Chattahoochee Tech honored graduates from the state’s largest technical college at two commencement ceremonies held Thursday, May 12, at the Clarence Brown Conference Center in Cartersville. There were 517 graduates,
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.