An investment in Central Carolina Technical College is truly an investment in the future of Clarendon, Kershaw, Lee and Sumter counties.
There are several methods of demonstrating support for Central Carolina:
Donors can make cash contributions. Checks should be made payable to the “Central Carolina Technical College Foundation, Inc.”
An endowed gift is one in which the principal is never used. Only the interest from the original donation is applied to a designated purpose. A major goal of the Central Carolina Technical College Foundation, Inc. is to establish a secure endowment fund ensuring long-term growth and stability for Central Carolina.
This type of gift is valuable to Central Carolina because it is a substantial deferred gift; it will not be delayed during the administration of an estate; and the donor is provided with a current charitable income tax deduction equal to the “value” of policy transferred. It is recommended that a life insurance agent be contacted for information on the many types of insurance gifts that can be made.
Beneficiary through will or living trust
This provision provides a deduction against future values upon the death of the donor. Each circumstance requires individualized planning.
Gifts such as furnishings, books, and works of art may be tax deductible depending on appraised value and how the college will use the gift.
Commonly referred to as Charitable Remainder Trusts, this gift provides donor (possibly spouse and/or children) with lifetime income as well as an income tax deduction.