Gift Planning

Kettering University is prepared to help you plan your gift using charitable giving strategies that will fulfill your philanthropic goals to impact future generations of students. We are equipped to receive and steward planned gifts such as bequests through your Will or Trust, IRA charitable remainder distributions, donor advised funds (DAFs), charitable gift annuities, donation of stocks and appreciated securities, real estate, charitable remainder trusts and charitable lead trusts.

Questions? Please contact the Office of Gift Planning at giftplan@kettering.edu or 800-955-4464 ext. 9746.

Leaving a legacy with a gift using current assets

Donors also can use current assets described here to leave their mark on Kettering University.  Gifting from these types of assets offers donors the opportunity to see the immediate impact of their gift. Frequently, donors use a combination of a gift from a current asset and a gift in their Will or Trust to make a difference in the lives of Kettering students.

IRA

Making a Charitable Remainder Distribution (CRD) from one’s IRA to Kettering University remains a popular giving option for alumni and friends. With so many tax changes in the past few years, however, we want to confirm the current tax law for 2022. 

  • Individuals who are 72 years old are required to take a distribution from their IRAs, 401(k)s, 403 (b)s and most other defined contribution plans maintained by an employer for individuals. (SECURE ACT of 2019). In 2020, this requirement was waived, but it is not waived for 2022.
  • Individuals who are 70½ and older are eligible to take a distribution from their IRA to Kettering University. (SECURE Act of 2019)
  • You can transfer up to $100,000 annually as a Charitable Remainder Distribution from an IRA to Kettering. NOTE: So can your spouse!
  • Because your CRD is pre-taxed income, you will not receive a charitable deduction for tax purposes, but you may see your adjusted gross income (AGI) reduced because of the transfer.
  • Kettering University will recognize you for the value of the CRD.

Giving from one’s IRA is easy, but we strongly encourage donors to allow 6-8 weeks for the transfer to the University.

To start the process, please notify your IRA custodian to make a direct transfer of the distribution amount to Kettering University. For long-term planners, consider naming Kettering University as a direct beneficiary of your IRA.

Appreciated Stocks and Securities

By donating appreciated stock, no capital gains tax will be due on the appreciation, and the full value of the stock is immediately designated to a Kettering University capital improvement project, scholarship, program or academic area that is important to you. When you itemize, you can deduct the full value of the stock even though you did not pay capital gains tax on the appreciation. So, if you have the opportunity to choose between making a gift of cash and a gift of appreciated stock, a gift of stock may be a better choice since you will avoid the capital gains tax that would be due if you sold the stock.

Your gift can help build state-of-the art facilities, create a student scholarship to help offset tuition, strengthen our pre-college programs and more. The Kettering University Office of Gift Planning is available to assist you with arranging the transfer to the University that will help smart young people meet their objective for a brighter future—a Kettering degree.

IMPORTANT: The University is working with a new financial services firm. For the new account information, please contact us toll-free at 800-955-4464 or giftplan@kettering.edu so that we can ensure your stock donation is transferred smoothly to the University.

Retirement Plans

Donate your remaining retirement plan assets directly to the University by making Kettering University a direct beneficiary of your 401(k), 403(b) or other account or to a Charitable Remainder Trust. A gift through a Charitable Remainder Trust maximizes your heirs’ inheritance while benefiting Kettering.

Life Insurance

If you transfer ownership of a life insurance policy with a cash value of $10,000 or more, Kettering University will immediately benefit from your generosity. Make a large future gift with little cost and receive current (and possibly future) income tax deductions by transferring ownership of your policy to Kettering.

Donor Advised Funds (DAF)

Recommend a current gift to Kettering from your Donor Advised Fund. Create a legacy by naming Kettering as a beneficiary when the DAF is dissolved.

Real Estate and/or Personal Property

Current or future gifts of residential, commercial, farm or undeveloped real estate, books, artwork or equipment will provide the donor with a charitable deduction based on the appraised value of the item(s).

Business & Partnership Interests

Business Interests

Give Kettering an interest in a closely held or family business.

Partnership Interests

Transfer an interest in a Family Limited Partnership (FLP) or Limited Liability Company (LLC). Please contact your attorney for more information. 

