Outright Gift

Any gift, no matter what the size, will assist us in our goal of providing quality education to our community.  We have many activities and you can specify what you want to support through a variety of options.

Donate to an Existing Scholarship
By increasing one of our existing scholarships you help us assist additional students.  You can see a list of these scholarships by  clicking here  .

Establish an Endowed Named Scholarship
By donating a minimum of $5,000 you can establish your own scholarship to honor, recognize, &/or memorialize a person or organization of your choice.  Your named honoree's life or significant accomplishments will be commemorated on an annual basis, as each year a CTC student will receive a scholarship to assist with college expenses.  The endowment gift is invested and accrues interest.  It is the interest that generates the scholarships for many years to come.  The initial gift of $5,000 can be accumulated over five years.

Establish a Named Fund
By donating a minimum of $500 (over five years) you can establish a scholarship to honor, recognize, &/or memorialize a person or organization of your choice.  Your named honoree's life or significant accomplishments will be commemorated on an annual basis, as each year a CTC student will receive a scholarship to assist with college expenses.  You must continue to donate money to this scholarship fund in order to maintain its active status.

The Foundation staff can help you tailor a gift that fulfills your charitable and financial goals.  If you would like more information about the Foundation or making a gift, please contact Ms. Judy Heartfield, Director, Central Texas College Foundation  in the Foundation Office at PO Box 1800, Killeen, TX  76540-1800 or call (254)526-1306 or (800)792-3348 extension 1306, or email judy.heartfield@ctcd.edu .

Planned Gift

What is planned giving?

The term "planned giving" refers to charitable gifts that require some planning before they are made. Planned gifts are popular because they can provide valuable tax benefits and/or income for life.

Whether a donor uses cash or other assets, such as real estate, artwork, or partnership interests, the benefits of funding a planned gift can make this type of charitable giving very attractive to both the donor and charity. Our Gift Calcs link at the left will allow you to run the numbers on the many benefits of these type gifts.

Potential benefits of planned gifts

Increase current income for the donor or others

Reduce the donor's income tax

Avoid capital gains tax

Pass assets to family at a reduced tax cost

Make significant donations to charity

With the assistance of a well-informed development officer and/or financial advisor, anyone can craft a planned gift to meet his or her charitable and financial goals. Planned gifts include bequests, trusts, and contracts between a donor and a charity. Basic descriptions of the most popular types of planned gifts follow .

Types of planned gifts

Bequest - When a donor decides to leave assets to charity in her will, she is making a bequest. The donor's estate will receive a charitable estate tax deduction at her death, when the gift is made to charity.

Gift Annuity-A gift annuity is a contract between a charity and a donor. In return for a donation of cash or other assets, the charity agrees to pay a fixed payment for life to the donor or to a friend or family member of the donor's choosing. The donor also can claim a charitable tax deduction. If a donor funds a gift annuity with long-term capital gain property, the donor will have to report only some of the gain, and may be able to report it in installments over many years.  Income from a gift annuity can be deferred for a period of years. Deferred gift annuities are often set up by younger donors to supplement retirement income.

Charitable Remainder Trust - This trust makes payments, either a fixed amount (annuity trust) or a percentage of trust principal (unitrust), to whomever the donor chooses to receive income. The donor may claim a charitable income tax deduction and may not have to pay any capital gains tax if the gift is of appreciated property. At the end of the trust term, the charity receives whatever amount is left in the trust.  Charitable remainder unitrusts provide some flexibility in the distribution of income, and thus can be helpful in retirement planning.

Charitable Lead Trust -This trust makes payments, either a fixed amount (annuity trust) or a percentage of trust principal (unitrust), to charity during its term. At the end of the trust term, the principal can either go back to the donor (a grantor lead trust) or to heirs named by the donor (a non-grantor lead trust). The donor may claim a charitable income tax deduction for funding a grantor lead trust or a charitable gift tax deduction for funding a non-grantor lead trust. Since lead trusts are typically used to pass assets to heirs, non-grantor lead trusts are far more common than grantor lead trusts.

Retained Life Estate - A donor may make a gift of his personal residence or farm to charity and retain the right to live there for the remainder of his or her life. The donor receives an immediate income tax deduction for the gift. At the donor's death, the charity can use or sell the property.