MTC Foundation Office
The MTC Foundation accepts gifts in support of the educational programs and services directly related to the mission of Midlands Technical College including gifts of cash, stocks and securities, property, bequests and trust and life income arrangements.
The MTC Foundation acts in a fiduciary capacity in administering gifts in strict compliance with the instructions of the donor. If a gift is not accompanied by instructions, its use is determined by the Board of Trustees and directed to the program(s) with the most pressing needs.
Gifts to the Foundation may be designated to the unrestricted fund for general purposes, or restricted to a specific department or program of the donor’s choice. Every dollar donated to the Midlands Technical College Foundation is tax deductible.
Thank you for your interest in supporting Midlands Technical College.
Cash gifts are deductible in accordance to current tax regulation. Cash gifts may be pledged for payment over a period of years. Gifts may be made by American Express, Discover, MasterCard or Visa. You may make your gift online or call the Development Office at 803-732-5222. Cash gifts by check or money order should be made payable to:
Midlands Technical College Foundation
PO Box 2408
Columbia, South Carolina 29202
Donors to the MTC Foundation may make outright gifts and pledges in the form of appreciated securities rather than cash, thereby benefiting from extra tax advantages. If you itemize, you are entitled to a charitable income-tax deduction for the full value of the gift, provided you have owned the securities for more than 12 months. You avoid paying a tax on capital gains that you would owe if you sold the securities.
Gifts of securities are deductible for federal tax purposes up to a limit of 30 percent of your adjusted gross income. No appraisal is required for a gift of publicly traded securities for which market quotations are readily available from an established securities market.
To ensure that you are properly credited for your contribution, please contact Tim Nelson at (803) 732-5238 at the MTC Foundation office to notify him of an upcoming transfer. Please provide him with the approximate value of the stock and the specific area that you would like funded. You can also e-mail him this information at firstname.lastname@example.org
Gifts of noncash property, such as real estate, may provide an ideal way to make a contribution. These gifts may be more advantageous than outright cash gifts because you can make a larger donation at less cost. Examples of these are:
Property that Has Increased in Value - Property that has increased in value and has been held long enough to qualify as long-term property may be beneficial to give. This gift entitles you to two benefits: first, you avoid paying capital gains tax; and second, in most cases you receive a deduction for the full value of the gift.
Property that Has Decreased in Value - If you have property that has decreased in value at the time you are ready to make your gift, you should consider selling that property first and then contributing the proceeds to the MTC Foundation. This allows you to receive the deduction for both the capital loss and the charitable donation.
You must obtain an appraisal for any noncash contribution that exceeds $5,000. The appraisal summary section of IRS Form 8283 must be completed and attached to the income tax return on which the deduction is claimed.