Planned Giving
YOUR LEGACY, YOUR IMPACT
Your planned gift ensures that your values and generosity live on, supporting NCTC students for generations to come while providing meaningful benefits for you and your loved ones. Explore the giving options below to find the plan that’s right for you.
Gifts in a will or trust
If you would like to contribute to the NCTC Foundation in the future through a bequest in your will or revocable trust, please contact the Foundation for details or complete the form below. Any donor who designates the Foundation in their will or trust can become part of the Randall Lee Clark Bequest Society. This donation will support the NCTC Foundation tomorrow and for many years to come.
Everyone needs a will
Whether you’re 18 or 108, everyone should have a will in place. People use wills to choose who gets their property, name guardians for minor children, provide a plan for pets, and more.
Through a will, many people also choose to leave a part of their estate to North Central Texas College and make an impact on students, for years to come.
Why Give in your will?
You continue to use assets or property during your lifetime
Potentially reduce your estate tax burden
Leave a lasting legacy at North Central Texas College
Beneficiary Designations
A donor may give a paid-up life insurance policy to the NCTC Foundation, naming the Foundation as both owner and irrevocable beneficiary. You may also choose to give a life insurance policy that is not paid up if the Foundation is assured there is reasonable expectation that the donor will continue to make gifts that will be at least equal to the cost of the premium of the policy.
Why Designations Help
Assets not included in your will are called non-probate assets. Examples are 401(k)s, IRAs, life insurance policies, and other accounts. Designating North Central Texas College as a beneficiary can have a big impact and may avoid unwanted taxes for your heirs.
Charitable Benefits
Receive an estate tax charitable deduction
Reduce the burden of taxes on your family
You continue to use assets or property during your lifetime
Leave a lasting legacy at North Central Texas College
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Use your IRA to make tax-free gifts that benefit you and our mission.
Who it’s for
Individuals 70 ½ or older
Those who have an Individual Retirement Account (IRA) that is a traditional IRA, not a Roth IRA
Those who want to make a charitable gift that counts towards their Required Minimum Distribution
Those who want to reduce their taxable income
Benefits
Reduce taxable income
Counts towards your Required Minimum Distribution for the year
Make an immediate impact on our mission
How it works
Instruct your IRA custodian to distribute up to $108,000 directly to one or more eligible charities.
The QCD counts towards your Required Minimum Distribution.
The QCD is not included in your taxable income, which can reduce your overall tax liability. You will not receive a charitable income tax deduction for the QCD.
If you wish to make a Qualified Charitable Distribution, contact your IRA custodian to get started.
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Give assets while providing yourself or others with income for a period of time or distributions at a later date through Charitable Gift Annuities or Trusts.
If you’re looking for a way to maintain your current lifestyle, increase your financial security, and lower your taxes, consider creating a charitable gift annuity. You will receive fixed annual payments for as long as you live. If you are under 65, you may want to consider a Deferred Charitable Gift Annuity, where payouts start after you hit a certain age.
Benefits
Receive an immediate income tax deduction for a portion of your gift
Annuity payments are guaranteed for life, backed by a reserve and the assets of our organization
Annuity payments are partially tax free, making them more valuable than fully taxable income of the same size
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Easily recommend grants to North Central Texas College for tax-efficient giving.
A donor-advised fund (DAF) allows individuals to make charitable contributions and receive an immediate tax deduction. The funds are managed by a DAF custodian, and the donor can recommend grants to their preferred nonprofit organizations. Donors can contribute to the fund over time and recommend grants to charities at their discretion, providing flexibility in their giving strategy. Donations from a DAF can be restricted to research, advocacy, a local market, or can be used to honor a loved one.
Benefits
Retain the flexibility to make grant recommendations over time
Receive an immediate tax deduction when contributing to your fund
Make an immediate impact on our mission
Request a grant today: Log-in to your donor advised fund account or contact your fund administrator to submit a grant request.
Submit your request to:
North Central Texas College Foundation
Tax ID#: 75-2006921If you choose to support our organization, please contact us to let us know to ensure that you are properly acknowledged and that your grant gets put to use as you intend.
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Many people love donating stock or mutual funds because it may help them avoid paying capital gains taxes.
Benefits
Gifts of assets can often save you far more on taxes than gifts of cash
Avoid all capital gains taxes
Receive an income tax deduction for the value of the assets (if you’ve had them for more than a year)
Make an immediate impact on our mission
How it works
Transfer appreciated securities directly to us (and avoid all capital gains taxes).
Receive an acknowledgement of the shares and the date received.
The securities are sold and the funds put directly to use for greatest impact.
Tax ID#: 75-2006921
Members of the NCTC Foundation staff can assist you and your attorney or financial planner in deciding which planned gift opportunity will be most beneficial to you and the NCTC Foundation. Unless you choose to restrict a planned gift or create a restricted endowment, all planned gifts will become part of the NCTC Foundation's restricted endowment upon maturity. The restricted endowment, at the discretion of the Foundation Board of Directors, will be used for any of the charitable purposes of the NCTC Foundation.
Request Details for Planned Gift
Please complete the form below and a Foundation Staff member will contact you. Thank you!
