Legacy giving is the promise of future support to Chattahoochee Technical College through your will, IRA or investment account, or charitable life income investments. If you want to make an impact on future students, you are a perfect candidate to make a legacy gift.
Name Chattahoochee Tech Foundation in Your Will
If you are writing your will for the first time, revising your existing plans, or own investment or retirement accounts or life insurance policies, please consider including Chattahoochee Tech Foundation among your charitable beneficiaries.
In your will, you can name Chattahoochee Tech Foundation the beneficiary of a set amount, a percentage of your estate, or a percentage of your residual estate after you have taken care of your loved ones.
If you have already written your will, it is usually very easy to create a codicil, or amendment, to your will. A codicil with specific changes, witnessed and notarized, is typically accepted into probate with the original will.
We encourage you to share this suggested bequest language with your attorney as you prepare or revise your will.
On the typically straightforward forms provided to designate beneficiaries of your investment account, retirement account or life insurance, simply list Chattahoochee Tech Foundation as a partial or sole beneficiary. Contact your program or account administrator to learn more.
It’s always a good idea to review your will and investment beneficiary forms periodically to be sure they still represent your wishes, especially if conditions, assets or relationships have changed. Times when it might be most important to review your documents include when purchasing or selling property, when children are born or have grown up, or when your marital or financial status changes.
Chattahoochee Tech Foundation cannot offer you legal or financial advice; we recommend you contact a qualified attorney to answer any questions you might have about your estate plans.
IRA and Stock Gifts
Gifts from your IRA and stock gifts may both offer tax advantages.
Owners of Individual Retirement Accounts must begin taking Required Minimum Distributions at age 72. From then on, a permanent tax provision allows you to make gifts to Chattahoochee Tech Foundation and other qualified charities directly from your IRA. These gifts are subtracted from your Required Minimum Distributions and do not count as revenue on your taxes. Because this type of gift actually reduces your income, it offers tax benefits even if you do not itemize your deductions. Provide this information to your IRA administrator to make a qualified charitable distribution to Chattahoochee Tech Foundation.
Giving stock directly to Chattahoochee Tech Foundation may allow you to increase your gift and your tax deduction. When you give stock shares, you’ll generally take a tax deduction for the full fair market value, which may be more than your original investment. Giving stock may offer significant advantage over giving cash, or selling your appreciated securities and contributing the after-tax proceeds. Consult your financial advisor and contact the Foundation at Foundation@ChattahoocheeTech.edu or 770-528-4461 for more information.
For more giving options, please contact Chattahoochee Tech Foundation staff.