Ways to Give to Kettering University
Cash gifts
Gifts of cash, either by check, credit card, or online, are available for immediate use by the University and are usually fully tax deductible by donors who itemize deduction on their tax returns. Checks should be made payable to Kettering University. You can print a gift form to return with your gift so your donation is properly credited.
Pledges
Pledges are gift commitments paid over a period of time according to a prearranged payment schedule. Donors can receive reminders monthly, quarterly, or yearly, or set up an agreement where Kettering will periodically charge your credit card or debit your account. Indicate your pledge on the gift form or contact us for options, or to set-up a pledge program that will work for you. Gifts and pledges of $10,000 or more makes the contributor a member of the President’s Council, one of the donor recognition societies available at Kettering University.
Company Matching Gifts
Many businesses and corporations match personal gifts to Kettering made by their employees, retirees, directors, and their family members. Visit our online search engine to see if your employer participates. Contact your Human Resources Office for more information and to receive the form.
Return the matching gift form with your gift and Kettering will do the rest. If you made a donation earlier this year, you can still return the matching gift form and the University will be able to receive the matching gift.
Stocks and Securities
Kettering accepts gifts of stocks and securities. Donors can use appreciated investments as charitable gifts, often realizing a substantial tax savings and can designate funds to a specific purpose. Contributors should seek the advice of financial and tax professionals for their specific situation. Contact us for details on how transfer securities.
Planned Giving
You may find that spending just a few minutes deciding the best way to make a gift can help assure maximum benefits from your gifts. Sue Weiss, Director of Gift and Estate Planning, will be pleased to discuss in person and in confidence with you and your financial/legal representative methods of giving that could be mutually advantageous to you and to Kettering University. To learn more, visit our planned giving website.
IRA Rollover Gift – Special Opportunity through December 31, 2007! -
An Extension for 2008 is pending in Congress.
The Pension Protection Act of 2006 allows you to make a gift directly from your IRA with no tax consequences.
- Individuals aged 70 ½ and older may transfer up to $100,000 directly from an IRA to Kettering University without incurring taxable income
- Both itemizers and non-itemizers avoid any taxes on this gift
- This counts toward your Required Minimum Distribution
- Even if you plan other charitable gifts to use the maximum income tax deduction, you can still take advantage of this legislation
Call Sue Weiss (810) 762-9768 with questions or for more details on how this might benefit you AND Kettering.
Equipment / In Kind Gifts
Certain non-cash items may be accepted as donations, such as equipment for use in our laboratories and buildings, or books and supplies. You and your company are invited to join a larger group of donors supporting Kettering with such gifts in kind. Contact Peggy Simpson to discuss the possibility of your corporate donations.
These gifts must be reviewed by the university to see if they qualify to serve the purpose of the institution and the donor is responsible for furnishing the fair market value. Contact us for information and to begin the process.
Types of Gifts
Kettering Gift Fund / Annual Fund – Your annual gift to the University is critically important. When you contribute to the Kettering Gift Fund’s annual appeal you give the much needed gift of flexibility. The university can use these unrestricted funds immediately for the most pressing initiatives. Generally those needs include student financial assistance, faculty support, new academic programs, research assistance, and the purchase of supplies, and equipment. Contact Bonnie McArthur at 810-762-9519 with questions or to make a gift by phone.
Endowed or Legacy Gifts – With endowed funds the original amount of the gift is invested. Each year, only a portion of the earned income is spent while the remainder adds to principal growth. In this respect, an endowment is a perpetual gift. Always equated with excellence and long-term strength, endowments are essential if Kettering is to remain a leader in education. It is a great way to link your legacy with our future…forever. For details on setting up an endowed account contact Jack Stock at 810-762-7873 or Sue Weiss at 810-762-9768.
Designated Funds – Donations to Kettering can be restricted to specific uses. As a donor, you can decide how your gift will impact the institution. Contributions can be designated for students, faculty, facilities, programs, or unrestricted annual giving. Contact Bonnie McArthur at 810-762-9519 with questions on gift designations.
Estate and Planned Gifts – Gifts through estate planning are a great way to support Kettering today and into the future. Bequests, gift annuities, life insurance and other financial vehicles are available, often with tax advantages for the donor and their heirs. Contact Sue Weiss at 810-762-9768 for complete details.
In Memoriam – Whether through the Annual Fund or a named scholarship, Kettering accepts gifts in honor of, or in memory of a loved one. This type of gift can be a meaningful way to honor a friend or family member. Contact Bonnie McArthur at 810-762-9519 to discuss where you would like gifts directed.
Corporate and Foundation Gifts – Partnerships with corporations and foundations help transform theories and research that begins in the classroom and laboratories into real-world projects. Contact Peggy Simpson at 810-762-9527 for ways to help make a difference.
Matching Gifts - Many companies will match the contributions to higher education of their employees, their spouses or family members, retirees, and directors. To find out if your company participates, contact your Human Resources department, or try our search engine.