  • IRA

    IRA

    Making a Charitable Remainder Distribution (CRD) from one’s IRA to Kettering University remains a popular giving option for alumni and friends. With so many tax changes in the past few years, however, we want to confirm the current tax law for 2022. 

    • Individuals who are 72 years old are required to take a distribution from their IRAs, 401(k)s, 403 (b)s and most other defined contribution plans maintained by an employer for individuals. (SECURE ACT of 2019). In 2020, this requirement was waived, but it is not waived for 2022.
    • Individuals who are 70½ and older are eligible to take a distribution from their IRA to Kettering University. (SECURE Act of 2019)
    • You can transfer up to $100,000 annually as a Charitable Remainder Distribution from an IRA to Kettering. NOTE: So can your spouse!
    • Because your CRD is pre-taxed income, you will not receive a charitable deduction for tax purposes, but you may see your adjusted gross income (AGI) reduced because of the transfer.
    • Kettering University will recognize you for the value of the CRD.

    Giving from one’s IRA is easy, but we strongly encourage donors to allow 6-8 weeks for the transfer to the University.

    To start the process, please notify your IRA custodian to make a direct transfer of the distribution amount to Kettering University. For long-term planners, consider naming Kettering University as a direct beneficiary of your IRA.

  • Appreciated Stocks & Securities

    Appreciated Stocks and Securities

    By donating appreciated stock, no capital gains tax will be due on the appreciation, and the full value of the stock is immediately designated to a Kettering University capital improvement project, scholarship, program or academic area that is important to you. When you itemize, you can deduct the full value of the stock even though you did not pay capital gains tax on the appreciation. So, if you have the opportunity to choose between making a gift of cash and a gift of appreciated stock, a gift of stock may be a better choice since you will avoid the capital gains tax that would be due if you sold the stock.

    Your gift can help build state-of-the art facilities, create a student scholarship to help offset tuition, strengthen our pre-college programs and more. The Kettering University Office of Gift Planning is available to assist you with arranging the transfer to the University that will help smart young people meet their objective for a brighter future—a Kettering degree.

    IMPORTANT: The University is working with a new financial services firm. For the new account information, please contact us toll-free at 800-955-4464 or giftplan@kettering.edu so that we can ensure your stock donation is transferred smoothly to the University.

  • Retirement Plans

    Retirement Plans

    Donate your remaining retirement plan assets directly to the University by making Kettering University a direct beneficiary of your 401(k), 403(b) or other account or to a Charitable Remainder Trust. A gift through a Charitable Remainder Trust maximizes your heirs’ inheritance while benefiting Kettering.

  • Life Insurance

    Life Insurance

    If you transfer ownership of a life insurance policy with a cash value of $10,000 or more, Kettering University will immediately benefit from your generosity. Make a large future gift with little cost and receive current (and possibly future) income tax deductions by transferring ownership of your policy to Kettering.

  • Donor Advised Funds (DAF)

    Donor Advised Funds (DAF)

    Recommend a current gift to Kettering from your Donor Advised Fund. Create a legacy by naming Kettering as a beneficiary when the DAF is dissolved.

  • Real Estate and/or Personal Property

    Real Estate and/or Personal Property

    Current or future gifts of residential, commercial, farm or undeveloped real estate, books, artwork or equipment will provide the donor with a charitable deduction based on the appraised value of the item(s).

  • Business & Partnership Interests

    Business & Partnership Interests

    Business Interests

    Give Kettering an interest in a closely held or family business.

    Partnership Interests

    Transfer an interest in a Family Limited Partnership (FLP) or Limited Liability Company (LLC). Please contact your attorney for more information. 

Your donation of appreciated stock = no capital gains + a charitable deduction

Giving appreciated stock held for more than one year to Kettering University means:

  • You don’t pay capital gains tax on the appreciation 
  • You can deduct the full value of the stock when you itemize
  • Your gift can provide a scholarship, renovate a lab/classroom, expand the outreach of a pre-college program (AIM, LITES) or help build state-of-the-art facilities like the Learning Common.

It can also be a smart tax strategy for you.

For instructions on donating appreciated stock or mutual funds, click here

Important: Please note it may take up to five business days for your stock donation to transfer to the University account. For more information, contact us toll-free at 800-955-4464, ext. 9746, or email giftplan@kettering.edu.

