each has its own advantages with regard to your financial plans,
and each greatly benefits Midway College.
Outright gifts are gifts made in the current year that the College may be able to utilize immediately. These gifts may be applied to help fund scholarships
based upon academic credentials, financial need, or both. They may also benefit a specific program or department. When you name a specific purpose or place
to receive the benefit of your donation, we call that a "restricted" gift.
Many companies will match gifts. To see if your company participates, visit Matching Gifts Clearning House.
Planned gifts are integrally connected to your financial and/or estate plans. They may range in size from very small bequests to multi-million dollar trusts.
We call them deferred gifts because, even though they are given today, the College will not realize their benefit until some time in the future. Planned gifts
fall into two general categories: Estate gifts are those gifts normally associated with your Will or final distribution of your estate; life income gifts provide
either an income or the use of some asset for the duration of your life. Knowledge of deferred gifts is an excellent long-range budget-planning tool for the College.
Stocks, bonds, real estate, art objects, jewelry, or any other kind of property that has value. Your tax deduction (with only a few exceptions) is the fair market
value of the property at the time you give. Besides giving rise to an income tax deduction, most gifts of appreciated assets offer a further tax advantage -- the
capital gain tax on your profit is completely avoided.
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