All checks should be made payable to Salina Area Technical College Education Foundation and mailed to the following address. Any gift restrictions can be noted in the check’s memo line or via an accompanying note.
Salina Area Technical College Education Foundation
2562 Centennial Road
Salina, KS 67401
Call in your credit card gift to: 1-800-466-7989, ask for Accounts Receivable or 785-309-3133.
Non-cash gifts, such as equipment and software are welcome. Please contact the Foundation Office at 785-309-3121 to determine current needs.
By In-Kind Gifts
The College Foundation always welcomes in-kind gifts, which help the College stay current with changing technology and equipment needs and meets the demands of increased enrollment.
By Securities Transfer
Outright gifts of appreciated securities (stocks, bonds, mutual fund shares) that have increased in value are excellent ways of giving. These gifts can provide you with tax advantages based on the value of the securities at the time of the gift, and you do not have to pay capital gains.
By Real Estate
Gifts of residences, including vacation homes and farms, allow the donor to take a tax deduction, avoid capital gains taxes, retain lifetime occupancy for herself or himself and/or another person—and provide support for Salina Tech.
By Life Insurance
The cash surrender value of an existing life insurance policy is tax deductible. You may take a new policy, and the premiums are tax deductible if the College is made the irrevocable owner and beneficiary. You may name the Salina Tech Foundation the first, second or last beneficiary of an insurance policy.
By Retirement Funds
Making your gift from retirement funds can offer significant tax and planning advantages by withdrawing funds yourself and taking an offsetting deduction in the same tax year, or by making a qualified charitable deduction. Either method counts toward distribution requirements (RMD) and gets assets out of the estate. You may name the Salina Tech Foundation the first, second or last beneficiary of the following retirement plans: 401(K), SEP’s, KEOG’s, IRA’s or tax-sheltered annuities.
By Trusts and Annuities
Cash, marketable securities, retirement plans or real property may be used to establish a charitable trust or annuity from which you would receive income for life with the remaining assets going to the Salina Area Tech Foundation upon your death.
The most common and simplest form of planned gift giving is a bequest through a will or living trust, or a beneficiary designation on an account, such as a traditional IRA or 401(K) plan. More complex gift giving through charitable trusts and life income contracts are also possible, though they require more planning, negotiation and formal counsel than other gifts.
By Employer’s Matching Gifts
Many employers sponsor matching gift programs and will match charitable contributions made by their employees, this could double or triple your gift. To find out if your employer has a matching gift policy please contact your Human Resource Department.
By Naming Opportunities
There are numerous opportunities for named gifts – rights of classrooms, labs and commons areas. Pledged gifts can be made over a period of time to garner an appropriate marker bearing a family or company name.
Donors interested in impacting the lives of students through fiscal support can gift to existing scholarship funds. Make a one-time gift or make annual contributions to a specific fund in a designated field of study.
Donors may establish named endowments to offer living tributes and memorials to family and friends. The created fund, benefits current and future students and programs for years to come. Only the interest from the endowment is used to make annual awards. The endowment may be funded over a period of time to reach the designed amount to generate needed funds.