 

 

 

Women Helping Women

Never doubt that a small group of thoughtful, committed citizens can change the world; indeed, it’s the only thing that ever has. - Margaret Mead. 

It started as a simple idea: How to give back and help young women in science, technology, engineering, and math (STEM)? The mission  resonated with others, including 1987 alumna Sandy Dietrich’s friends and family. That’s how the Women Helping Women Scholarship Endowment was born. The idea spread so quickly that the first scholarship was awarded eight months later, far sooner than the original goal to start awarding scholarships in 2026. Allison Allemon (’24, EE) received the first Women Helping Women scholarship.

Some of WHW Founding members, Nina Leask ‘87, Sandy Dietrich ‘87 and Darlene Deane ‘88 are pictured with Allison in the Learning Commons.
Allison Allemon met some of the founding members of the
Women Helping Women Scholarship on campus this
past summer. The women, including Nina Leask ‘87,
Sandy Dietrich ‘87 and Darlene Deane ‘88 are pictured with Allison
in the Learning Commons.

“I'm proud to be the first award recipient because I'll be able to watch it grow to support other women as it has helped me to continue my education,” Allemon said. “I'll definitely use this scholarship to convince my four sisters and every other female around me to reach for their dreams and, hopefully, pursue an engineering-related career. As a woman in STEM, I feel empowered by every other woman I see in STEM. It's important to practice diversity, which starts with supporting education, which is exactly what the Women Helping Women scholarship does.” 

Dietrich and nine of her family members and friends, including fellow Alpha Sigma Alpha sorority sisters, established the program in 2021 to alleviate some of the financial burden of attending college and to encourage other young women to consider engineering.

“This is still just the beginning,” said founding member Sandy Dietrich ’87. “We have had so much interest from others to contribute. Our endowment is already close to $50,000, and I’m confident we can reach six figures. The higher the endowment, the more young women we can help.”

The need to increase scholarship support for women at Kettering is crucial to attracting and keeping female students. If you would like to make a contribution to the Women Helping Women scholarship endowment, or perhaps create your own endowed scholarship to support women in STEM, please contact the Office of Gift Planning at giftplan@kettering.edu, or call 800-955-4464, ext. 9746 for more information. 

 

 

Planned giving contact information

To learn more about naming opportunities available in the Learning Commons or other University priorities, please contact us at 800-955-4464, ext. 9746, or email giftplan@kettering.edu

 

Leaving a legacy with a gift from your Will or Trust

Leaving a bequest in a Will or Trust to Kettering University can shape your legacy by helping provide a Kettering education to future generations of students. We invite you to join other alumni in our Heritage Society, a donor society recognizing alumni and friends who make a planned gift to the University.

Front of Campus Center

Different types of a bequest

Fixed Amount

A fixed amount involves a gift of a specific asset such as real estate, a car, other property or a gift for a specific dollar amount. For example, you may consider leaving a set amount (i.e., $50,000) to Kettering University, or you may leave your home, other real estate or other tangible asset to Kettering University. (Note: Kettering University policy is to sell properties upon receipt, with the proceeds given to the University.)

Percentage Bequest 

Rather than leaving a fixed amount/asset, you may decide to give a specific percentage of your estate to the University. This can be in the form of leaving a percentage of your estate valued at the time of your death or a percentage of your residual estate (after other specific bequests have been honored). For example, you may wish to leave 10% of your overall estate to Kettering University that, at the time of your gift, is valued at $100,000.

Contingent Bequest

By listing Kettering University as a contingent beneficiary, your gift will go to the University after a certain event occurs (i.e., the death of a spouse).  

What is a Bequest?   

A bequest is a gift in your Will or Trust to Kettering University, and it is exempt from federal estate taxes. You can designate it to the Kettering Gift Fund (a discretionary fund available for the University to move forward with unanticipated opportunities) or a specific purpose, such as a student scholarship, research or faculty support.

How can we help?

Make a bequest through a Will or a Trust, through current assets or both to leave a legacy at Kettering University. Let us know what option works best for you and your family. We are happy to work with you, your attorney, and/or financial planner to help you identify ways to give and meet your philanthropic objectives.