Outright Gift
An outright gift can be cash, stocks, bonds, real estate, or tangible personal property. These can be made by simply transferring the assets to SWCC. Donors would receive a tax deduction on the value of the gift and could avoid capital gains tax.
Pledge
A pledge is a commitment to make a gift to SWCC over one or multiple years. It is established by a written agreement between the donor and SWCC that outlines the terms of the pledge. No income payment or beneficiary taxation applies to this type of gift. The donor receives a tax deduction when pledge payments are made.
Planned Giving
Planned giving offers meaningful ways to support SWCC while aligning your charitable intentions with your personal, financial, and estate planning goals. These giving options allow donors to make a lasting impact through gifts made during life or as part of an estate plan, often providing tax benefits and other financial advantages.
Bequest
A bequest can be cash, stocks, bonds, real estate, or tangible personal property. The donor provides in their will for the transfer of assets to SWCC upon their passing. No income payment or beneficiary taxation applies to this type of gift. A bequest allows the donor to distribute their estate according to their wishes and may help avoid estate and inheritance taxes.
Life Insurance
A life insurance gift involves the donor naming SWCC as the owner and beneficiary of a life insurance policy. No income payment or beneficiary taxation applies to this type of gift. The donor may receive a tax deduction for premiums paid and may avoid estate and probate costs by transferring the policy.
Life Estate Gift
A life estate gift is funded with the donor’s residence or farm. The donor transfers the property to SWCC by deed while reserving a life estate for the donor and/or another individual. The life tenant retains the right to use the property, including any income it generates, for life. Any income received is taxable to the beneficiary. The donor receives a tax deduction based on the property's value and may avoid capital gains tax on the transfer.
Real Estate
A gift of real estate may include a personal residence, vacation home, farm, commercial property, or undeveloped land. The donor transfers ownership of the property to SWCC through a deed, either during life or as part of an estate plan. A real estate gift can provide significant charitable income tax deductions based on the property's fair market value and may help the donor avoid capital gains tax that could result from a sale. In addition, the gift can reduce the donor’s taxable estate while creating a lasting impact on SWCC and its students.
Matching Corporate Gift
A matching corporate gift can be any negotiable gift such as cash, stocks, or bonds. The donor submits the company’s matching gift form along with their contribution to request a matching gift from their employer. No income payment or beneficiary taxation applies to this type of gift. The donor receives a tax deduction for their individual gift.
Trusts
Trust-based giving options can help donors achieve a variety of financial, philanthropic, and estate planning goals. Depending on your objectives, a trust can provide lifetime income for you or your loved ones, create meaningful support for SWCC, offer potential tax advantages, and help preserve assets for future generations.
Charitable Remainder Annuity Trust
A charitable remainder annuity trust can be created with cash, stocks, and bonds with a minimum amount of $30,000. These can be created through a written trust agreement in which the donor transfers assets to the trustee. The trust pays a fixed amount of income, based on the initial value of the trust assets, to the donor and/or other beneficiaries for life. The beneficiary is taxed on the income received, which may include ordinary income, capital gains, or both. The donor receives a tax deduction based on the value of the assets transferred to the trustee, may avoid capital gains tax on the transfer, and receives a guaranteed income stream for life or the term of the trust.
Charitable Remainder Unitrust
A charitable remainder unitrust may be funded with cash, stocks, or bonds, typically with a minimum contribution of $25,000. It is established through a written trust agreement in which the donor transfers assets to the trustee. The trust pays variable income, based on the annual value of the trust assets, to the donor and/or other beneficiaries for life. The beneficiary is taxed on the income received, which may include ordinary income, capital gains, or both. The donor receives a tax deduction based on the value of the assets transferred, may avoid capital gains tax on the transfer, and benefits from an ongoing income stream.
Charitable Lead Trust
A charitable lead trust may be funded with cash, stocks, bonds, or income-producing real estate. It is established through a written trust agreement in which the donor transfers assets to the trustee. The trust pays income to SWCC for the term of the trust. The trust income is not taxed to the donor. The donor benefits because the trust income is not taxable to them, and the trust may provide estate tax savings.
Revocable Trust
A revocable trust may be funded with all types of property. It is established through a written trust agreement in which the donor transfers assets to the trustee. The trust pays the net income to the donor and/or other beneficiaries for life. The beneficiary is taxed on the income received, which may include ordinary income, capital gains, or both. The donor benefits because the principal remains available upon demand and the trust may provide an estate tax deduction.
Pooled Income Fund
A pooled income fund may be funded with cash, stocks, or bonds (except tax-exempt municipal bonds), with a minimum contribution of $1,000. It is established through a written agreement between the donor and SWCC, in which the donor transfers assets to the trustee of the pooled income fund. The trust pays variable income, based on the pooled income fund’s earned net income, to the donor and/or other beneficiaries for life. The beneficiary is taxed on the ordinary income received. The donor receives a tax deduction based on the value of the assets transferred to the trustee, may avoid capital gains tax on the transfer, and benefits from an ongoing income stream.
Bargain Sale
A bargain sale may involve stocks, bonds, real estate, or tangible personal property. It is established through a written agreement between the donor and SWCC that outlines the terms of the sale, in which the donor transfers assets to SWCC. The donor receives a lump-sum or installment payment for the sale portion of the transaction. The donor is taxed on the sale proceeds, which may include capital gains. The donor receives a tax deduction based upon the difference between the property’s value and the sale price and may avoid capital gains tax on the gifted portion of the property.
Gift-in-Kind
A gift-in-kind may include construction materials, lumber, steel, or other tangible assets used for building purposes. The donor transfers the assets directly to SWCC. No income payment or beneficiary taxation applies to this type of gift. If the donated property is used for a related purpose by SWCC, the donor may receive a tax deduction based on the value of the gift and may avoid capital gains tax.
IRA Transfers
An IRA transfer is available to donors age 70 1/2 and older who wish to transfer IRA assets directly to SWCC. The donor transfers the assets from the IRA to SWCC, with no income payment or beneficiary taxation applying to the transfer. The transfer counts toward the donor’s required minimum distribution and may help avoid capital gains tax on the ultimate distribution.
Grain
A grain gift is made through a direct transfer of grain from a grain elevator to SWCC. The donor instructs the grain elevator to transfer a specified number of bushels directly to SWCC. No income payment or beneficiary taxation applies to this type of gift. The donor may avoid recognizing income by making a direct transfer of the asset to SWCC.
Livestock
A livestock gift involves the donation of livestock from a producer to SWCC. The livestock is then sold on the market, with the proceeds benefiting SWCC. No income payment or beneficiary taxation applies to this type of gift. The donor may avoid recognizing income by directly transferring the asset to SWCC.